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A deal for the parent company of Lexis-Nexis to purchase or partner with Lawyers Weekly Inc., a Boston-based chain of law journals that includes Massachusetts Lawyers Weekly, will not take place, according to chief executives at both companies. In the prepared statement released Tuesday, Lawyers Weekly CEO Susan P. Hall said talks about a “possible partnership” between the two publishing firms “have been mutually discontinued.” “Instead, Lawyers Weekly has secured private financing to fuel its growth plans,” said Hall, adding that “as an independent company we will be in an excellent position to execute our business plan. … We were exploring options that would preserve our independence, and the possible options with Lexis-Nexis would not preserve it.” In the same release, Lexis-Nexis President and CEO Lou Andreozzi said of Lawyers Weekly: “I’m sure they will continue to be very successful as an independent business, and I wish them well.” Lawyers Weekly announced in April that it was pursuing investors and would consider a sale of its seven regional legal newspapers, the national Lawyers Weekly USA and related online services. Calls to the Massachusetts Lawyers Weekly Tuesday were referred to a public relations agency, which released the statement on the company’s behalf. Lawyers Weekly, founded by attorney J. Edward Pawlick, began in Boston in 1972 as Massachusetts Lawyers Weekly. The company later expanded with regional newspapers in Rhode Island, Michigan, Virginia, North Carolina, Missouri and Ohio. Lawyers Weekly USA followed along with online services related to the publications. Lexis-Nexis, owned by London-based Reed Elsevier, offers online research to more than 1.25 million subscribers. The potential between the two companies also was reported in a recent notice of the Federal Register, publisher of federal agency rules and notices. The Register’s notice said the Federal Trade Commission had granted Reed Elsevier early termination of the FTC review period for mergers or acquisitions. The waiting period allows the FTC and the U.S. Department of Justice’s Antitrust Division to consider the proposed mergers.

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