LexisNexis Completes Acquisition of Belgian Gen AI Startup Henchman
Lexis intends to integrate Henchman's generative AI technology into it's Lexis+ AI and Lexis Create platforms.
July 22, 2024 at 07:01 AM
2 minute read
Mergers and Acquisitions
On Monday, LexisNexis announced that it has completed its acquisition of Belgian contract drafting startup Henchman. The legal research provider first announced an agreement to acquire Henchman, which provides generative AI-powered contract drafting and negotiation technology, in early June.
At the time, Lexis noted that it moved to acquire Henchman in response to customer demand for additional capabilities. "Now, we'll be able to address one of our legal customers' top requests—to have searchable internal firm and corporation data, combined with our drafting and AI offerings," Jeff Pfeifer, the chief product officer of LexisNexis, Canada, U.K. and U.S., told Legaltech News in a statement.
Lexis noted in June that that upon completion of the acquisition, it intended to integrate its proprietary Retrieval Augmented Generation 2.0 (RAG 2.0), leveraged in its generative artificial intelligence platform Lexis+ AI, into Henchman's technology.
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