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Nonetheless lower than a yr because it launched, CoCounsel, the generative AI authorized assistant initially developed by Casetext, has had fairly a yr. Now, because it expands into new markets, we get particulars on its adoption up to now.
It was March 1, 2023, that Casetext launched CoCounsel, a product developed in partnership with OpenAI that makes use of the GPT-4 giant language mannequin to help attorneys with a wide range of duties.
Barely 4 months later, on the energy of the CoCounsel product, Thomson Reuters gobbled up Casetext for a whopping $650 million, after which, after simply one other 4 months, TR previewed plans to integrate CoCounsel throughout its core merchandise, together with Westlaw Precision, Sensible Regulation, Doc Intelligence, and HighQ.
It mentioned on the time it will additionally proceed to supply CoCounsel as a standalone product below the identify CoCounsel Core.
Now, TR is formally saying the enlargement of CoCounsel Core to Canada and Australia, the primary of TR’s deliberate enlargement of the product to English-speaking nations past the U.S.
“Bringing CoCounsel Core to markets that till now haven’t had entry to professional-grade AI is an incredible accomplishment as we strategy the one-year anniversary of CoCounsel’s debut, and simply three months after launching CoCounsel Core within the U.S. with Thomson Reuters,” mentioned Jake Heller, the previous cofounder of Casetext and now head of product, CoCounsel, at TR.
Even because it expands CoCounsel to different markets, TR is offering new particulars on the product’s adoption within the U.S.
Within the 11 months since CoCounsel’s launch, it has been rolled out at greater than 45 giant legislation companies in the US — together with six of the Am Regulation 10 — which make use of in whole greater than 50,000 attorneys, TR mentioned.
Greater than 9,000 of these attorneys have acquired complete, hands-on instruction to organize them to make use of the expertise successfully and ethically, from a coaching workers of simply 4 folks. TR says it plans to quickly scale this “rollout playbook” for CoCounsel.
In Canada and Australia, CoCounsel was already in use in a proof-of-concept part in two companies, McCarthy Tétrault LLP in Canada and Maddocks in Australia.
CoCounsel Core gives clients with eight core generative AI-powered authorized expertise: Put together for a Deposition, Draft Correspondence, Search a Database, Evaluate Paperwork, Summarize a Doc, Extract Contract Information, Contract Coverage Compliance and Timeline.
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