Thomson Reuters has recently expanded its vision for CoCounsel, its professional-grade generative AI assistant. The tool aims to unify the customer experience by integrating various Thomson Reuters product capabilities into a single platform. This transformative move is set to link the entire Thomson Reuters product portfolio, enabling legal professionals to consolidate multiple skills and workflows into one place.
David Wong, Chief Product Officer at Thomson Reuters, shed more light on the innovative functionalities that CoCounsel brings to the table. Among the notable features is its ability to perform complex legal research, saving hours of time and providing more comprehensive and creative legal analysis. The tool also excels in legal document analysis, offering super-human speed and accuracy that enhances legal judgment while leaving mundane data collection tasks to the AI.
At ILTACON 2024, attendees will have the opportunity to see these advancements firsthand. Among the new features being showcased are CoCounsel Drafting and Claims Explorer. Claims Explorer is a new GenAI skill in Westlaw Precision with CoCounsel, which helps legal professionals identify applicable claims or counterclaims by entering facts.
Wong emphasized that Thomson Reuters is dedicated to delivering solutions with Professional-Grade AI, ensuring data security and privacy through end-to-end encryption. This commitment allows professionals to work with enhanced efficiency and insight while maintaining the highest standards of trust and security.
For ILTACON attendees, Thomson Reuters will offer interactive demos, personalized consultations, and the chance to discuss specific challenges with product experts at Booth #619. The aim is to help legal professionals better integrate AI into their workflows, ultimately saving time and improving the quality of their work.
In an environment where 56% of professionals feel pressed for time, the adoption of AI represents a significant potential to improve productivity. According to recent surveys, AI could save legal professionals up to 12 hours per week over the next five years, equivalent to adding an extra colleague for every 10 team members.