LexisNexis, the international giant that bought Juris Inc. nine months ago, confirmed today that more than 60 jobs in Brentwood will relocate to the company's Cary, N.C., technology center.
LexisNexis spokesperson Holly Michael told NashvillePost.com this afternoon that about 20 workers will work in a temporary Brentwood office until the end of the year.
Most other employees of the Brentwood firm are being offered opportunities for jobs in North Carolina or in call centers and other operations in other cities. The total number of jobs affected may be roughly 70, but LexisNexis' Michael could not confirm that.
Juris Founder Tom Collins, 66, who is no longer associated with the firm, told NashvillePost.com this afternoon, "It is unfortunate... I'm surprised that they're taking the tack that they're taking."
His son, Stephen, who served as CEO of Juris five years, said today the company had reached $12 million revenue in 2007, up from $5.5 million in 2002. He said LexisNexis acquired the company "at a premium valuation" that reflected the company's strong reputation, productive workforce and momentum.
Stephen Collins completed his transition with LexisNexis in January, and is not privy to details of the relocation. He said, however, he believes many Juris workers will opt to remain in Middle Tennessee.
The elder Collins also recently relinquished the role of editor of his highly regarded law-practice management blog, MorePartnerIncome.com. He was succeeded by LexisNexis Economic Survey Editor in Chief Brian Ritchey. Ritchey was not immediately available for comment.
Juris was founded by Tom Collins in 1986, after he acquired and renamed the data-services division of then-Nashville-based Endata.
LexisNexis is owned by twin parent organizations based in London and Amsterdam, respectively: Reed Elsevier PLC and Reed Elsevier NV. Reed Elsevier's total revenue is $9.9 billion, including $2.9 billion earned by the global LexisNexis Group.