<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

(Mark One)

|X|      Quarterly report pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934
                  For the quarterly period ended June 30, 2001.

| |      Transition report pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934
            For the transition period from __________ to __________ .


                        COMMISSION FILE NUMBER: 333-50119

                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
             (Exact name of registrant as specified in its charter)

         DELAWARE                                           13-3980412
(State or other jurisdiction of                          (I.R.S. Employer
incorporation  or organization)                       Identification Number)


     345 PARK AVENUE SOUTH
       NEW YORK, NEW YORK                                     10010
(Address of principal executive offices)                    (Zip Code)

        Registrants telephone number, including area code (212) 779-9200

                          -----------------------------

      Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                              Yes |X|    No |_|


As of August 14, 2001, there were 1,200,000 shares of the registrant's common
stock, $.01 par value outstanding, the majority of which were held by
affiliates.
<PAGE>   2
                      AMERICAN LAWYER MEDIA HOLDINGS, INC.

                                      INDEX


<TABLE>
<CAPTION>
PART I                                                                                        PAGE
                                                                                              ----
<S>                                                                                          <C>
FINANCIAL INFORMATION

   ITEM 1.  FINANCIAL  STATEMENTS

       Consolidated Balance Sheets at June 30, 2001 (unaudited)
           and December 31, 2000................................................................1
       Consolidated Statements of Operations (unaudited) for the Six
           Months Ended June 30, 2001 and 2000..................................................2
       Consolidated Statements of Operations (unaudited) for the Three
           Months Ended June 30, 2001 and 2000..................................................3
       Consolidated Statement of Changes in Stockholders' Equity for
           the Six Months Ended June 30, 2001 (unaudited).......................................4
       Consolidated Statements of Cash Flows (unaudited) for the Six Months
           Ended June 30, 2001 and 2000.........................................................5
       Notes to Consolidated Financial Statements at
           June 30, 2001 (unaudited).........................................................6-11


   ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
             OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS..................................12

   ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES
             ABOUT MARKET RISK.................................................................18
PART II

OTHER INFORMATION

   ITEM 1.  LEGAL PROCEEDINGS..................................................................19

   ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS...........................................19

   ITEM 3. DEFAULTS UPON SENIOR SECURITIES.....................................................19

   ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.................................19

   ITEM 5. OTHER INFORMATION...................................................................19

   ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K....................................................19
</TABLE>
<PAGE>   3
                                     PART I
                              FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
                           CONSOLIDATED BALANCE SHEETS

                        (IN THOUSANDS, EXCEPT SHARE DATA)

<TABLE>
<CAPTION>
                                                                                  JUNE 30,     DECEMBER 31,
                                                                                    2001           2000
                                                                                    ----           ----
                                                                                (unaudited)
<S>                                                                             <C>            <C>
                                     ASSETS

Current assets:
Cash and cash equivalents ................................................       $  1,618       $  2,263
Accounts receivable, net of allowance for doubtful accounts and returns
    of $2,425 and $2,836, respectively ...................................         18,554         19,613
Inventories, net .........................................................          1,665          1,561
Other current assets .....................................................          2,959          3,035
                                                                                 --------       --------
      Total current assets ...............................................         24,796         26,472
Property, plant and equipment, net of accumulated depreciation and
   amortization of $12,851 and $10,045 respectively ......................         12,916         14,000
Intangible assets, net of accumulated amortization of $41,751 and $35,838,
   respectively ..........................................................        135,041        139,757
Goodwill, net of accumulated amortization of $42,170 and $35,882,
   respectively ..........................................................        147,333        148,083
Deferred financing costs, net of accumulated amortization of $3,488 and
   $2,969, respectively ..................................................          6,120          6,502
Other assets .............................................................            433          5,220
                                                                                 --------       --------
       Total assets ......................................................       $326,639       $340,034
                                                                                 ========       ========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
Accounts payable .........................................................       $  6,962       $  8,789
Accrued expenses .........................................................          9,316         10,435
Accrued interest payable .................................................            912            867
Deferred income (including deferred subscription income of $17,107 and
   $16,975, respectively) ................................................         22,084         21,891
                                                                                 --------       --------
       Total current liabilities .........................................         39,274         41,982
Long-term debt:
Revolving credit facility ................................................         27,200         20,500
Senior notes .............................................................        175,000        175,000
Senior discount notes ....................................................         53,194         50,120
                                                                                 --------       --------
           Total long-term debt ..........................................        255,394        245,620
Deferred income taxes ....................................................         28,321         29,827
Other noncurrent liabilities .............................................          6,444          6,877
                                                                                 --------       --------
Total liabilities ........................................................        329,433        324,306
Stockholders' equity:
Common stock-$.01 par value; 2,000,000 shares authorized; 1,200,000 issued
   and outstanding at June 30, 2001 and December 31, 2000 ................             12             12
Paid-in-capital ..........................................................         96,466         96,466
Accumulated deficit ......................................................        (99,212)       (80,750)
Accumulated other comprehensive loss .....................................            (60)            --
                                                                                 --------       --------
       Total stockholders' equity ........................................         (2,794)        15,728
                                                                                 --------       --------
       Total liabilities and stockholders' equity ........................       $326,639       $340,034
                                                                                 ========       ========
</TABLE>


The accompanying notes to the consolidated financial statements are an integral
                           part of these statements.

