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Law&Company teams up with Upstage to boost legal AI services

Collected: 2024.03.13

Distributed: 2024.03.14

Source: Go Direct

[Photo provided by Law&Company Co.]

Law&Company Co., operator of legal services platform LawTalk, is partnering with an artificial intelligence (AI) startup Upstage Co. to expand its presence in South Korea.

The 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.

Law&Company announced Tuesday the joint development of a pre-trained LLM SOLAR Legal, tailored specifically for the Korean legal domain in collaboration with Upstage.

The SOLAR Legal is scheduled for release in June, emphasizing a concerted effort to maintain leadership in the domestic market without ceding ground to global competitors.

This 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.

By integrating SOLAR Legal into LawTalk’s services, Law&Company aims to secure a distinct competitive advantage in the field of legal AI. It plans to accelerate global market penetration through the legal AI alliance.

According to Grand View Research, the global legal services market was estimated at $952.29 billion in 2022, with an anticipated annual growth rate of 4.5 percent until 2030.

By Kim Si-gyun and Minu Kim

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