Harvey has announced its acquisition of New York-based Benchmark, a decision infrastructure platform for asset management. Benchmark helps investors make better decisions by capturing their institutional knowledge and turning it into an edge on new deals, they said.
However, Harvey’s CEO Winston Weinberg told Artificial Lawyer this afternoon that this was not a move beyond legal, but rather it is aimed at helping with legal work connected to the asset management field – a fast-growing area for the company.
Harvey already works with 50 asset management firms, including Blue Owl Capital, Bridgewater Associates, and KKR, on workflows such as investment due diligence, data room analysis, and deal document review, they added.
Benchmark’s co-founders, Alec Dunn and Connor Janson, and their team will join Harvey’s product and engineering organization. This marks Harvey’s third acquisition of 2026 and follows a record Q2, in which Harvey added more than $100 million in net-new ARR, they said.
Benchmark extends Harvey across the full deal process, from first screen to investment committee. Benchmark’s platform is already trusted by firms representing more than $2 trillion in assets under management. Benchmark’s investors included Y Combinator and the Outsiders Fund.
Harvey’s Weinberg also commented: ‘When we asked our asset management customers which tools they trusted, Benchmark came up in nearly every conversation. Benchmark is built on a conviction we share: a firm’s edge is its institutional knowledge, and AI should help firms capture that knowledge and apply it. We’re proud to welcome Benchmark to Harvey.’
Benchmark co-founders Alec Dunn and Connor Janson, said: ‘We started Benchmark because a firm’s edge lives in the deals it has already seen, and too much of that knowledge stays trapped in folders and in people’s heads. We’ve helped some of the best investment firms in the world put that knowledge to work. Harvey is one of the best application layer companies in the AI space and we already have shared customers, so this is a natural fit.’
Is this a big deal?
Well, as noted, this is one of several M&A deals, although of relatively smaller companies compared to Harvey. Main rival Legora has also made multiple purchases of smaller startups, and in their case some are helping them to move into legally adjacent areas of work.
In this case, as Weinberg stressed, Harvey is not seeking to go beyond legal, it’s just that asset management generates a solid stream of legal work and they seem to be doing very well with lawyers who work on such matters.
More about Harvey here.
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Two Major Legal Innovators Conferences this November
Come and join us in New York and London this November at Legal Innovators!
Legal Innovators UK – London, Nov 4 and 5
And, then Legal Innovators New York – Nov 17 and 18.
After another fantastic Legal Innovators California, where we had speakers from OpenAI, Y Combinator, Google, Meta, and many more pioneering organisations; and our stellar inaugural event in Paris this June, we are now looking forward to the landmark conferences in London and New York, both in November, and both across two days: Law Firm Day, and Inhouse Day.
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