vLex and Fastcase Merge to Form vLex Group, the World's Largest Global Law Library

WHO

vLex and Fastcase, two prominent legal technology companies, have announced their merger to establish the world's largest law firm subscriber base, offering over one billion legal documents from more than 100 countries. The combined business, known as vLex Group, will receive investment from Oakley Capital and Bain Capital Credit to fuel global expansion and accelerate the development of legal artificial intelligence (AI) tools.

WHAT

The merger aims to democratize access to the law by enhancing the accuracy, efficiency, and affordability of legal research. By combining their expertise and technologies, vLex and Fastcase will create a dynamic and robust platform that revolutionizes legal research and streamlines processes for legal professionals. The new entity will be named vLex Group, maintaining the vLex and Fastcase brands globally and in the U.S. respectively. With offices in multiple regions, including the United States, Europe, the U.K., Asia, and Latin America, vLex Group will integrate management teams and develop unified global products leveraging the strengths of both companies.

WHY

Legal professionals are increasingly adopting technology, including AI tools, to improve their workflows. The merger of vLex and Fastcase aims to meet this demand by providing lawyers worldwide with advanced AI-powered solutions for legal research. By combining resources and expertise, the companies aim to offer an unprecedented scale in legal tech, expanding their subscriber base and consolidating a vast library of legal documents. The strategic investments from Oakley Capital and Bain Capital Credit will further drive innovation and global growth for the new entity, vLex Group.

KEY TAKEAWAY

The merger of vLex and Fastcase establishes vLex Group as the world's largest global law library, catering to legal professionals across the globe. The integration of AI technologies will enhance legal research accuracy, efficiency, and affordability. With a focus on scalability and innovation, vLex Group aims to become the go-to resource for law firms of all sizes, empowering them with comprehensive and trustworthy legal information. The merger aligns with the evolving landscape of legal AI and positions vLex Group as a leader in this rapidly growing market.