Law&Company Signs Strategic Business Partnership with LexisNexis

"Building a Joint Front to Lead the Legal AI Market"
Pledging Comprehensive Cooperation in Sales, Content, and Technology

Legaltech company Law&Company, which operates the comprehensive legal portal service 'LawTalk', has partnered with global legaltech company LexisNexis to lead the legal AI market.

The two companies, who have agreed to build a joint front to expand the legal AI market, plan to solidify their cooperation for joint growth and market leadership through a comprehensive business partnership in various fields such as sales, content, and technology, leveraging their advanced technological capabilities and deep understanding of the market.

At the 'Law&Company-LexisNexis Strategic Business Partnership Signing Ceremony' held on the 17th at the Law&Company headquarters in Gangnam-gu, Seoul, Kim Bonhwan, CEO of Law&Company (right), and Lee Hyuksu, CEO of LexisNexis Korea, are taking a commemorative photo. Law&Company

Law&Company (CEO Kim Bonhwan) announced on the 23rd that it held a signing ceremony with LexisNexis (Korea branch CEO Lee Hyuksu) at the Law&Company headquarters in Gangnam-gu, Seoul, on the 17th, and entered into a strategic business partnership for AI-based legal work innovation.

Based on a strong consensus on building an innovative environment for legal AI, the two companies have agreed to jointly pioneer the legal AI service market through cooperation in sales, content partnerships, and the exchange of the latest technology and market information.

Law&Company is rapidly driving the AI transformation in the legal market through leading technology research and innovation. In July 2024, it launched SuperLawyer, the first legal AI assistant service in Korea specialized in the Korean language and Korean law, and has recorded over 11,000 subscribers in about one year, leading the popularization of AI in the legal market.

Demand for SuperLawyer is increasing not only among law firms and individual attorneys but also among companies in various industries such as finance, manufacturing, distribution, IT, and shipping. It is also being adopted and utilized by universities, central government agencies, local governments, and public institutions. Law&Company plans to accelerate the expansion of the legal AI market and create new growth engines based on the sales network and marketing know-how built through SuperLawyer.

LexisNexis, a leading global provider of legal information and analytics solutions, currently offers legal solutions in over 150 countries. In October 2023, LexisNexis launched 'Lexis+ AI', the world's first generative AI service specialized in U.S. law, and in January 2024, introduced LexisNexis Prot?g?™ ('Prot?g?'), which enables personalized legal work through agentic AI, further solidifying its leadership in the legal AI market.

Since its official launch in the Korean market in March 2024, Prot?g? has been rapidly adopted by major domestic law firms, large corporations, and various public institutions, and is quickly spreading throughout the market.

Going forward, the two companies plan to establish a concrete cooperation framework to quickly respond to the increasing demand for AI transformation in the legal market, and will continue to collaborate to expand the market and strengthen brand awareness. In particular, they plan to design a variety of joint programs to carry out optimized activities for a wide range of clients, from corporate customers to legal professionals.

Kim Bonhwan, CEO of Law&Company, stated, "I am very pleased to take the first step in legal AI collaboration with LexisNexis, which is rapidly leading innovation in the global legal market. We will actively share the AI technology and infrastructure possessed by both companies to create new growth opportunities in the changing industry environment and accelerate innovation in legal work by building a solid foundation for cooperation."

Lee Hyuksu, CEO of LexisNexis Korea, said, "Collaboration with Law&Company, which has strong influence in the local market, will provide an opportunity to more effectively realize our global coverage and in-depth market entry strategy."

This content was produced with the assistance of AI translation services.