                                       1
<PAGE>   4
                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                 (IN THOUSANDS)
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                         FOR THE SIX MONTHS ENDED
                                                 JUNE 30,
                                         ------------------------
                                           2001            2000
                                         --------        --------
<S>                                      <C>             <C>
REVENUES:
Periodicals:
   Advertising ................          $ 44,559        $ 44,959
   Subscription ...............            11,558          11,884
Ancillary products and services            20,715          22,687
                                         --------        --------
   Total net revenues .........            76,832          79,530
                                         --------        --------
OPERATING EXPENSES:
Editorial .....................            11,771          13,665
Production and distribution ...            16,635          16,099
Selling .......................            14,833          16,583
General and administrative ....            20,210          20,324
Depreciation and amortization .            14,994          14,264
                                         --------        --------
   Total operating expenses ...            78,443          80,935
                                         --------        --------
   Operating loss .............            (1,611)         (1,405)
Interest expense ..............           (13,220)        (12,609)
Other (loss) income ...........            (4,672)             30
                                         --------        --------
   Loss before income taxes ...           (19,503)        (13,984)

Benefit for income taxes ......             1,041           1,611
                                         --------        --------
   Net loss ...................          $(18,462)       $(12,373)
                                         ========        ========
</TABLE>


The accompanying notes to the consolidated financial statements are an integral
                           part of these statements.

                                       2
<PAGE>   5
                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                 (IN THOUSANDS)
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                       FOR THE THREE MONTHS ENDED
                                                  JUNE 30,
                                       --------------------------
                                         2001              2000
                                       --------         ---------
<S>                                    <C>              <C>
REVENUES:
Periodicals:
   Advertising ................        $ 22,582         $ 23,232
   Subscription ...............           5,810            6,008
Ancillary products and services           9,426           11,447
                                       --------         --------
   Total net revenues .........          37,818           40,687
                                       --------         --------
OPERATING EXPENSES:
Editorial .....................           5,792            5,992
Production and distribution ...           7,887            7,881
Selling .......................           7,160            7,672
General and administrative ....          11,748            9,398
Depreciation and amortization .           7,524            7,121
                                       --------         --------
   Total operating expenses ...          40,111           38,064
                                       --------         --------
   Operating (loss) income ....          (2,293)           2,623
Interest expense ..............          (6,599)          (6,280)
Other (loss) income ...........          (4,692)              17
                                       --------         --------
   Loss before income taxes ...         (13,584)          (3,640)
Benefit for income taxes ......             467              805
                                       --------         --------
   Net loss ...................        $(13,117)        $ (2,835)
                                       ========         ========
</TABLE>


The accompanying notes to the consolidated financial statements are an integral
                           part of these statements.

                                       3
<PAGE>   6
                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
            CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                        (IN THOUSANDS, EXCEPT SHARE DATA)
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                      ACCUMULATED
                                                                       ADDITIONAL                       OTHER
                                                             PAR        PAID-IN       ACCUMULATED    COMPREHENSIVE
                                              SHARES        VALUE       CAPITAL         DEFICIT          LOSS           TOTAL
                                              ------        -----       -------         -------          ----           -----
                                                  COMMON STOCK
                                              -------------------
<S>                                         <C>             <C>         <C>            <C>           <C>             <C>
Balance at December 31, 2000 .......        1,200,000        $12        $96,466        $(80,750)        $ --         $ 15,728
Net loss ...........................               --         --             --         (18,462)          --          (18,462)
Unrealized loss on equity securities
  available for sale, net of tax ...               --         --             --              --          (60)             (60)
                                            ---------        ---        -------        --------         ----         --------
    Total comprehensive loss .......               --         --             --              --           --          (18,522)
Balance at June 30, 2001 ...........        1,200,000        $12        $96,466        $(99,212)        $(60)        $ (2,794)
                                            =========        ===        =======        ========         ====         ========
</TABLE>


The accompanying notes to the consolidated financial statements are an integral
                            part of this statement.

                                       4
<PAGE>   7
                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (IN THOUSANDS)
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                            FOR THE SIX MONTHS ENDED
                                                                                     JUNE 30,
                                                                            ------------------------
                                                                              2001            2000
                                                                            -------         --------
<S>                                                                        <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss ..........................................................        $(18,462)        $(12,373)
Adjustments to reconcile net loss to net cash provided by operating
   activities:
Depreciation and amortization .....................................          14,994           14,264
Non-cash interest .................................................             520              493
Impairment of private equity investments ..........................           4,700               --
    Decrease (increase) in:
Accounts receivable, net ..........................................           1,162           (5,615)
Inventories .......................................................            (104)              30
Other current assets ..............................................             129              500
Other assets ......................................................             555              (18)
   (Decrease) increase in:
Accounts payable ..................................................          (1,850)          (1,624)
Accrued expenses ..................................................          (1,770)          (1,181)
Accrued interest payable ..........................................              44               28
Deferred income ...................................................            (661)             785
Other noncurrent liabilities ......................................          (1,939)          (1,124)
                                                                           --------         --------
   Total adjustments ..............................................          15,780            6,538
                                                                           --------         --------
   Net cash used in operating activities ..........................          (2,682)          (5,835)
                                                                           --------         --------

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures ..............................................          (1,706)          (3,538)
Proceeds received from sale of business ...........................              --            9,184
Purchase of business ..............................................          (5,893)          (4,950)
                                                                           --------         --------
   Net cash (used in) provided by  investing activities ...........          (7,599)             696
                                                                           --------         --------

CASH FLOWS FROM FINANCING ACTIVITIES:
Advance on revolving credit facility ..............................           6,700            2,000
Accretion of interest on senior discount notes ....................           3,074            2,719
Payment of deferred financing costs ...............................            (138)              --
                                                                           --------         --------
   Net cash provided by financing activities ......................           9,636            4,719
                                                                           --------         --------
   Net decrease in cash ...........................................            (645)            (420)
                                                                           --------         --------
CASH, beginning of period .........................................           2,263            1,598
                                                                           --------         --------
CASH, end of period ...............................................        $  1,618         $  1,178
                                                                           ========         ========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period:
   Income taxes ...................................................        $    863         $     --
                                                                           ========         ========
   Interest .......................................................        $  9,594         $  9,296
                                                                           ========         ========
Non-cash:
   Preferred membership interest received from sale of business ...        $     --         $  2,500
                                                                           ========         ========
</TABLE>


The accompanying notes to the consolidated financial statements are an integral
                           part of these statements.

