Reed signs up Lexis

Publisher Reed Elsevier has completed its $1.5 billion purchase of Lexis-Nexis from forest products company Mead Corporation in the US. The purchase also includes state legal publisher The Michie Company and legal information management software suppliers Jurisoft and Folio Corporation. Lexis-Nexis regards Reed Elsevier as a more strategic partner than its previous parent. The group sees itself providing legal publishing in various formats.