Helping law firms is a big part of the process for this publisher. Formerly Dolan Media Company, The Dolan Company is a diversified professional services provider with a significant interest in local business news publishing. Through subsidiary National Default Exchange (NDeX), the company offers mortgage default processing services to lenders, loan servicers, and law firms around the country. Its Counsel Press and DiscoverReady units provide services for law firms, including outsourced document management to support litigation discovery. In addition, Dolan's publishing business includes a portfolio of more than 40 daily and weekly newspapers serving mostly markets on the East Coast and in the Midwest.
While professional services were once a small part of the business, Dolan Company has expanded that division through acquisitions focused on processing and other outsourcing services for customers in both the finance and legal sectors. The shift in emphasis coincided with both the mortgage credit crisis and the decline in print advertising. The company changed its name from Dolan Media in 2010 to reflect its new focus as a provider of diversified professional services.
A few months later, Dolan expanded when it acquired Federal News Service (FNS), a provider of transcripts from government events. FNS also tracks media coverage of current issues, and Dolan expects the deal to add significantly to its news publishing content.
Founder Jim Dolan, a former journalist turned investment banker, started the business in 1992 by acquiring the Minneapolis newspaper Finance and Commerce with backing from private equity firm Cherry Tree Investments. Dolan expanded through additional newspaper acquisitions. Its focus on law periodicals led the company to target acquisitions of legal services businesses. Dolan later went public through an IPO in 2007 to help fund its growth and acquisitions strategy. – less