                                       5
<PAGE>   8
                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2001
                                   (UNAUDITED)

1. ORGANIZATION & OPERATIONS

         American Lawyer Media Holdings, Inc. (the "Company") is the parent
company of American Lawyer Media, Inc. ("ALM"). The Company publishes legal
publications, including The American Lawyer, New York Law Journal, The National
Law Journal and Corporate Counsel. The Company's operations are based in New
York with regional offices in nine states, the District of Columbia and London,
England.

         On January 31, 2001, the Company consummated the acquisition of
substantially all of the assets and certain of the liabilities of Haslam
Publications ("Haslam"). Haslam is the leading publisher of jury verdict and
settlement research data in California.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         The accompanying unaudited consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial information. Accordingly, they do not include all of the information
and footnotes required by generally accepted accounting principles for complete
financial statements. In the opinion of management , the interim financial
statements include all adjustments, which are of a normal recurring nature, that
management considers necessary to fairly present the financial position and the
results of operations for such periods. Results of operations of interim periods
are not necessarily indicative of results for a full year. These financial
statements should be read in conjunction with the audited consolidated financial
statements in the Company's Annual Report on Form 10-K for December 31, 2000.

Principles of Consolidation

         The consolidated financial statements include the accounts of American
Lawyer Media Holdings, Inc. and its wholly-owned subsidiaries, which unless the
context otherwise requires, are collectively referred to herein as the
"Company". Intercompany transactions and balances have been eliminated in
consolidation.

Use of Estimates

         The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.

Concentrations of Credit Risk

         The Company's financial instruments that are exposed to concentration
of credit risk consist primarily of cash and cash equivalents and trade accounts
receivable. The Company believes it is not exposed to any significant credit
risk related to cash and cash equivalents. Concentrations of credit risk with
respect to trade accounts receivable are, except for amounts due from legal
advertising agents, generally limited due to the large number of customers
comprising the Company's customer base. Legal advertising agents do not have
significant liquid net worth and, as a result, the Company is exposed to a
certain level of credit concentration risk in this area, for which the Company
believes it has adequately provided.

                                       6
<PAGE>   9

                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2001
                                   (UNAUDITED)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Revenue Recognition

         Periodical advertising revenues are generated from the placement of
display and classified advertisements, as well as legal notices, in the
Company's publications. Advertising revenue is recognized upon release of the
related publications.

         Periodical subscription revenues are recognized on a pro rata basis as
issues of a subscription are served.

         Ancillary products and services revenues consist principally of
third-party printing revenues, newsletter subscriptions, sales of professional
books and seminar and trade show revenues and income from a daily fax service of
court decisions. Printing revenues are recorded upon shipment. Book revenues are
recognized upon shipment and are reflected net of estimated returns. Newsletter
revenues are recognized on the same basis as periodical subscription revenues.
Seminar and trade show revenues are recognized when the seminar or trade show is
held. Daily fax service revenue is recognized upon fulfillment of orders.

Deferred Subscription Income

         Deferred subscription income results from advance payments or orders
for subscriptions received from subscribers and is amortized on a straight-line
basis over the life of the subscription as issues are served. Subscription
receivables of approximately $2,790,500 and $2,631,500 are included in accounts
receivable in the accompanying consolidated June 30, 2001 and December 31, 2000
balance sheets, respectively.

Advertising and Promotion Expenditures

         Advertising and promotion expenditures totaled approximately $1,863,300
and $2,100,900 for the three months ended June 30, 2001 and 2000, respectively,
and $3,732,700 and $4,370,600 for the six months ended June 30, 2001 and 2000,
respectively. These costs are expensed as the related advertisement or campaign
is released.

Cash and Cash Equivalents

         The Company considers time deposits and certificates of deposit with
original maturities of three months or less to be cash equivalents.

Inventories

         Inventories consist principally of paper and related binding materials
utilized by the Company and its outside printers and professional books
published and sold by the Company. Inventories are determined by the average
cost method and are stated at the lower of cost or market.

                                       7
<PAGE>   10
                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2001
                                   (UNAUDITED)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Accounting for Long-Lived Assets

         In accordance with Statement of Financial Accounting Standards ("SFAS")
No. 121 "Accounting for the Impairment of Long-Lived Assets and for Long-Lived
Assets to be Disposed of," the Company periodically reviews long-lived assets
and certain identifiable intangibles for impairment whenever events or changes
in circumstances indicate that the carrying amount of an asset may not be fully
recoverable. Impairment of long-lived assets exists if, at a minimum, the future
expected cash flows (undiscounted and without interest charges) from an entity's
operations are less than the carrying value of these assets. The Company does
not believe that any such impairment has occurred related to goodwill or
intangibles. Reference is made in Note 4 for write-downs taken on investments.

Property, Plant and Equipment

         Property, plant and equipment is stated at cost. Significant
improvements are capitalized, while expenditures for maintenance and repairs are
charged to expense as incurred. Depreciation is calculated using the
straight-line method over the following estimated useful lives:

Buildings...................................    25 years
Furniture, machinery and equipment..........   5-9 years
Computer equipment and software.............   3-6 years

         Leasehold improvements are amortized over the shorter of the remaining
lease term or the estimated useful life.

Goodwill

          Goodwill represents the excess of purchase price over the fair value
of net assets acquired. It is stated at cost less accumulated amortization and
is amortized on a straight-line basis over a fifteen-year useful life. The
Company periodically assesses the recoverability of goodwill by determining
whether the amortization of goodwill over its estimated remaining life can be
recovered through projected undiscounted future consolidated operating cash
flows.

Intangible Assets

         Intangible assets represent advertiser commitments, uniform resource
locators, trademarks, copyrights, customer and subscriber lists and non-compete
agreements. They are stated at cost less accumulated amortization and are
amortized on a straight-line basis over a weighted average useful life of
fifteen years.

