On Monday, Thomson Reuters unveiled CoCounsel 2.0, a significant step in its vision to provide a single GenAI assistant that accelerates and streamlines workflows across various industries. The newest iteration of CoCounsel is reported to generate answers three times faster than its predecessor, delivering more thorough and nuanced results. This development aims to function as an extra team member, potentially freeing up 12 hours a week for legal professionals over the next five years.
This upgrade follows Thomson Reuters’ acquisition of the original CoCounsel through the purchase of Casetext for $650 million in cash last summer. CoCounsel 2.0 is powered by generative AI capabilities from Google Cloud AI and OpenAI, designed to handle more complex tasks with improved functionality.
For additional details, visit Law.com Legaltech News.