LexisNexis Legal & Professional, a renowned information and analytics company based in New York, has recently announced its acquisition of Henchman, a legal tech company hailing from Ghent, Belgium. This strategic move aims to revolutionize the field of legal technology and provide groundbreaking solutions to customers worldwide.
Henchman, founded in 2020 by Gilles Mattelin, Jorn Vanysacker, and Wouter Van Respaille, has quickly gained recognition for its innovative approach to improving data from Document Management Systems (DMS). By employing their technology, legal professionals can draft documents with greater speed and efficiency.
The co-founder of Henchman, Gilles Mattelin, expressed his excitement about the acquisition, stating that the union with LexisNexis expands their vision of providing valuable and strategic insights to customers. It will enable their team to deliver a comprehensive knowledge hub to legal professionals, empowering them to make informed decisions quickly and add significant economic value to their organizations.
This acquisition marks an important milestone for LexisNexis, as it plans to leverage Henchman’s advanced technology in generative artificial intelligence (AI) solutions. By integrating Henchman’s core features, LexisNexis aims to offer personalized and cutting-edge AI solutions to both existing and new customers, revolutionizing the way legal teams approach their work.
The deal is expected to close in the early second half of 2024, pending regulatory approvals. While the specific terms of the transaction remain undisclosed, this acquisition sets the stage for a transformative era in the legal tech industry. With LexisNexis and Henchman working hand in hand, legal professionals can look forward to enhanced productivity, efficiency, and innovation in their day-to-day operations.