Law & Company Teams Up with Upstage to Boost Legal AI Services
The legal services market is expected to grow at an annual rate of 4.5% until 2030, reaching a staggering $952.29 billion. In this rapidly expanding market, Law & Company, the operator of the legal services platform LawTalk, has partnered with Upstage Co., an artificial intelligence (AI) startup, to expand its presence in South Korea.
Law & Company partners with Upstage to boost legal AI services
This strategic partnership comes as U.S.-based LexisNexis is set to launch its AI solution in Korea next week. Upstage is known for developing SOLAR, a large language model (LLM) AI, which clinched the top spot in the Open LLM Leaderboard of Hugging Face, the world’s largest AI platform.
“The collaboration is perceived within the legal tech industry as a strategic move to leverage LawTalk’s vast repository of legal data, including over 4.43 million court precedents and a wealth of legislation and authoritative interpretations totaling 160,000 records.”
The joint development of a pre-trained LLM SOLAR Legal, tailored specifically for the Korean legal domain, is scheduled for release in June. This concerted effort aims to maintain leadership in the domestic market without ceding ground to global competitors.
Law & Company aims to secure a distinct competitive advantage in the field of legal AI
By integrating SOLAR Legal into LawTalk’s services, Law & Company plans to accelerate global market penetration through the legal AI alliance. This move is expected to revolutionize the legal services market, providing a competitive edge in the industry.
Law & Company plans to accelerate global market penetration through the legal AI alliance
In conclusion, the partnership between Law & Company and Upstage marks a significant milestone in the legal tech industry. As the legal services market continues to grow, it will be exciting to see how this collaboration shapes the future of legal AI services.
The partnership between Law & Company and Upstage marks a significant milestone in the legal tech industry
