Law&Company Partners with Upstage to Revolutionize Legal AI Services
In a groundbreaking move, Law&Company Co., the operator of the legal services platform LawTalk, has joined forces with AI startup Upstage Co. to enhance its footprint in South Korea.
The collaboration comes at a pivotal moment as the renowned U.S.-based LexisNexis prepares to introduce its AI solution to the Korean market next week.
legal AI services
The Rise of SOLAR: Upstage’s Leading Language Model
Upstage has made waves in the AI landscape with the development of SOLAR, a cutting-edge large language model (LLM) AI. SOLAR recently claimed the top position on the Open LLM Leaderboard of Hugging Face, a prominent AI platform globally.
Tailored Innovation: Introducing SOLAR Legal for the Korean Legal Domain
Law&Company revealed on Tuesday its collaborative effort with Upstage to create a pre-trained LLM SOLAR Legal, specifically designed for the Korean legal sector.
The launch of SOLAR Legal is slated for June, underscoring a dedicated approach to maintaining market leadership in Korea while fending off international rivals.
Strategic Advantage: Leveraging Legal Data for Competitive Edge
This strategic partnership is viewed as a significant move within the legal tech sphere, leveraging LawTalk’s extensive legal database. LawTalk boasts a repository of over 4.43 million court precedents, along with a vast collection of legislation and authoritative interpretations totaling 160,000 records.
By integrating SOLAR Legal into its services, Law&Company aims to establish a distinctive edge in the realm of legal AI, with plans to expedite global market expansion through this alliance.
Market Insights: The Lucrative Legal Services Sector
According to Grand View Research, the global legal services market reached a staggering $952.29 billion in 2022, with a projected annual growth rate of 4.5 percent until 2030.
Stay tuned for more updates as Law&Company and Upstage redefine the landscape of legal AI services, setting new benchmarks for innovation and excellence.