New Accounting Pronouncements

         On June 30, 2001, the Financial Accounting Standards Board issued
Statement of Financial Accounting Standards ("SFAS No. 141"), Business
Combinations and SFAS No. 142, Goodwill and Other Intangible Assets. SFAS No.
141 requires all business combinations initiated after June 30, 2001 to be
accounted for using the purchase method of accounting and eliminates the pooling
method of accounting. With adoption of SFAS No. 142, effective January 1, 2002,
goodwill will no longer be subject to amortization over its estimated useful
life. However, goodwill will be subject to at least an annual assessment for
impairment and more frequently if circumstances indicate a possible impairment.
Companies must perform a fair-value-based goodwill impairment test. In addition,
under SFAS 142, an acquired intangible asset should be separately recognized if
the benefit of the intangible is obtained through contractual or other legal
rights, or if the intangible asset can be sold, transferred, licensed, rented,
or exchanged. Intangible assets will be amortized over their useful lives. The
Company is assessing the impact of SFAS 142 and is evaluating whether or not the
Company may incur an impairment charge in accordance with the adoption of this
statement.

                                       8
<PAGE>   11
                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2001
                                   (UNAUDITED)


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)


Income Taxes

         Income taxes are recognized during the year in which transactions enter
into the determination of financial statement income. Deferred taxes are
provided for temporary differences between amounts of assets and liabilities for
financial reporting purposes and such amounts as measured pursuant to the tax
laws. The federal income tax benefit is recorded in the accompanying statement
of operations, reflecting the fact that the Company files a consolidated return.

3. DEBT

         On December 22, 1997, the Company issued $175,000,000 aggregate
principal amount of 9.75% Senior Notes (the "Senior Notes") due December 15,
2007. The Senior Notes are unsecured general senior obligations of the Company
and are fully and unconditionally guaranteed, on a joint and several and senior
unsecured basis, by each of the Company's existing and future subsidiaries. The
subsidiary guarantors comprise all of the direct and indirect subsidiaries of
the Company and each of the subsidiary guarantors is a wholly-owned subsidiary
of the Company. Separate financial statements of, and other disclosures
concerning, the subsidiary guarantors are not included herein because of the
subsidiary guarantors' full and unconditional guarantee of the Senior Notes and
management's determination that separate financial statements and other
disclosures concerning the subsidiary guarantors are not material and would not
provide any additional meaningful disclosure. The Senior Notes may be redeemed
at any time by the Company, in whole or in part, at various redemption prices
that include accrued and unpaid interest. The Senior Notes contain certain
covenants that, among other things, limit the incurrence of additional
indebtedness by the Company and its subsidiaries, the payment of dividends and
other restricted payments by the Company and its subsidiaries, asset sales,
transactions with affiliates, the incurrence of liens and mergers and
consolidations. Assuming there is no redemption of the Senior Notes prior to
maturity, the entire principal will be payable on December 15, 2007.

         In December 1997, the Company issued $63,275,000 aggregate principal
amount at maturity of 12.25% of Senior Discount Notes due 2008 (the "Discount
Notes"), at a discount rate of $553.14 per Discount Note.

                                       9
<PAGE>   12
                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2001
                                   (UNAUDITED)


3. DEBT (CONTINUED)

The Discount Notes accrete interest compounded semi-annually at a rate of
12.25% to an aggregate principal amount of $63,275,000 by December 2002.
Commencing in June 2003, cash interest will be payable semi-annually until
maturity each June 15 and December 15. The Discount Notes are senior, unsecured
obligations of the Company. The Discount Notes may be redeemed at any time by
the Company, in whole or in part, at various redemption prices that include
accrued and unpaid interest. The Discount Notes contain certain covenants that,
among other things, limit the incurrence of additional indebtedness by the
Company and its subsidiaries, the payment of dividends and other restricted
payments by the Company and its subsidiaries, asset sales, transactions with
affiliates, incurrence of liens and mergers and consolidations and restrict
distributions from certain restricted subsidiaries,. Financing costs, totaling
$1,693,000, have been capitalized and are being amortized over the term of the
Discount Notes. Assuming there is no redemption of the Discount Notes prior to
maturity, the entire principal will be payable on December 15, 2008.

         On March 25, 1998, the Company and ALM signed a credit agreement with
various banks that has a combined revolving commitment in the initial principal
amount of $40,000,000 (the "Revolving Credit Facility"). Financial costs
associated with the Revolving Credit Facility have been capitalized and are
being amortized over the term of the agreement. The Revolving Credit Facility is
guaranteed by the Company and by all subsidiaries of ALM. In addition, the
Revolving Credit Facility is secured by a first priority security interest in
substantially all of the properties and assets of ALM and its domestic
subsidiaries, including a pledge of all of the stock of such subsidiaries, and a
pledge by the Company of all of the stock of ALM. The Revolving Credit Facility
bears interest at a fluctuating rate determined by reference to (i) the base
rate plus a margin ranging from .25% to 1.5%, or (ii) the Eurodollar Rate plus a
margin ranging from 1.25% to 2.5%, as the case may be. The applicable margin is
based on ALM's total consolidated leverage ratio. The base rate equals the
higher of (a) the rate of interest publicly announced from time to time by Bank
of America as its reference rate, or (b) the Federal funds rate plus .5%. The
Eurodollar Rate is based on (i) the interest rate per annum at which deposits in
U.S. Dollars are offered by Bank of America's applicable lending office to major
banks in the offshore market account in an aggregate principal amount
approximately equal to the amount of the loan made to ALM and (ii) the maximum
reserve percentage in effect under regulations issued from time to time by the
Federal Reserve Board. ALM is also required to pay customary fees with respect
to the Revolving Credit Facility, including an up-front arrangement fee, annual
administrative agency fees and commitment fees on the unused portion of the
Revolving Credit Facility. The Revolving Credit Facility includes both
affirmative and negative covenants that include meeting certain financial
ratios. Assuming there is no repayment of the Revolving Credit Facility prior to
term, the entire amount will be payable on March 31, 2003.

