Thomson Reuters unveils plans to deploy CoCounsel as AI assistant across its entire portfolio

Thomson Reuters today (17 April) announced plans to deploy its gen AI assistant CoCounsel across its entire product portfolio, including launching its first gen AI product for tax professionals.

TR said that CoCounsel will eventually unify the customer experience across its portfolio, giving customers a new way to access and interact with products across Legal, Tax, Risk & Fraud, and Media. The legal publishing giant has been steadily rolling out CoCounsel across its product lines and jurisdictions since acquiring CoCounsel founder Casetext for $650m in 2023.

You can watch the video setting out some of CoCounsel’s capabilities here 

“Today, Thomson Reuters published a global AI study sharing that 81% of professionals believe AI could be applied to their work; responding to customers changing needs challenges us to build and apply the very best applications of GenAI to professional work,” said David Wong, Thomson Reuters Chief Product Officer. “Our unique combination of resources means we can deliver on our vision of providing professionals a new, human-centric point of access to our suite of Thomson Reuters products. As our products continue to expand and improve, the customer experience will remain centered in our GenAI assistant as CoCounsel learns new skills and capabilities – unlocking productivity and becoming the way professionals work.”

CoCounsel is powered by OpenAI’s large language model GPT-4.

“We are excited to continue working with Thomson Reuters. By powering solutions like CoCounsel, their new professional-grade AI Assistant, together we make knowledge workers more creative and productive,” said Brad Lightcap, COO at OpenAI. “AI automates routine tasks and makes it possible to quickly analyze huge amounts of data – but even more importantly, it helps people come up with new ways to solve complex problems.”

Three additional products officially launched today are:

  • Checkpoint Edge with CoCounsel – TR’s first generative AI product for tax professionals delivers ‘better, faster’ answers to complex tax research questions, rooted in Thomson Reuters trusted proprietary content.
  • Westlaw Edge UK with CoCounsel – The first Thomson Reuters generative AI legal research offering in the UK
  • CoCounsel Integrations with Microsoft 365 With third-party integrations, CoCounsel will connect professionals with the tools they use daily starting with Microsoft 365 – adding CoCounsel applications for Teams, Word, Outlook, and SharePoint to accelerate research, drafting and review.

“At Ford, we constantly pursue technology at the forefront of AI and machine learning innovation, to strengthen operations across the company, from design and manufacturing to legal and compliance. When I first saw CoCounsel as a beta customer, I knew it was a game-changer,” said Darth Vaughn, Managing Director, Legal Ops+ and Litigation Counsel at Ford Motor Company. “With CoCounsel, we work more efficiently and thoroughly, giving people in a wide range of roles more time for higher-level, strategic work, as well as cross-functional coordination. We eagerly anticipate skills that continue to enhance our legal professionals and our broader organization.”