DeepL Partners with US Legal AI Startup Harvey for Document Translation

DeepL has made a significant move into the heavily regulated industries by partnering with US AI startup Harvey for legal document translation. This deal is a testament to the growing demand for specialized AI tools that can handle the complexity of legal work.

## A Growing Demand for Specialized AI Tools

DeepL, valued at $2bn in 2024, has been focusing on striking deals in heavily regulated industries such as legal, financial services, pharmaceuticals, and life sciences. The company believes that the accuracy and security of its tech lend themselves well to these industries. Harvey, valued at $11bn and reportedly raising at a $15.5bn valuation, serves more than 2,000 lawyers across over 2,400 organizations.

### A Partnership for Document Translation

DeepL will handle over a third of Harvey's total document translation volume. This partnership will enable DeepL to bring its specialized Language AI capabilities to even more legal teams around the world. Jarek Kutylowski, founder and CEO of DeepL, stated, "Working with Harvey brings our specialized Language AI capabilities to even more legal teams around the world, who work across borders every day."

## A Growing Market for AI in Legal Services

The partnership between DeepL and Harvey highlights the growing demand for AI tools in legal services. Cross-border legal work depends on translating contracts, filings, briefs, evidence, reports, and client materials quickly, accurately, and reliably, even when documents are long or highly complex. This partnership is a significant step towards meeting this demand.

DeepL's other clients include SoftBank and Mazda. Harvey competes against Swedish rival Legora. The partnership between DeepL and Harvey is a testament to the growing importance of AI in the legal industry.

### Comparable Figures

| | DeepL | Harvey | | --- | --- | --- | --- | | Valuation (2024) | $2bn | $11bn | | Reported Valuation | | $15.5bn | | Number of Lawyers Served | | > 2,000 | | Number of Organizations Served | | > 2,400 |

This partnership is a significant move for DeepL as it continues to expand its presence in the heavily regulated industries. The growing demand for specialized AI tools in these industries is expected to drive further growth and innovation in the market.