Henchman

Overview
News
LegalTech?
Product stageSegments
Early
?
Contract management
?

Henchman is a legal technology company based in Belgium that provides an intelligent contract drafting solution. Its core offering is a Microsoft Word add-in that enables legal professionals to draft contracts faster by suggesting relevant clauses and definitions from their organization's existing document database.

The platform works by indexing and enriching contract documents stored in a company's document management system (DMS) at the clause level. When drafting a new contract, Henchman surfaces relevant clauses and precedents from the indexed data, allowing users to quickly find and repurpose previously written content. This eliminates the need for time-consuming manual searches through multiple files and folders.

Henchman's technology is language and system agnostic, compatible with both legal-specific DMS providers and general enterprise content management systems. It mirrors user permissions from the DMS, ensuring that the right practice groups have access to the appropriate sources while maintaining data security and privacy.

The solution requires minimal setup effort and can be deployed within days, enabling customers to leverage their existing contract databases – even those containing millions of documents – without any tedious manual categorization. Since its launch in June 2021, Henchman has experienced rapid adoption, achieving 750% revenue growth and attracting over 170 customers across 15 countries by June 2024.

In June 2024, Henchman announced its acquisition by LexisNexis Legal & Professional, a leading provider of legal information and analytics solutions. The acquisition aims to combine Henchman's document enrichment capabilities with LexisNexis' drafting guidance content and generative AI technologies, delivering personalized drafting solutions to customers worldwide.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Moutstraat 62 Ghent BEL
Founded year:
2020
Employees:
11-50
IPO status:
Private
Total funding:
USD 11.6 mn
Last Funding:
USD 6.9 mn (Series A; Mar 2023)
Last valuation:
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