LexisNexis Completes Acquisition of Henchman

iCrowdNewswire

Jul 22, 2024

Acquisition enables legal customers to extract key insights from internal data and combine trusted LexisNexis content and AI capabilities for personalized generative AI drafting experience

NEW YORK – LexisNexis® Legal & Professional, a leading global provider of information and analytics, today announced it has completed its acquisition of Henchman, a legal tech company that enriches data from Document Management Systems (DMS) for faster document drafting. Belgium-based Henchman has 170+ legal and corporate customers globally including top U.S. and European law firms and companies.

As previously announced on June 3, 2024, Henchman’s advanced technology enables law firms and corporations to quickly extract insights from their internal data repositories. LexisNexis will combine this technology with its own AI technology, trusted content, and drafting guidance to deliver new, personalized generative AI drafting solutions in products including Lexis+ AI and Lexis® Create.

“LexisNexis and Henchman share a vision of transforming legal work with personalized AI solutions,” said Mike Walsh, CEO LexisNexis Legal & Professional. “Together, our teams will make it easier and faster for customers to deliver high-quality legal work using generative AI that is grounded in both their internal firm data and LexisNexis content and tools. Customers asked for this capability, and we are delighted to answer. The acquisition will provide exciting new ways for customers to create value for their clients, as well as their organizations, using legal AI specifically tailored to their needs.”

LexisNexis is responsibly developing legal AI solutions with human oversight. LexisNexis, part of RELX, follows the RELX Responsible AI Principles, considering the real-world impact of its solutions on people and taking action to prevent the creation or reinforcement of unfair bias.

Lexis+ AI delivers trusted results with state-of-the-art encryption and privacy technology to keep data secure. Using an extensively enhanced LexisNexis proprietary Retrieval Augmented Generation 2.0 platform, Lexis+ AI responses are grounded in the world’s largest repository of up-to-date legal content which ensures the highest-quality answer with the most up-to-date validated citation references. Uploaded documents are always purged at the end of each session and users can easily manage or delete their prompt conversation history.

The solution is continually improving with hundreds of thousands of rated answer samples by LexisNexis legal subject matter experts used for model tuning. LexisNexis employs over 2,000 technologists, data scientists, and subject matter experts to develop, test, and validate its solutions and deliver comprehensive, authoritative information.

To learn about Henchman and LexisNexis’ ongoing development and be among the first to learn about new personalized generative AI drafting capabilities, visit www.lexisnexis.com/henchman-DMS.

For more information on Lexis+ AI and our generative AI resources for legal professionals, visit www.lexisnexis.com/ai.

About LexisNexis Legal & Professional
LexisNexis® Legal & Professional provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 11,800 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
 
Media Contact
Dana Greenstein
Director of Communications, North America & UK
LexisNexis Legal & Professional
212-448-2163
dana.greenstein@lexisnexis.com

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LexisNexis Completes Acquisition of Henchman

Nexis Newswire

Jul 22, 2024

Acquisition enables legal customers to extract key insights from internal data and combine trusted LexisNexis content and AI capabilities for personalized generative AI drafting experience

NEW YORK – LexisNexis® Legal & Professional, a leading global provider of information and analytics, today announced it has completed its acquisition of Henchman, a legal tech company that enriches data from Document Management Systems (DMS) for faster document drafting. Belgium-based Henchman has 170+ legal and corporate customers globally including top U.S. and European law firms and companies.

As previously announced on June 3, 2024, Henchman’s advanced technology enables law firms and corporations to quickly extract insights from their internal data repositories. LexisNexis will combine this technology with its own AI technology, trusted content, and drafting guidance to deliver new, personalized generative AI drafting solutions in products including Lexis+ AI™ and Lexis® Create.

“LexisNexis and Henchman share a vision of transforming legal work with personalized AI solutions,” said Mike Walsh, CEO LexisNexis Legal & Professional. “Together, our teams will make it easier and faster for customers to deliver high-quality legal work using generative AI that is grounded in both their internal firm data and LexisNexis content and tools. Customers asked for this capability, and we are delighted to answer. The acquisition will provide exciting new ways for customers to create value for their clients, as well as their organizations, using legal AI specifically tailored to their needs.”

LexisNexis is responsibly developing legal AI solutions with human oversight. LexisNexis, part of RELX, follows the RELX Responsible AI Principles, considering the real-world impact of its solutions on people and taking action to prevent the creation or reinforcement of unfair bias.

Lexis+ AI delivers trusted results with state-of-the-art encryption and privacy technology to keep data secure. Using an extensively enhanced LexisNexis proprietary Retrieval Augmented Generation 2.0 platform, Lexis+ AI responses are grounded in the world’s largest repository of up-to-date legal content which ensures the highest-quality answer with the most up-to-date validated citation references. Uploaded documents are always purged at the end of each session and users can easily manage or delete their prompt conversation history.

The solution is continually improving with hundreds of thousands of rated answer samples by LexisNexis legal subject matter experts used for model tuning. LexisNexis employs over 2,000 technologists, data scientists, and subject matter experts to develop, test, and validate its solutions and deliver comprehensive, authoritative information.

To learn about Henchman and LexisNexis’ ongoing development and be among the first to learn about new personalized generative AI drafting capabilities, visit www.lexisnexis.com/henchman-DMS.

For more information on Lexis+ AI and our generative AI resources for legal professionals, visit www.lexisnexis.com/ai.

About LexisNexis Legal & Professional
LexisNexis® Legal & Professional provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 11,800 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
 
Media Contact
Dana Greenstein
Director of Communications, North America & UK
LexisNexis Legal & Professional
212-448-2163
dana.greenstein@lexisnexis.com

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