Harvey, legal pioneer in genAI, has reached an agreement with leading Japanese company Mori Hamada
The news comes a week after Harvey announced that he had raised another $100 million in an investment circular directed through venture capital corporation GV, subsidized through Alphabet Inc. The CArray Series investment circular that included investors OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil and SV Angel, values the company at $1. 5 billion.
Although MHM is one of the largest companies in Japan with 1,600 workers and 16 offices across Japan and the Asia-Pacific region, this is a particularly important step as legal generation companies have had little impact on the legal market here, with one notable exception. LegalOn, a legal AI company aimed at in-house groups and, interestingly, also works with MHM (see more below).
MHM will work with Harvey at its facilities for customers, adding “leveraging even more genAI for document review, due diligence, redaction and research, across geographies, practices and languages. “
Artificial Lawyer has been involved on several occasions in Japan over the years and, despite the growing interest in innovation by certain companies, legal technology has sometimes had little impact on the still very classic local bengoshi legal culture.
However, it is clear that things are changing. And that’s not only smart for Harvey, but also for many other legal tech corporations that need to expand globally.
Commenting on the agreement with Harvey, Koichiro Iida, Managing Partner at MHM, said: “We intend to further integrate next-generation generation into our practice by entering into a strategic partnership with Harvey, the leading generative AI platform. for the legal industry. Our commitment to implementing AI in our offices complements our legal facilities and adds value to our clients and associates, and we look forward to engaging with Harvey to explore the opportunities of AI. “
Winston Weinberg, CEO of Harvey, added: “The partnership with MHM is a vital milestone for us as we expand into the Japanese and Asia-Pacific markets. This partnership is based on our shared values of excellence, innovation and customer-centric service. “We are grateful for MHM’s acceptance and look forward to working in combination to deliver exceptional AI-based legal responses in the region. “
That’s all good, but let’s get back to the big picture. As mentioned, LegalOn signed an agreement with MHM in April this year to work with its LegalOn Cloud in which legal content, such as templates and guidance on mergers and acquisitions and foreign transactions, will be provided to corporate clients.
LegalOn Cloud customers manage formulas such as a case control formula, a contract control formula, a contract review formula, CLM, and a formula for legal document formats prepared through law firms.
Meanwhile, in 2020, Japan’s leading law firm, Nishimura
(P. S. : If you’ve been following Reynen Court’s expansion and then decline, you’ll probably be intrigued to learn that its founder, Andrew Klein, introduced a new company last year: Brighter Seas, which is the first commission from a large company. Scale recovery of North Sea oysters Yes, from legal generation to oysters (Klein is, in fact, an irrepressible entrepreneur).
But, aside from LegalOn, the involvement of legal giants like LexisNexis, and Nishimura’s kick in Reynen Court, the legal generation hasn’t been very good in Japan.
So, as noted, while this next step is smart for Harvey, interest in an AI legal firm focused on legal agencies could lead to greater acceptance from other firms looking to do the same in Tokyo. This site hopes everyone will, because one day we will be able to have a Legal Innovators convention in Japan, which would be amazing and the founder of this site would have a clever explanation of why to come back.
But most importantly, the legal tech world wants more wonderful legal firms to sell to. The United Kingdom and the United States have a limited number of “BigLaw” scale companies. If you want to create a very high-income legal generation of a company that can handle gigantic volumes of work of similar high value, then you want to go global, and the incorporation of major Japanese corporations will certainly help you in this regard.
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[Photo: via RT – Meiji Jingu, Shibuya, Tokyo, Japan. ]
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