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Thomson Reuters Launches CoCounsel Legal, Reducing Document Review Time by 63%

Thomson Reuters introduces CoCounsel Legal, slashing document review time by 63% and empowering law firms to enhance efficiency and client engagement.

Thomson Reuters has unveiled CoCounsel Legal, an AI-powered solution designed to enhance legal workflows. This innovative tool integrates artificial intelligence across essential functions such as document review, research, and drafting. Legal professionals are increasingly recognizing the need for efficiency in their practices, with time-consuming tasks like analyzing numerous documents and drafting contracts diverting attention from strategic client counsel. Thousands of law firms and legal departments are already benefiting from the platform, which promises to streamline operations significantly.

CoCounsel Legal has demonstrated remarkable effectiveness, with users reporting a 63% reduction in the time spent on document review and contract drafting. This efficiency gain translates into more time available for strategic planning and client engagement. In surveys conducted among users of Westlaw Precision with CoCounsel, participants indicated they were able to identify twice as many relevant cases in the same amount of time compared to non-generative AI alternatives. Furthermore, 85% of CoCounsel customers believe the tool aids in discovering more critical information than traditional manual reviews.

For legal practitioners like Diane Haar of Hawaii Disability Legal Services, the benefits are palpable. Haar noted that the time savings facilitated by CoCounsel enable her to support a greater number of clients without incurring additional costs. “The time savings is massive, and time is money,” Haar said, emphasizing the practical impact of the technology on her work.

CoCounsel Legal’s design aims to minimize behavioral changes among users, fitting seamlessly into existing workflows. This integration allows lawyers to harness AI capabilities without the complications of new systems or processes. Tasks such as document review are streamlined; for instance, what once took days to analyze 500 pages of contracts can now be accomplished in hours. The platform identifies key terms, flags inconsistencies, and highlights potential risks, all while working within familiar environments like Microsoft Word.

Legal research is another area where CoCounsel excels. The platform can analyze case law across multiple jurisdictions simultaneously, delivering relevant precedents with proper citations in mere minutes. This capability addresses a significant challenge for legal professionals faced with complex, multi-jurisdictional queries. In drafting contracts, CoCounsel provides trusted templates and starting points from Practical Law, enabling faster yet high-quality outputs.

Behind the technology is a robust foundation of legal expertise. With 225 years of experience in the legal field, Thomson Reuters’s CoCounsel Legal benefits from the authoritative content and insights of Westlaw and Practical Law. This ensures that every response generated by the AI can be traced back to reliable sources, allowing lawyers to present findings with confidence in both client interactions and court settings. “We knew that Westlaw had the database we needed… So, when CoCounsel merged with Westlaw, it just made perfect sense to continue to use those products together,” remarked Kiersty DeGroote, an associate attorney at Bochetto & Lentz.

Security is another critical component of CoCounsel Legal. Many AI tools fall short in meeting the rigorous data security standards demanded by top-tier law firms and government agencies. In contrast, CoCounsel Legal is built with enterprise-grade security features tailored to legal professionals. All data is encrypted both in transit and at rest, processed on private infrastructure, and is never used to train third-party models. The platform complies with industry standards, holding certifications such as SOC 2 and ISO 27001, ensuring that sensitive data remains secure from breaches and unauthorized access.

As the legal industry embraces technology more fully, CoCounsel Legal stands as a testament to the transformative potential of AI in legal practice. The platform empowers attorneys to reclaim valuable time that can be redirected towards strategic, creative, and interpersonal endeavors—areas where human expertise remains irreplaceable. Legal professionals looking for a reliable partner to enhance their efficiency and security may find CoCounsel Legal to be an invaluable resource, reshaping how they approach their work in an increasingly digital landscape.

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The AiPressa Staff team brings you comprehensive coverage of the artificial intelligence industry, including breaking news, research developments, business trends, and policy updates. Our mission is to keep you informed about the rapidly evolving world of AI technology.

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