         Effective March 29, 1999, the Company and ALM amended the Revolving
Credit Facility to limit ALM's ability to borrow in excess of $20,000,000 under
the Revolving Credit Facility until certain ratios are achieved. This amendment
also adjusted certain covenants contained in the original Revolving Credit
Facility.

         Effective July 20, 1999, the Revolving Credit Facility was further
amended to permit for the sale of the Company's Internet business to Law.com and
to modify certain debt covenants.

                                       10
<PAGE>   13
                      AMERICAN LAWYER MEDIA HOLDINGS, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2001
                                   (UNAUDITED)

3. DEBT (CONTINUED)

         Effective March 28, 2000, the Revolving Credit Facility was further
amended to modify certain of the debt covenants, to permit the sale of the
Company's business constituting The Daily Deal and Corporate Control Alert to
The Daily Deal, L.L.C., a limit described above from $20 million to $22.5
million.

         Effective January 10, 2001, the Revolving Credit Facility was further
amended to modify certain of the covenants, to permit the Haslam Publications
acquisition and to increase the borrowing limit described above from $22.5
million to $29.0 million.

         Effective August 10, 2001, the Revolving Credit Facility was amended to
permanently reduce the aggregate revolving commitment to $29 million as well as
to waive compliance with certain of the covenants at June 30, 2001. The Company
and lenders under the Revolving Credit Facility will discuss further amendments
to the Revolving Credit Facility.

         At June 30, 2001, the amount outstanding under the Revolving Credit
Facility was $27.2 million. The available balance under the unused commitment is
reduced by any letters of credit outstanding, which totaled $1,121,000 at June
30, 2001. A 10% increase in the average interest rate of borrowing under the
Revolving Credit Facility during the six months ended June 30, 2001 would have
increased the Company's net loss to approximately $18,565,000.

4. OTHER (LOSS) INCOME

         During the second quarter of 2001, the Company wrote off certain
investments as the decline in value of these investments has been deemed to be
other than temporary. This write-down of $4.7 million has been included in other
(loss) income.

5. RESTRUCTURING CHARGE

         During the second quarter of 2001, upon the announcement of its plan
to restructure certain of its operations, the Company accrued approximately
$1.7 million of restructuring charges. These charges primarily relate to
severance arrangements and have been included in operating income. As of June
30, 2001, approximately $1.3 million representing the unpaid charges has been
included in accrued expenses.

                                       11
<PAGE>   14
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

         The following discussion should be read in conjunction with the
historical consolidated financial statements of the Company, including the notes
thereto, included elsewhere in this Form 10-Q.

         Any statements in this quarterly report concerning the Company's
business outlook or future economic performance, anticipated profitability,
revenues, expenses or other financial items, together with other statements that
are not historical facts, are "forward-looking statements" as that term is
defined under the federal securities laws. Forward-looking statements are
subject to risks, uncertainties and other factors that could cause actual
results to differ materially from those states in such statements. Such risks,
uncertainties and factors include, but are not limited to, changes in the levels
of advertising revenues, changes and delays in new product introductions,
customer acceptance of new products and general economic conditions, as well as
other risks detailed in the Company's filings with the Securities and Exchange
Commission.

OVERVIEW

         The following discussion compares the financial results of the Company
for the three and six months ended June 30, 2001 to the three and six months
ended June 30, 2000.

         In February 2000, the Company discontinued publication of four of its
weekly newsletters. In July 2000, the Company discontinued publication of the
remaining two weekly newsletters.

         On March 28, 2000, the Company sold the business of the Company and
certain of the Company's wholly-owned subsidiaries constituting The Daily Deal
and Corporate Control Alert (the "Business") to The Deal, L.L.C., a limited
liability company (the "Purchaser"), owned by substantially all of the same
stockholders as Holdings. The consideration for the sale was $7.5 million in
cash and $2.5 million face amount of a membership interest in the Purchaser (the
"Preferred Membership Interest"). The Preferred Membership Interest is included
in Other Assets on the Balance Sheet. The Preferred Membership Interest accrues
at 12.25% compounded annually and is convertible into 3.0% of the common equity
of the Purchaser. In addition, the Purchaser paid the Company $1.68 million,
representing the aggregate amount of operating losses incurred by the Company in
connection with the operation of the Business for the month of March 2000. Due
to the entire nature of the transaction, the Company has fully reserved against
the Preferred Membership Interest from inception to the dividend date in Other
Assets on the Balance Sheet.

         On May 15, 2000, the Company consummated the acquisition of
substantially all of the assets and certain of the liabilities of Moran
Publishing Company, Inc., the leading publisher of jury verdict and settlement
research data in New York State.

         On December 27, 2000, the Company consummated the acquisition of rights
and related assets relating to two leading regional trade shows in the United
Kingdom from Nationwide Exhibitions (UK) Ltd. Under the agreement, the Company
has purchased rights and related assets for Solicitors, The National Legal
Office and Legal Services Exhibition and The National Accountancy Exhibition.

                                       12
<PAGE>   15
         On January 31, 2001, the Company consummated the acquisition
substantially all of the assets of and certain of the liabilities of Haslam
Publications ("Haslam"), the leading publisher of jury verdict and settlement
research data in California.

         During the second quarter of 2001, the Company recorded a one-time
restructuring charge of $1.7 million resulting from the elimination of 70 full
time positions including the Company's Chief Financial Officer. Restructuring
component costs primarily consisted of severance, related payroll taxes and
outside consulting services. At June 30, 2001, $0.4 million was charged against
the recorded accrual.

         During the second quarter of 2001, the Company recorded a permanent
impairment of $4.7 million on its private equity investments.

