American Lawyer Media, Inc. Announces Extension of Tender Offer and Consent Solicitation for Its 9 3/4% Senior Notes Due 2007

Business Wire, March 1, 2005

NEW YORK -- American Lawyer Media, Inc., a leading media company focused on the practice and business of law, today announced that it has extended the expiration date of the tender offer and consent solicitation by the Company for any and all of its 9 3/4% Senior Notes Due 2007 (the "Notes"). The tender offer, which was scheduled to expire at 5:00 p.m., New York City time, today, will now expire at 5:00 p.m., New York City time, on March 4, 2005, unless extended further.

As of 5:00 p.m., New York City time, today, holders have validly tendered approximately 84.58% of the total issued and outstanding principal amount of the Notes.

Holders of the Notes can obtain copies of the Offer to Purchase and Consent Solicitation Statement in connection with the tender offer and consent solicitation and related materials from MacKenzie Partners, the Information Agent, at 800-322-2885 or 212-929-5500. Questions regarding the solicitation can be addressed to the Dealer Managers of the tender offer and consent solicitation, Credit Suisse First Boston LLC at 800-820-1653 and 212-538-0652 or UBS Securities LLC at 888-722-9555 x4210 and 203-719-4210.

None of the representatives or employees of American Lawyer Media Holdings, Inc., the Company, Credit Suisse First Boston LLC, UBS Securities LLC or the Information Agent makes any recommendations as to whether or not holders should tender their Notes pursuant to the Tender Offer and no one has been authorized by any of them to make such recommendations. Holders must make their own decisions as to whether to tender Notes and, if so, as to the principal amount of notes to tender.

About ALM

Headquartered in New York City, ALM is a leading integrated media company, focused on the legal and business communities. ALM currently owns and publishes 35 national and regional legal magazines and newspapers, including The American Lawyer(R), Corporate Counsel(R) and The National Law Journal(R). ALM's Law.com(R) is the Web's leading legal news and information network. ALM's other businesses include book and newsletter publishing, court verdict and settlement reporting, production of legal trade shows, conferences and educational seminars, market research and distribution of content related to the legal industry. ALM was formed by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., LP. More information on ALM's businesses and services is available on the Web at www.alm.com.

Forward-Looking Statements

Statements in this press release which are not historical facts, including statements about the Company's plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made, and, except for the Company's ongoing obligations under U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Such forward-looking statements include, without limitation, the Company's expectations and estimates about future events and the Company's estimates regarding consummation of the tender offer and consent solicitation. Actual results may differ materially from such forward-looking statements for a number of reasons, including those set forth in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC (which may be viewed on the SEC's website at http://www.sec.gov or on the Company's website at http://www.alm.com), as well as reasons including difficulties, delays, unexpected costs, the inability of the Company to consummate the tender offer and consent solicitation. Factors other than those listed above could also cause the Company's results to differ materially from expected results.