Henchman
by LexisNexis (Previous known as Henchman)
Henchman adds an intelligent layer on top of its clients’ existing contract database, making it ideal for their legal professionals to tap into their team’s collective expertise and to help modern-day organizations scale their legal excellence. By centralizing past clauses and definitions paired with contextual data, it eliminates time-consuming tasks and allows lawyers to focus on adding value and expertise that amazes clients.
The solution has AI-powered capabilities, backed by a multi-LLM approach, that allows clients to translate clauses, automatically change verbiage (eg. single to plural, or vice versa), and instantly enrich existing clauses during the drafting process. Henchman is available within any legal professionals trusted Microsoft environment: Word, Outlook, and Copilot.
Henchman differentiates itself by:
- Delivering dynamic knowledge management, without requiring manual set up and maintenance.
- Being language-agnostic, making the solution equally performant in all languages.
- Having the most secure and user-friendly interface, being ISO 27001 certified, SOC 2 compliant, and designed for GDPR.
- Working with an all-star team of individuals, all with previous experience in Software-as-a-Service they can apply to deliver the best possible customer experience.
- A dedicated customer success organization partnering with you from day one. Frequent check-ins will make sure you’re on track with your business goals, and their continuous feedback loops will make sure we focus on what matters most.
With Henchman, law firms can securely apply AI to their data.
Legal professionals can now avoid tedious, line-by-line reviews, searching for precedents, and seeking inspiration for necessary revisions to ensure fair treatment for all parties. Henchman’s multi-LLM approach saves them countless hours by quickly understanding contract terms and conditions, highlighting risks or relevant information, and making necessary adjustments for fairness.
Identify Commonalities & compare clauses
Users can assess the prevalence of clauses and definitions across their entire database and quickly identify any outliers.
Similarity Search
Relevant precedents are suggested directly from a user's database, enabling the discovery of similar cases through semantic search. Additionally, clause variations within the same theme provide further inspiration, aiding in developing customized legal documents.
Intelligently interact with your contracts
Users can leverage proactive suggestions to gain insights or conclusions using any prompt. Complex clauses are explained in plain English, and there are options to view side-by-side causal relationships and more.
Henchman experienced 1300% growth this past year and a half, has hundreds of customers across 5 continents, and recently won British Legal Tech Forum's ‘Legal AI Supplier of the Year’-award and ALM's Legal Innovation & Technology Product of the Year award, and has been acquired by LexisNexis.
Funding Information:
Henchman has raised a total of €10.5M ($11.4M) in funding over 4 rounds. Their latest funding was raised on Mar 2, 2023 from a Series A round from Acton Capital, Adjacent, Bram Couvreur, Conviction VC, Felix Van De Maele, Louis Jonckheere, and Pieterjan Bouten.
Previous funding rounds include:
- €2,000,000 Seed from Frederik Vandermarlie, Lorenz Bogaert, Pitchdrive, and Wim De Waele in Feb 2022
- €1,000,000 Seed from Alex Segers and Tim Clauwaert in May 2021
- €1,000,000 Pre Seed in Dec 2020