LRN (company)
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| LRN | |
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Formerly called
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Legal Research Network Inc |
| Incorporated | |
| Industry | Ethics and legal compliance education |
| Founded | October 1994 |
| Founder | Dov Seidman (CEO) |
| Headquarters | 745 5th Avenue, New York City, NY 10151, United States |
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Number of locations
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Los Angeles, London, India |
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Area served
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Worldwide |
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Number of employees
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250 |
| Website | www.lrn.com |
LRN, founded in 1994, is an American company specializing in advising and educating organizations like the NFL,Dell, Kellogg's and Pfizer about ethics and regulatory compliance, as well as corporate culture, governance and leadership. The Washington Post reported in 1995 that LRN's low overhead enabled the company to "offer bargain prices to clients" positioning the company to be disruptive to the legal industry. Later evolved into a training, advisory and education firm. The company is guided by the philosophy of founder Dov Seidman, based on his New York Times best-selling book How.
Dov Seidman founded Legal Research Network (later changed to “LRN”) two years out of Harvard Law School. While working at a law firm, he was assigned a three-week task to research a basic legal issue. He had the idea that clients could save time and money if there was a company that offered legal knowledge and analysis services through an expert network of academics and lawyers. The research would then be repurposed in a database licensed to companies. He was able to pre-sell a $500,000 contract to MCI based on the idea. He raised $2 million from 42 investors to launch the company.
In the first year, LRN had a network of 1,100 legal experts in over 2,500 subjects reported by the Washington Post as being "mostly law professors, solo practitioners and lawyers on leave from their regular jobs".
In the first year LRN attracted 90 clients, 34 of them from Fortune 500 companies.
American Lawyer magazine featured LRN in a feature story called "Should You be Afraid of This Man?" because of concerns in the legal industry that LRN would undercut law firms by charging substantially less.
The company added ethics and compliance training in the later 1990s as part of an effort to spread legal and ethical awareness throughout organizations, instead of just in their law departments. Online classes, starting in the 2000S, facilitated mass training of thousands of employees at large multi-nationals like Johnson & Johnson and Pfizer. Pfizer trained all 150,000 of its employees with LRN courses. Subjects included complying with sexual harassment laws, trade secrets and anti-trust.
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Wikipedia