A Significant Advance in Artificial Intelligence Assistance
Thomson Reuters, a global leader in content and technology, has introduced CoCounsel 2.0, the most recent iteration of its professional-grade generative AI (GenAI) assistant. This enhanced tool integrates the advantages of the most prominent large language models (LLMs) to provide legal professionals with unparalleled efficiency and precision. CoCounsel 2.0 is engineered to serve as an indispensable team member, capable of managing intricate, multi-step tasks with unparalleled efficiency. It allows users to efficiently navigate extensive databases, communicate sophisticated information, and complete critical tasks quickly.
Satisfying the Needs of Contemporary Professionals
Continuing Thomson Reuters’ dedication to equipping professionals with the resources necessary to succeed in a swiftly changing environment, CoCounsel 2.0 is a substantial advancement in GenAI technology. GenAI is anticipated to liberate up 12 hours per week for professionals within the next five years, as per Thomson Reuters’ Future of Professionals report. The objective of CoCounsel 2.0 is to transform this into a reality by providing legal professionals with a competitive advantage by fostering innovation and productivity.
“Thomson Reuters is present for a single purpose: to guarantee that our customers derive the maximum value from this generational technology in a safe and reliable manner, and to do so as expeditiously as possible,” stated David Wong, Thomson Reuters’ chief product officer. “The foundation of CoCounsel 2.0 is our capacity to integrate state-of-the-art technology with our data, expertise, and trusted content.” Collaboration with prominent LLM providers is an essential component of our strategy, as it will enable us to provide our customers with even greater value, thereby facilitating the rapid and efficient evolution of their businesses.
Key Characteristics of CoCounsel 2.0
Several significant improvements are included in the forthcoming iteration of CoCounsel:
- Speed: CoCounsel 2.0 operates at a rate three times quicker than its predecessor, producing responses in seconds rather than minutes.
- Intuitive Operation: The assistant now operates more intuitively, able to comprehend complex documents with ease and better comprehend customer communication.
- More Detailed and Accurate Results: CoCounsel 2.0 can analyze the complete context of complex requests, resulting in more nuanced and comprehensive results.
- Integration with Thomson Reuters Products: The assistant is accessible from within Thomson Reuters platforms, beginning with Practical Law and Westlaw Precision.
- Microsoft 365 Compatibility: CoCounsel 2.0 seamlessly integrates with Microsoft Word, Teams, and Outlook, thereby improving productivity across common tools.
- Direct Access to Customer Documents: CoCounsel 2.0 has the ability to directly access and analyze customer documents through server-to-server integrations with iManage, NetDocuments, and SharePoint.
- Document evaluation with High Throughput: The new CoCounsel High Throughput Beta enables teams to automate the evaluation of hundreds of thousands—or even millions—of documents with human-level precision.
Enhanced Legal Capabilities
CoCounsel 2.0 is not merely a more intelligent and efficient assistant. It also introduces new and improved tools that are specifically designed for legal professionals:
Claims Explorer: This feature, which is integrated into Westlaw Precision, enables users to input facts and promptly identify pertinent claims or counterclaims.
This end-to-end GenAI-enabled solution, CoCounsel Drafting, substantially enhances efficiency by accelerating the drafting process by as much as 50%.
“GenAI has always been a critical opportunity for us to enhance the quality of service we offer to our clients, as we are a progressive and dynamic firm,” stated Adam Kerr, managing partner at Primas Law. “We discovered that Thomson Reuters CoCounsel provided the most comprehensive solution after evaluating a number of technologies.” Primas Law will benefit from the enhanced efficiency and productivity that CoCounsel provides as we expand our business.
Sophisticated Document Comparison
Additionally, CoCounsel 2.0 includes a robust document comparison feature that enables users to compare multiple documents point-by-point. The capacity to analyze intricate legal documents is improved by the presentation of the results in a table that is straightforward to navigate and includes citations.
Leveraging the Influence of Top LLMs
Thomson Reuters utilizes a variety of LLMs in CoCounsel 2.0, capitalizing on the distinct capabilities of each model to optimize accuracy and performance. In order to guarantee that consumers have access to the most recent developments in GenAI technology, the organization consistently assesses new LLM releases. For example, CoCounsel 2.0 is presently in the process of testing the integration of Google Gemini 1.5 Pro, which improves the assistant’s capacity to analyze intricate patterns in legal documents and increases its processing throughput.
Constructed on the Thomson Reuters Generative AI Platform
The Thomson Reuters Generative AI Platform, a comprehensive development environment that facilitates the design, construction, and deployment of GenAI skills, serves as the foundation for CoCounsel 2.0. This platform, in conjunction with workflow automation tools and a team of over 1,000 data scientists and AI specialists, enables Thomson Reuters to provide continuous product updates, guaranteeing that customers always have access to the most secure and cutting-edge technology to address their challenges.