RESULTS OF OPERATIONS

         Six Months Ended June 30, 2001 Compared to Six Months Ended June 30,
2000

         Overview. Revenues decreased by $2.7 million, or 3.4%, from $79.5
million for the six months ended June 30, 2000 to $76.8 million for the six
months ended June 30, 2001. Total operating costs and expenses decreased $2.5
million, or 3.1%, from $80.9 million for the six months ended June 30, 2000 to
$78.4 million for the six months ended June 30, 2001. As a result, the net
operating loss totaled $1.6 million for the six months ended June 30, 2001 as
compared to a net operating loss of $1.4 million for the six months ended June
30, 2000. "EBITDA" is defined as income before interest, income tax,
depreciation and amortization and other (loss) income. EBITDA increased $0.5
million, or 4.1%, from $12.9 million for the six months ended June 30, 2000 to
$13.4 million for the six months ended June 30, 2001. Total operating costs and
EBITDA for 2001 include a $1.7 million pre-tax charge resulting from the
restructuring within the Company. Excluding this restructuring charge, total
operating costs during the current year would have decreased $4.2 million, or
5.2%, and EBITDA would have increased $2.2 million, or 17.2%, during the current
year over the same period during the prior year. Excluding the restructuring
charge, the operating profit and the increase in EBITDA during 2001 resulted
primarily from operating costs declining at a quicker pace than revenue.

          Revenue declines for the six months ended June 2001 from the six
months ended June 30, 2000 primarily resulted from lower content licensing fees
and royalty fees, the elimination of $0.5 million of revenue resulting from the
sale of The Daily Deal in the first quarter of 2000 and the discontinuation of
the weekly newsletter division in 2000 along with declines in advertising and
subscription revenue. Partially offsetting this decline are increased revenues
realized in new publications and the Company's acquisitions during 2000 and
2001. Lower operating costs during 2001 were realized in the editorial, selling
and general and administrative expense categories partially offset by higher
production expense along with increased depreciation and amortization. Lower
operating costs primarily resulted from the sale of The Daily Deal and the
discontinuation of the weekly newsletter division, direct cost related to the
reduction of revenue and cost containment efforts by the Company. This decrease
in operating costs was partially offset by increased costs related to new
publications and acquisitions made during 2000 and 2001 along with the
restructuring charge recorded in June 2001.

         Revenues. Advertising revenues decreased $0.4 million, from $45.0
million for the six months ended June 30, 2000 to $44.6 million for the six
months ended June 30, 2001. The year over year decline in advertising revenue
primarily resulted from a decrease in classified advertising revenue of $2.0
million across all of the Company's core publications. Also contributing to this
decline was a decrease in legal notice advertising of $0.2 million during the

                                       13
<PAGE>   16
six months ended June 30, 2001 as compared to the same period last year.
Partially offsetting these declines were strong growth in law firm advertising,
which grew $1.6 million, or 34.0%, from $4.8 million for the six months ended
June 30, 2000 to $6.5 million for the six months ended June 30, 2001 along with
increases in directories and consumer advertising. Growth in law firm
advertising resulted primarily from increased advertising pages, increased
frequency in two publications and new publications in 2001.

         Subscription revenues decreased $0.3 million, or 2.7%, from $11.9
million for the six months ended June 30, 2000 to $11.6 million for the six
months ended June 30, 2001. The decline in subscription revenue in 2001 resulted
primarily from slight declines throughout all of the Company's publications.

         Revenues from ancillary products decreased $2.0 million, or 8.7%, from
$22.7 million for the six months ended June 30, 2000 to $20.7 million for the
six months ended June 30, 2001. A decline in revenue from ancillary products
resulted primarily from lower content licensing and royalty fees and lower
domestic seminar and tradeshow revenue due to a decline in attendance. This
decline was partially offset by year over year revenue growth in information
services and overseas tradeshows acquired during 2000 and 2001.

         Operating costs and expenses. Total operating costs and expenses
decreased $2.5 million, or 3.1%, from $80.9 million for the six months ended
June 30, 2000 to $78.4 million for the six months ended June 30, 2001. Lower
operating costs during 2001 were realized in the editorial, selling and general
and administrative expense categories but were partially offset by higher
production and distribution costs along with increased depreciation and
amortization. Included in operating costs for 2001 is a one time restructuring
charge of $1.7 million. Excluding this charge, total operating costs decreased
$4.2 million, or 5.2%. Lower operating costs of $6.2 million primarily resulted
from the sale of The Daily Deal and the discontinuation of the weekly newsletter
division, along with savings from cost containment efforts by the Company. This
decrease in operating costs was partially offset by increased costs related to
new publications and acquisitions made during 2000 and 2001. The new
acquisitions commenced in 2000 and 2001 are fully reflected in the results for
the six months ended June 30, 2001, while the results for the six months ended
June 30, 2000 only had a portion of those expenses.

         Editorial expenses decreased $1.9 million, or 13.9%, from $13.7 million
for the six months ended June 30, 2000 to $11.8 million for the six months ended
June 30, 2001. The decrease primarily resulted from reduced editorial costs of
$2.5 million from the sale of The Daily Deal and Corporate Control Alert in
early 2000 along with the discontinuation of the weekly newsletter division in
2000. This decrease was partially offset by increased costs of $0.5 million
related to new publications and acquisitions made during 2000 and 2001.

         Production and distribution expenses increased $0.5 million, or 3.3%,
from $16.1 million for the six months ended June 30, 2000 to $16.6 million for
the six months ended June 30, 2000. The increase was primarily due to higher
costs of $1.3 million for new publications and acquisitions made during 2000 and
2001. Partially offsetting these increased costs were lower costs of $0.7
million from the sale of The Daily Deal and Corporate Control Alert in early
2000 along with the discontinuation of the weekly newsletter division in 2000.

         Selling expenses decreased $1.8 million, or 10.6%, from $16.6 million
for the six months ended June 30, 2000 to $14.8 million for the six months ended
June 30, 2001. The decrease was primarily attributable to lower selling costs of
$1.3 million from the sale of The Daily Deal and Corporate Control Alert in
early 2000 along with the discontinuation of the weekly newsletter

                                       14
<PAGE>   17
division in 2000, which primarily reduced display advertising, circulation and
telemarketing selling expenses. In addition, lower overall circulation costs
throughout the Company were incurred, partially offset by increased costs
related to new publications and acquisitions made during 2000 and 2001.

