Thomson Reuters Lays Out Plan To Provide CoCounsel AI Assistant Across Every Professional Vertical It Serves

Thomson Reuters, persevering with to construct on its acquisition last June of Casetext and its CoCounsel generative AI authorized assistant for a whopping $650 million money, immediately disclosed plans to deploy CoCounsel as a single and steady AI assistant throughout its complete portfolio of merchandise spanning each skilled its serves in authorized, tax, threat and fraud, and media.

Additionally immediately, TR introduced the supply of CoCounsel inside further authorized and tax merchandise and inside Microsoft 365.

Over time, TR mentioned, CoCounsel will hyperlink all merchandise throughout its complete portfolio, that means prospects can convey collectively a number of expertise and workflows from totally different merchandise into one place.

This implies a consumer’s chat historical past will observe the consumer from product to product, and in addition that CoCounsel will know which product to look to for the reply to a question, no matter which product the consumer is working in.

In fact, the extent of that performance would rely on the merchandise to which the consumer has subscriptions. The extra TR merchandise the consumer has, the extra versatile CoCounsel might be.

“Our distinctive mixture of assets means we are able to ship on our imaginative and prescient of offering professionals a brand new, human-centric level of entry to our suite of Thomson Reuters merchandise,” mentioned David Wong, Thomson Reuters’ chief product officer. “As our merchandise proceed to develop and enhance, the client expertise will stay centered in our GenAI assistant as CoCounsel learns new expertise and capabilities — unlocking productiveness and changing into the way in which professionals work.”

Already, TR in November had announced the integration of generative AI inside its flagship authorized analysis platform Westlaw Precision and supplied direct entry to CoCounsel from inside Precision. It additionally previewed its plans to integrate CoCounsel throughout a number of TR merchandise, together with Sensible Regulation, Doc Intelligence, and HighQ. In January, it rolled out Ask Practical Law AI, a generative AI characteristic inside Sensible Regulation.

Right now, it introduced the supply of CoCounsel expertise inside three further merchandise for tax and authorized professionals:

• Checkpoint Edge with CoCounsel, to be obtainable this summer time solely within the U.S., is TR’s first generative AI product for tax professionals. TR says it would ship “higher, sooner solutions to advanced tax analysis questions, rooted in Thomson Reuters trusted proprietary content material, enhancing effectivity for seasoned researchers and enabling inexperienced researchers to work with lowered supervision.”
• Westlaw Edge UK with CoCounsel, obtainable now to prospects within the UK, offers TR’s first generative AI authorized analysis providing within the UK. The corporate says it would streamline the preliminary section of authorized analysis, permitting customers to ask advanced questions in pure language and delivering a synthesized reply grounded in trusted Westlaw content material.
• CoCounsel integrations with Microsoft 365, obtainable in beta this summer time to U.S. and UK prospects, provides CoCounsel purposes for Groups, Phrase, Outlook, and SharePoint, all meant to assist customers speed up analysis, drafting and overview. TR says that is the primary of what’s going to be different third-party integrations of CoCounsel.

TR mentioned it would proceed to develop new generative AI expertise and they’re going to finally be launched into merchandise throughout each enterprise phase it serves beneath the CoCounsel model.

Notice that the product initially developed by Casetext and purchased by TR is now referred to as CoCounsel Core. Shifting ahead, TR mentioned, it would use CoCounsel because the widespread nomenclature for its single generative AI assistant obtainable throughout its portfolio.

TR additionally mentioned that this rollout of the CoCounsel assistant “completes the mixing of Casetext into Thomson Reuters, delivering on the imaginative and prescient of a united crew constructing a single GenAI assistant throughout Thomson Reuters product suite.”

Under is a TR video dramatizing the CoCounsel integration throughout merchandise.