The intersection of law and technology continues to heat up in Latin America. In a significant move for the region’s legal ecosystem, Carey, Chile’s largest law firm, has announced a strategic investment in Magnar, a Chilean artificial intelligence platform designed specifically for the legal industry.
This investment marks a major milestone for both parties, signaling a shift toward data-driven legal practice in the region. Here is a breakdown of the deal and what it means for the future of legal services.
A Strategic Bet on AI
For Carey, backing Magnar is not just a financial transaction; it is a core component of a broader modernization strategy. By investing in Magnar, the firm aims to:
Integrate advanced AI into its daily client advisory services.
Complement internal technological training and adoption initiatives.
Enhance the overall quality and efficiency of its legal solutions.
Accelerating Regional Expansion
This marks Magnar’s second funding round in just three months, providing the capital necessary to scale operations. The primary goal of this fresh injection of funds is to accelerate Magnar’s international expansion throughout Latin America. The company is targeting a strengthened regional presence by the first half of 2026.
What Makes Magnar Different?
In a market flooded with generic AI tools, Magnar distinguishes itself through localization. The platform is trained specifically on local regulatory and case-law sources. This allows it to combine advanced computing power with a deep, nuanced understanding of local legal practices—something global AI models often lack.
Furthermore, the platform emphasizes high standards of security, confidentiality, and information control, which are non-negotiable requirements for top-tier law firms.