Thomson Reuters has launched CoCounsel, a professional-grade generative AI tool designed to enhance the productivity and efficiency of legal professionals.
CoCounsel offers a unified generative AI experience across various Thomson Reuters products, seamlessly integrating with platforms such as Westlaw, Practical Law, and Microsoft 365.
The platform enhances research capabilities through Westlaw Precision, utilizing generative AI to facilitate faster and more accurate legal research.
CoCounsel allows legal professionals to automate mundane tasks like document reviewing and summarizing, freeing them to focus on more strategic work.
Included within CoCounsel is CoCounsel Drafting, which streamlines the drafting process in Microsoft Word, helping users save time and improve the quality of their output.
Beyond legal applications, CoCounsel is also positioned as a transformative tool for accounting professionals, enabling them to streamline workflows and enhance research efficiency.
The technology behind CoCounsel is developed and maintained by a team of over 1,000 experts in generative AI and machine learning, ensuring both reliability and innovation.
Data privacy is a top priority for Thomson Reuters; the company does not use customer data to train AI models, and all data is encrypted both in transit and at rest.
User content and prompts are not stored or utilized to improve AI models, further ensuring user privacy and data protection.
Thomson Reuters implements strict security measures, including regular vulnerability scans and third-party penetration testing, to safeguard against potential threats.
To assess the economic impact of its offerings, Thomson Reuters commissioned Forrester Consulting to conduct a Total Economic Impact study on Westlaw Precision, highlighting significant cost savings and business benefits.
CoCounsel's generative AI integrates extensive legal content and know-how, providing users with quick answers and insights.
