Thomson Reuters Unveils Plans to Deploy CoCounsel AI Assistant Across Entire Portfolio
Thomson Reuters Unveils Plans to Deploy CoCounsel AI Assistant Across Entire Product Portfolio
Thomson Reuters, known for its recent acquisition of Casetext for $650 million cash last June, is now taking its AI capabilities to the next level. Today, the company announced its plans to deploy CoCounsel, its generative AI legal assistant, as a single and continuous assistant across its entire portfolio of products serving professionals in legal, tax, risk and fraud, and media.
In addition to this major announcement, Thomson Reuters also revealed that CoCounsel will now be available within additional legal and tax products, as well as within Microsoft 365. This move is part of the company’s strategy to link all products across its portfolio, allowing customers to seamlessly integrate multiple skills and workflows from different products into one cohesive experience.
David Wong, Thomson Reuters’ chief product officer, emphasized the company’s commitment to providing professionals with a new, human-centric point of access to its suite of products. He highlighted the potential for CoCounsel to learn new skills and capabilities over time, ultimately unlocking productivity and revolutionizing the way professionals work.
Already, Thomson Reuters has integrated generative AI within its flagship legal research platform, Westlaw Precision, and provided direct access to CoCounsel from within Precision. The company has also previewed its plans to integrate CoCounsel across multiple products, including Practical Law, Document Intelligence, and HighQ.
The availability of CoCounsel skills within three additional products for tax and legal professionals was also announced, with features tailored to enhance efficiency and streamline research processes for users in the U.S. and UK markets.
Thomson Reuters is committed to developing new generative AI skills and integrating them into products across all business segments under the CoCounsel brand. The company also announced that the product originally developed by Casetext is now known as CoCounsel Core, with CoCounsel serving as the common nomenclature for its AI assistant across the entire portfolio.
This rollout of the CoCounsel assistant marks the completion of the integration of Casetext into Thomson Reuters, solidifying the vision of a united team building a single GenAI assistant across the company’s product suite.
With these advancements, Thomson Reuters is poised to revolutionize the professional experience for its customers, offering a seamless and efficient AI-powered solution across its diverse range of products.