Following its acquisition of Casetext in June last year, Thomson Reuters has disclosed its strategy to implement the CoCounsel generative AI legal assistant across all its enterprise offerings, benefitting professionals in diverse fields such as legal, tax, risk and fraud, and media.
As part of the announcement, Thomson Reuters added the availability of CoCounsel in more legal and tax products and within Microsoft 365. In the long term, CoCounsel is expected to provide a seamless connection among all the portfolio products, ultimately enabling users to coalesce skills and workflows from multiple products into a single locus. Consequently, users can expect a chat history that tracks their journey from product to product and an AI assistant proficient in sourcing answers according to the user’s position within the product portfolio. The level of functionality provided by CoCounsel, however, would be proportional to the user’s subscription to TR’s suite of products—an increase in the use of TR’s products equates to a more versatile AI assistant.
David Wong, the Chief Product Officer at Thomson Reuters, emphasized the unique resource combination TR brings to the table that can fulfil its vision of presenting a new, user-centric point of access to their product suite through their GenAI assistant—CoCounsel. As TR’s products evolve and improve, CoCounsel’s learning capabilities also expand, creating a shift in work patterns for users and drastically enhancing productivity.
By November last year, TR had already started integrating generative AI within its flagship legal research platform Westlaw Precision and started allowing direct access to CoCounsel. They also provided a step-by-step guide intending to merge CoCounsel across multiple TR products such as Practical Law, Document Intelligence, and HighQ. They then unveiled the Ask Practical Law AI in January of this year.
The recent announcement places CoCounsel within three additional products aimed at tax and legal professionals:
- The Checkpoint Edge with CoCounsel, available to US-based users in Summer 2022, is TR’s first AI product developed specifically for tax professionals and will assist in answering complex tax research questions.
- Westlaw Edge UK with CoCounsel, currently open to UK customers, is TR’s first generative AI legal research service in the UK. It will help streamline the initial phase of legal research, delivering synthesized answers that are grounded in reliable Westlaw content.
- CoCounsel’s integrations with Microsoft 365, which will be available this summer to both US and UK customers in beta form that extends its applications to Teams, Word, Outlook, and SharePoint to enhance research, drafting, and reviewing efficiency.
New generative AI skills are in development and are set to be introduced across TR’s suite of services under the CoCounsel brand name. The CoCounsel Core, formerly known as the product Casetext developed and TR subsequently acquired, will now serve as the shared nomenclature for their solo generative AI assistant throughout their product portfolio.
According to TR, the CoCounsel assistant’s deployment marks the completion of Casetext’s integration into Thomson Reuters. The fulfillment of its vision for a united team in creating a single GenAI assistant across all Thomson Reuters product suite.
Read more from the original article here: Thomson Reuters Lays Out Plan To Provide CoCounsel AI Assistant Across Every Professional Vertical It Serves.