         General and administrative expenses decreased $0.1 million, or 0.6%,
from $20.3 million for the six months ended June 30, 2000 to $20.2 million for
the six months ended June 30, 2001. Included in general and administrative
expense for 2001 is the one time restructuring charge of $1.7 million. Excluding
this charge, general and administrative expense decreased $1.8 million, or 8.8%.
The decrease resulted from savings of $1.6 million from the sale of The Daily
Deal in the first quarter of 2000 and the discontinuation of the weekly
newsletter division. In addition, a reduction in corporate salaries and
incentives, bad debt and consulting costs contributed to the expense reduction
in 2001. Partially offsetting these reductions were higher costs related to new
publications and acquisitions made during 2000 and 2001 along with increased
legal and professional fees.

         Depreciation and amortization increased $0.7 million, or 5.1%, from
$14.3 million for the six months ended June 30, 2000 to $15.0 million for the
six months ended June 30, 2001. Higher depreciation and amortization resulted
from system enhancements and upgrades, facilities and equipment modernization,
along with computer equipment purchases throughout 2000 and 2001. Acquisitions
in 2000 and the first quarter of 2001 also contributed to the year-over-year
increase in this category.

         Operating loss. As a result of the above factors, operating loss
totaled $1.6 million for the six months ended June 30, 2001 as compared to an
operating loss of $1.4 million for the six months ended June 30, 2000. EBITDA
increased $0.5 million, or 4.1%, from $12.9 million for the six months ended
June 30, 2000 to $13.4 million for the six months ended June 30, 2001. Excluding
the 2001 restructuring charge, the Company would have recorded an operating
profit of $0.1 million and EBITDA would have increased $2.2 million, or 17.2%
during the six months ended June 30, 2001 over the same period during the prior
year.

         Three Months Ended June 30, 2001 Compared to Three Months Ended June
30, 2000

         Overview. Revenues decreased by $2.9 million, or 7.1%, from $40.7
million for the quarter ended June 30, 2000 to $37.8 million for the quarter
ended June 30, 2001. Total operating costs and expenses increased $2.0 million,
or 5.4%, from $38.1 million for the quarter ended June 30, 2000 to $40.1 million
for the quarter ended June 30, 2001. As a result, the net operating loss totaled
$2.3 million for the quarter ended June 30, 2001 as compared to an operating
profit of $2.6 million for the quarter ended June 30, 2000. EBITDA decreased
$4.5 million, or 46.3%, from $9.7 million for the quarter ended June 30, 2000 to
$5.2 million for the quarter ended June 30, 2001. Total operating costs and
EBITDA for the quarter ended June 30, 2001 include a $1.7 million pre-tax charge
resulting from the restructuring within the Company. Excluding this
restructuring charge, total operating costs would have increased $0.4 million,
or 1.0% and EBITDA would have decreased $2.8 million, or 29.1% during the
quarter ended June 30, 2001 over the same period of the prior year. Excluding
the restructuring charge, the operating loss of $0.6 million and the decrease in
EBITDA during 2001 resulted primarily from the decline in total revenue.

          Revenue declines for the quarter ended June 30,2001 from the quarter
ended June 30, 2000 primarily resulted from lower content licensing fees and
royalty fees, declines in advertising and subscription revenue and the
discontinuation of the weekly newsletter division. Partially offsetting this

                                       15
<PAGE>   18
decline are increased revenues from new publications and the Company's
acquisitions during 2000 and 2001. Higher operating costs during the three
months ended June 30, 2001 over the same period of the prior year primarily
resulted from a restructuring charge recorded in the second quarter of this
year along with increased costs related to new publications and acquisitions
made during 2000 and 2001 and increased depreciation and amortization. These
increases in operating costs were partially offset by lower editorial and
selling expenses.

         Revenues. Advertising revenues decreased $0.6 million, or 2.8%, from
$23.2 million for the quarter ended June 30, 2000 to $22.6 million for the
quarter ended June 30, 2001. The decline in advertising revenue primarily
resulted from a decrease in classified advertising revenue of $1.5 million
across all of the Company's core publications. Also contributing to this decline
was a decrease in legal notice advertising of $0.3 million during the quarter
ended June 30, 2001 as compared to the same period last year. Partially
offsetting these declines were strong growth in law firm advertising, which grew
$0.9 million, or 34.4%, from $2.5 million for the quarter ended June 30, 2000 to
$3.4 million for the quarter ended June 30, 2001 along with increases in
directories and consumer advertising revenue. Growth in law firm advertising
revenues resulted primarily from increased advertising pages, increased
frequency in two publications and new publications in 2001.

         Subscription revenues decreased $0.2 million, or 3.3%, from $6.0
million for the quarter ended June 30, 2000 to $5.8 million for the quarter
ended June 30, 2001. The decline in subscription revenue in 2001 resulted
primarily from slight declines throughout all of the Company' s publications.

         Revenues from ancillary products decreased $2.0 million, or 17.7%, from
$11.4 million for the quarter ended June 30, 2000 to $9.4 million for the
quarter ended June 30, 2001. A decline in revenue from ancillary products
resulted primarily from lower content licensing and royalty fees, lower book
revenue due to timing of book releases and lower domestic seminar and tradeshow
revenue due to a decline in attendance. This decline was partially offset by
revenue growth in information services, overseas tradeshows acquired during 2000
and 2001.

         Operating costs and expenses. Total operating costs and expenses
increased $2.0 million, or 5.4%, from $38.1 million for the quarter ended June
30, 2000 to $40.1 million for the quarter ended June 30, 2001. Higher operating
costs during the second quarter of 2001 as compared to the second quarter of
2000 resulted primarily from a $1.7 million restructuring charge recorded in
June 2001 along with increased costs related to new publications and
acquisitions made during 2000 and 2001 and increased depreciation and
amortization. These increases in operating costs were partially offset by lower
editorial and selling expenses. Excluding the restructuring charge, total
operating costs increased $0.4 million, or 1.0%.

