Under the agreement, Forbes Media will license its Falcon software to ALM, host ALM’s flagship website, and provide ongoing consulting and custom software development services. Law.com will be powered by the same technology used by Forbes.com’s contributor platform.
Falcon is Forbes’ proprietary software and one of the key drivers behind Forbes.com’s contributor platform.
“Over the last three years, Forbes has evolved as both a publisher of content and as developer of new technology. Our contributor platform on Forbes.com allows us to efficiently create and publish high quality content at scale,” said Mike Perlis, Forbes Media President and CEO. “The partnership with ALM marks an important milestone for us and underscores the growing interest in the marketplace in our contributor platform and unique software. We anticipate this to be the first of several software licenses expected to deliver significant new revenue streams for the company in 2014 and beyond.”
"In the print world, we were limited by physical space as to the number of contributors, but in the digital era, we can expand the number of lawyers and industry watchers who write for our publications," said Jeff Litvack, chief digital officer of ALM. "By partnering with Forbes to license its innovative Falcon content management platform, we are confident that the upcoming Law.com Contributor Network will be a ground-breaking digital platform for thought leaders to provide the legal community with opinions and insights on today’s top issues and happenings."
