In a significant disclosure at ILTACON, Thomson Reuters CEO Steve Hasker has remarked on what he identifies as the biggest disruption the legal profession has ever faced: the integration of generative and agentic artificial intelligence (AI). During the event, Hasker emphasized that this shift is poised to fundamentally rewrite the creation of legal work products—a transformation not seen since the legal profession’s early days in 17th-century London. This perspective was shared in a conversation with Ragunath Ramanathan, President of Legal Professionals at Thomson Reuters, reflecting the company’s strategic direction amidst this rapid technological evolution.
Despite AI’s burgeoning role, Hasker was quick to clarify that AI does not diminish lawyers’ responsibilities. Instead, it alters the initial creation process of legal work. This nuance underscores Thomson Reuters’ recent launch of CoCounsel Legal, an AI-powered platform integrating deep research capabilities. Such innovations suggest a sector-wide trend toward adopting AI, even if comprehensive strategic planning for transformation remains sparse.
Hasker acknowledged the challenges AI poses to billing models, with many firms still reliant on per-hour revenue structures. Balancing the integration of AI with the need to maintain human expertise and client relationships presents a unique challenge for firms navigating this transition. On another note, during a private commentary, Hasker touched upon the importance of copyright protection amidst AI’s growing influence, particularly in light of Thomson Reuters’ legal tussle with ROSS Intelligence.
Thomson Reuters is positioning itself as a key player in the AI landscape by acquiring Safe Sign, a team from Cambridge and Harvard developing specialized legal models. This move is part of a broader strategy that includes the acquisition of Casetext for $650 million, aiming to fuse in-house innovations with external expertise. Such financial commitments also highlight Thomson Reuters’ substantial investment in AI-driven advancements.
Interestingly, the adoption of AI extends beyond large practices, with solo practitioners recognizing its potential for operational efficiency. Hasker recounted encounters with smaller firms willing to substitute AI for additional personnel, emphasizing a rapid shift in mindset across the legal profession. He also criticized remarks by OpenAI’s Sam Altman on privacy within AI tools, stressing the necessity for confidentiality in professional settings.
Finally, Hasker reflected on his “aha moments” with AI, noting its passage of the bar exam as a pivotal sign of its disruptive potential. These developments suggest a legal landscape on the brink of substantial transformation, led by the integration of AI. More details on these insights can be found in the original source article.