Carey Invests in AI Legaltech Startup Magnar to Drive Latin American Expansion  

January 2026 | Santiago, Chile — Carey, Chile’s largest law firm, has invested in Magnar, a Chilean artificial intelligence platform focused on solutions for the legal industry, as part of a new funding round aimed at accelerating the startup’s regional expansion. This marks Magnar’s second investment round in three months and is intended to support its growth across Latin America during the first half of 2026, building on its existing presence in Chile, Peru and Colombia.

For Carey, the investment reflects a strategic decision to move beyond the use of artificial intelligence tools solely as a client and to position the firm at the forefront of the technological transformation of the legal profession. The move forms part of a broader strategy to integrate AI into the firm’s legal advice and services, alongside internal training programmes, technology adoption and strategic initiatives designed to enhance the quality and efficiency of its legal work.

Magnar will continue to be controlled by its founders—engineers Andrés Arellano, Nicolás López and Andrés Rodríguez—who will retain responsibility for the company’s strategic direction. The founders will ensure that Magnar continues to operate independently, with a strong focus on product development and a long-term vision serving the broader legal ecosystem.

One of Magnar’s key differentiators is that its platform is trained on local regulatory frameworks and case-law sources. Its approach combines advanced technology with an in-depth understanding of local legal practice, while maintaining high standards of security, confidentiality and information control.

"We are very pleased that a firm with Carey’s prestige has placed its trust in Magnar. They first chose us as users, validating the product in their daily operations, and based on that conviction, they decided to invest. For us, that is the strongest sign that we are building a tool that truly adds value to the legal world," said Andrés Arellano, CEO and founder of Magnar.

Pablo Iacobelli, managing partner at Carey, explained the rationale behind the investment: "Our decision to invest in Magnar stems from a strategic conviction: law firms must adapt to and contribute to the development of these technologies —not only as users, but also as players in the ecosystem. Having a technology partner that understands the local legal market is key to integrating artificial intelligence into the work of legal professionals."

Jaime Carey, senior partner at Carey, highlighted the broader implications for the profession: "Artificial intelligence is introducing profound and structural changes in the way the legal profession is practiced. As a firm, we believe it is our duty to understand these changes in advance, participate actively in their development, and help ensure their adoption is carried out with rigor, responsibility, and a focus on the value we deliver to our clients. This investment reflects that long-term vision and our commitment to leading the evolution of legal practice."

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