Legalscape Co., Ltd.
Notice of conclusion of strategic partnership through capital and business alliance between Legalscape Co., Ltd. and LegalOn
Technologies Co., Ltd.
……
Legalscape Co., Ltd. (Headquarters: Bunkyo-ku, Tokyo, President and CEO Itsuki Yagita, hereinafter referred to as “Legalscape”) and LegalOn Technologies Co., Ltd. (Headquarters: Koto-ku, Tokyo, Representative Director, Executive Officer and CEO: Nozomi Tsunoda, hereinafter “Legalscape”) LegalOn Technologies”) has entered into a strategic partnership through a capital and business alliance (hereinafter referred to as “Partnership We would like to inform you that we have concluded an agreement.
[Image: https://prtimes.jp/i/49838/9/resize/d49838-9-d96be5d39656788e778e-2.png&s3=49838-9-bc7fc02511f8a727d524209f10fef10e-1881×432.png ]
Background and purpose of this partnership
Legal Tech Services focuses on the importance of corporate governance and compliance in the Japanese market in recent years, and in response to this, legal operations within companies (measures to improve the sophistication of legal organizations and business operations with the aim of maximizing contributions to management).・Methods) are rapidly developing and becoming popular due to the increasing demand for them. Traditionally, legal tech services have developed to suit individual operations, such as legal research, contract review, and management. However, as legal tech services have become more widespread, the organic relevance of these services in the field of legal practice is increasing, and customer needs have shifted from “individual services tailored to each business area” to “organisation, business content, and situation.” It is becoming a comprehensive support service that can be used seamlessly to suit the needs of people. In light of these changing needs, in order to comprehensively support the legal operations of our customers, including corporate legal departments and law firms, we have developed a combination of Legalscape, which has strengths in the legal research and database field, and Strength in contract review and management fields. LegalOn Technologies has concluded this partnership. In the future, Legalscape and LegalOn Technologies plan to leverage the strengths of both companies to consider and implement support for product development and operation, including mutual collaboration between products.
About Legalscape
In order to realize our mission of “drawing a panoramic view of all legal information,” Legalscape uses its technological strengths, such as advanced natural language processing technology and basic research and application of generative AI in the legal field, to create a wide range of legal information, including legal information. We are building a comprehensive database of various information and developing and providing interfaces to efficiently utilize it. The legal research platform “Legalscape”, which started offering in June 2021, will be the first in Japan to introduce an AI research function that combines generative AI and our own natural language processing technology in September 2023. We received high praise for our next-generation experience, which allows you to see everything at a glance, and for having the industry’s largest content (more than 30,000 articles, including more than 2,500 books). The service is used by more than 10,000 customers, mainly in the following locations. About LegalOn Technologies
LegalOn Technologies combines the legal knowledge of lawyers with technologies such as natural language processing technology and machine learning to develop and provide software that improves the quality and efficiency of corporate legal affairs. We have been providing the AI contract review platform “LegalForce” since April 2019, the AI contract management system “LegalForce Cabinet” since January 2021, and the AI contract review support software “LegalOn Review” in the United States since April 2023. “LegalForce” helps you discover risks hidden in contracts by simply uploading them. As of December 2023, it is used by over 3,500 companies and law firms under paid contracts. In addition, “LegalForce Cabinet” is a system that automatically creates a database of contracts and supports appropriate contract management after conclusion. As of November 2023, over 1,000 companies are using it under paid contracts. Legalscape Co., Ltd. Company Profile Company Name: Legalscape Co., Ltd. Location: 8th floor, Todaimae HiRAKU GATE, 2-3-10 Mukaioka, Bunkyo-ku, Tokyo 113-0023 Established: September 14, 2017 Representative: President and CEO・CEO Itsuki Yagita URL: https://www.legalscape.co.jp/LegalOn Technologies Co., Ltd. Company Profile Company name: LegalOn Technologies Co., Ltd. Location: 3 Toyosu, Koto-ku, Tokyo 135-0061 -2-20 Toyosu Front 6th floor Established: April 2017 Representative: Representative Director, Executive Officer/CEO Nozomi Tsunoda URL: https://legalontech.jp/
More details about this release:
https://prtimes.jp/main/html/rd/p/000000009.000049838.html