Thomson Reuters, a global content and technology company, announced the launch of CoCounsel 2.0, an upgraded version of its generative AI (GenAI) assistant with expanded legal skills.
Legal professionals can benefit from the additional capabilities that the new version of the tool brings, including an improved ability to analyze complex patterns in legal documents, said a press release from Thomson Reuters.
The upgraded GenAI assistant seeks to help legal professionals achieve a competitive advantage by freeing up 12 hours per week, the press release added.
CoCounsel 2.0 aims to combine the capabilities of OpenAI, Google Cloud AI, and Thomson Reuters’ own offerings, including in the realm of legal technology, the press release said. Specifically, the tool is accessible from within Thomson Reuters’ products, beginning with Westlaw Precision and Practical Law.
The newly launched Claims Explorer in Westlaw Precision with CoCounsel, which enables legal professionals to enter facts and to identify applicable claims or counterclaims, seeks to simplify claims research, the press release said.
Drafting tool unveiled
On the other hand, a new, end-to-end GenAI-enabled solution called CoCounsel Drafting aims to speed up drafting by as much as 50 percent, the press release said
Adam Kerr, managing partner at Primas Law, praised Thomson Reuters’ CoCounsel for helping to boost efficiency and productivity as the firm expands its business and for being the most comprehensive among numerous technologies evaluated.
“CoCounsel will allow our lawyers to better deploy their expertise to enhance the client experience,” said Kerr in the press release. “We are particularly excited about CoCounsel Drafting's potential to transform the drafting process.”
“Thomson Reuters is here for one reason: to ensure our customers reliably and safely realize the greatest possible value from this generational technology—as quickly as possible,” said David Wong, chief product officer for Thomson Reuters, in the press release. “CoCounsel 2.0 is founded upon our ability to combine our data, expertise, and trusted content with cutting-edge technology.”
Wong added that collaborating “with leading LLM providers is a key part of our strategy and will help us deliver even more for our customers, enabling them to accomplish what they need to evolve their businesses more quickly and more effectively than ever.”