         Editorial expenses decreased $0.2 million, or 3.3%, from $6.0 million
for the quarter ended June 30, 2000 to $5.8 million for the quarter ended June
30, 2001. The decrease resulted from reduced editorial costs due to the
discontinuation of the weekly newsletter in 2000.

         Production and distribution expenses remained flat at $7.9 million for
both quarters ended June 30, 2000 and June 30, 2001. Although there was no
overall change in this category, increased costs of $0.6 million were recorded
from new publications and acquisitions made during 2000 and 2001 and were fully
offset by lower mechanical and distribution costs from the Company's book and
tradeshow divisions and various other publications.

                                       16
<PAGE>   19
         Selling expenses decreased $0.5 million, or 6.7%, from $7.7 million for
the quarter ended June 30, 2000 to $7.2 million for the quarter ended June 30,
2001. The decrease was primarily attributable to lower selling costs of $0.1
million from the discontinuation of the weekly newsletter division in 2000,
lower classified advertising costs resulting from declines in classified revenue
along with reduced circulation and general marketing costs. Partially offsetting
this decline were higher costs of $0.2 million related to new publications and
acquisitions made during 2000 and 2001.

         General and administrative expenses increased $2.3 million, or 25.0%,
from $9.4 million for the quarter ended June 30, 2000 to $11.7 million for the
quarter ended June 30, 2001. Included in general and administrative expense for
the second quarter 2001 is a restructuring charge of $1.7 million. Excluding
this charge, general and administrative expense increased $0.7 million, or 7.1%.
The increase resulted primarily from higher costs of $0.7 million related to new
publications and acquisitions made during 2000 and 2001, along with increased
legal and professional fees. These increases were partially offset by lower
corporate salary and incentive costs and savings from the discontinuation of the
weekly newsletter division in 2000.

         Depreciation and amortization increased $0.4 million, or 5.7%, from
$7.1 million for the quarter ended June 30, 2000 to $7.5 million for the quarter
ended June 30, 2001. Higher depreciation and amortization resulted from system
enhancements and upgrades, facilities and equipment modernization, along with
computer equipment purchases throughout 2000 and 2001. Acquisitions in 2000 and
the first quarter of 2001 also contributed to the year-over-year increase in
this category.

         Operating loss. As a result of the above factors, the operating loss
totaled $2.3 million for the quarter ended June 30, 2001 as compared to an
operating profit of $2.6 million for the quarter ended June 30, 2000. EBITDA
decreased $4.5 million, or 46.3%, from $9.7 million for the quarter ended June
30, 2000 to $5.2 million for the quarter ended June 30, 2001. Total operating
loss and EBITDA for the quarter ended June 30, 2001 include a $1.7 million
pre-tax charge resulting from the restructuring within the Company. Excluding
this restructuring charge, the Company would have recorded an operating loss of
$0.6 million and EBITDA would have decreased $2.8 million, or 29.1% during the
second quarter of 2001 over the same period during 2000.

LIQUIDITY AND CAPITAL RESOURCES

         Capital expenditures. Capital expenditures decreased $1.8 million, or
51.8%, from $3.5 million for the six months ended June 30, 2000 compared to $1.7
million for the six months ended June 30, 2001. Capital expenditures for the
2000 period included costs of $0.4 million attributable to the Business prior to
its sale and higher costs relating to the initial outlay for the Company's
investment in new editorial and advertising systems to support new initiatives
and the expansion of existing products. Capital expenditures for 2001 primarily
result from database development, enhancements to existing computer systems and
facilities and equipment modernization.

         Net cash used in operating activities. Net cash used in operating
activities was $2.7 million for the six months ended June 30, 2001, which
primarily reflects a net loss of $18.5 million, a decrease in accounts payable
and accrued expenses of $3.6 million and a decrease in other non-current
liabilities of $1.9 million. This use of cash was partially offset by
depreciation and amortization of $15.0 million, a decrease of $4.7 million in
investment of private equity securities, a decrease in other assets of


                                       17
<PAGE>   20
$0.6 million, a decrease in accounts receivable of $1.2 million and an
increase in non-cash interest of $0.5 million.

         Net cash used in investing activities. Net cash used in investing
activities was $7.6 million for the six months ended June 30, 2001, resulting
from the Haslam acquisition in January 2001 and capital expenditures made during
the 2001 period.

          Net cash provided by financing activities. Net cash provided by
financing activities totaled $9.6 million for the six months ended June 30,
2001, which primarily reflects a net drawdown of $6.7 million under the
Company's Revolving Credit Facility along with the accretion of interest on the
Company's senior discount notes.

         The Company maintains a $29.0 million credit facility with various
lending institutions. At June 30, 2001 the Company had $27.2 million of
borrowings outstanding and accrues interest as described in Note 3 to the
Consolidated Financial Statements. For details regarding the terms of the
Revolving Credit Facility, see Note 3 to the Consolidated Financial Statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         See Note 3 to the Consolidated Financial Statements.

                                       18
<PAGE>   21
                                     PART II
                                OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

         The Company is a party to various litigation matters incidental to the
conduct of its business. The Company does not believe that the outcome of any of
the matters in which it is currently involved will have a material adverse
effect on its financial condition or the results of its operations.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS

         None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

         None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         None.

ITEM 5. OTHER INFORMATION

         None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

         (a) Exhibits.

         None.

         (b) Reports on Form 8-K.

         None.


                                       19
<PAGE>   22
                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                   AMERICAN LAWYER MEDIA HOLDINGS, INC.

                   August 14, 2001    /s/ WILLIAM L. POLLAK
                                    ---------------------------------
                                            William L. Pollak
                                    President and Chief Executive Officer

                   August 14, 2001    /s/ STEPHEN C. JACOBS
                                    ---------------------------------
                                              Stephen C. Jacobs
                                    Vice President and Chief Financial Officer