The Wall Street Journal quotes a Law360 manager as saying that the Lexis Nexis-owned business has increased its workforce at a rate of 20 to 30% each year for the past five or six years, driving the need to move from its current premises near Union Square.
The prolific publisher, best known for its daily news wire, practice specific alerts, and raft of surveys, has been on a rocket fueled expansion drive in recent years.
Probably the biggest success story in legal media in the last decade, Law360’s success is impressive when you consider it has occurred in the face of huge changes to the traditional publishing model, which has seen advertising revenues drop and products move online.
The site was founded in 2004 by Magnus Hoglund and Marius Meland.
Their company, Portfolio Media, which owned Law360, was acquired by LexisNexis in 2012.
Pictured: Chelsea/High Line area – taken by Lloyd Pearson in November 2013.