By acquiring Henchman, LexisNexis will deliver personalized generative AI solutions to customers around the world. The acquisition will combine Henchman’s Document Management System data enrichment with trusted LexisNexis drafting guidance content to deliver a personalized generative AI experience.
LexisNexis has immediate plans to utilize the new technology with its proprietary Retrieval Augmented Generation 2.0 (RAG 2.0) platform in its flagship Lexis+ AI solution and Lexis® Create. In Lexis+ AI, Henchman will enable the use of trusted customer data as grounding data for generative AI drafting. Henchman’s capabilities will also be added to Lexis® Create, the Microsoft 365 add-in solution that enables point-of-workflow integration for generative AI drafting in Microsoft Word, Outlook, Teams and Copilot.
Closing of the transaction is subject to customary regulatory consents and is expected early in the second half of 2024.
The union of LexisNexis and Henchman is an extension of our drafting vision to proactively surface valuable and strategic insights for customers – delivering a center of knowledge to legal teams. We believe the combination of our teams and technology will allow customers to make informed decisions faster, generate better work product, and drive economic value for their organizations.
Henchman, with its focus on creating a layer of intelligence on contract databases to accelerate drafting tasks, will enhance LexisNexis plans to deliver personalized generative AI solutions to customers around the world. Henchman core product functionality will be available to existing and new customers. Customers can expect to see the benefits of our product plans later in 2024.