In a notable development at the International Legal Technology Association annual convention, Thomson Reuters has announced the release of CoCounsel 2.0, an evolution of their AI-powered legal tool originally developed by Casetext. This upgraded version aims to be more intuitive and capable of closely mimicking the way legal professionals communicate and work. The announcement marks a significant step in Thomson Reuters’ ongoing efforts to enhance legal AI technologies, which began with their acquisition of Casetext last year. For more details, see the official announcement here.
This new iteration incorporates multiple large language models (LLMs) to deliver optimal accuracy and performance, adding cutting-edge models such as Google Gemini 1.5 Pro to its suite. These enhancements are designed to improve document interpretation capabilities and enable faster processing. Notably, CoCounsel 2.0 introduces features like Claims Explorer and CoCounsel Drafting, which streamline claims research and accelerate drafting processes respectively, potentially cutting drafting time by up to 50%.
Thomson Reuters is also offering a high-throughput beta version for teams needing to automate the review of large volumes of documents, boasting human-level accuracy. This feature promises to handle hundreds of thousands to millions of documents, significantly enhancing efficiency in legal workflows.
Raghu Ramanathan, president of TR’s Legal Professionals segment, emphasized the continued focus on ensuring the AI delivers reliable outputs by using confidence scores, sometimes even negative ones, to avoid misleading results. This cautious yet innovative approach is aimed at balancing technological advancements with practical usability, making it a vital asset for legal professionals in an era of rapid technological transformation.