- AI-Assisted Research on Westlaw
Precision – Better, faster answers to
complex research questions drawn from the industry's most
comprehensive collection of editorially enhanced
content
- A new GenAI assistant connects all Thomson
Reuters generative AI products, building on innovation from
Casetext
- Thomson Reuters Generative AI Platform – A
common development platform to design, build, and deploy GenAI
skills with unparalleled speed
- New GenAI capabilities for Practical Law
– Customers to benefit from AI chat-type
interface
- CoCounsel Core – Announcing the
commercial offering of CoCounsel skills as part of the Thomson
Reuters portfolio
NEW
YORK, Nov. 15, 2023 /PRNewswire/ -- Thomson
Reuters (TSX/NYSE: TRI), a global content and technology
company, today announced a series of GenAI initiatives designed to
transform the legal profession. Headlining these initiatives is the
debut of GenAI within the most advanced legal research platform,
AI-Assisted Research on Westlaw Precision. Available now to
customers in the United States,
this skill helps legal professionals quickly get to answers for
complex research questions. This generative AI skill leverages
innovation in Casetext and taking a "best of" approach was created
using the Thomson Reuters Generative AI
Platform.
The company also announced that it will be building on the AI
assistant experience Casetext created with CoCounsel, the world's
first AI legal assistant. Later in 2024, Thomson Reuters will
launch an AI assistant that will be the interface across
Thomson Reuters products with GenAI capabilities.
The AI assistant, called CoCounsel, will be fully integrated
with multiple Thomson Reuters legal products, including Westlaw
Precision, Practical Law Dynamic Tool Set, Document Intelligence,
and HighQ, and will continue to be available on the CoCounsel
application as a destination site. Customers will be able to choose
the right skills to solve the problem at hand while taking
advantage of generative AI capabilities.
"Thomson Reuters is redefining the way legal work is done by
delivering a generative AI-based toolkit to enable attorneys to
quickly gather deeper insights and deliver a better work product.
AI-Assisted Research on Westlaw Precision and CoCounsel Core
provide the most comprehensive set of generative AI skills that
attorneys can use across their research and workflow," said
David Wong, chief product officer,
Thomson Reuters.
With AI-Assisted Research and CoCounsel Core, attorneys are
empowered with eight GenAI-powered core skills, including
AI-Assisted Research on Westlaw Precision, Prepare for a
Deposition, Draft Correspondence, Search a Database, Review
Documents, Summarize a Document, Extract Contract Data, and
Contract Policy Compliance. The company also laid out high-level
product roadmaps to develop numerous additional GenAI skills to
address customer-specific needs. Each additional skill will be
built on a common software framework within the Thomson Reuters
Generative AI Platform.
AI-Assisted Research allows customers to ask complex legal
research questions in natural language and quickly receive
synthesized answers, with links to supporting authority from
Westlaw content and links to further examine that authority.
AI-Assisted Research streamlines the initial phase of legal
research with sophisticated answers to questions and the authority
those answers are based on, saving hours of work. These responses
are founded on more than 150 years of Thomson Reuters
classification, analysis, and editorial expertise contributed by
subject matter experts and attorney editors. AI-Assisted Research
employs Retrieval Augmented Generation (RAG) to prevent the large
language models (LLMs) from making up things like case names and
citations by focusing the LLMs on the actual language of Westlaw
content. Future plans include expanding GenAI throughout the
research process in Westlaw and bringing these capabilities to
versions of Westlaw outside the US. Starting in 2024, target
markets include the UK, Canada,
Australia, and New
Zealand.
"Thomson Reuters is well positioned to deliver high-quality AI
results because it has the largest, most up-to-date, and
trustworthy legal research system in the world," said Andrew Bedigian, counsel, Larson LLP. "The fact
that AI-Assisted Research relies exclusively on Thomson Reuters
vetted database should provide lawyers with confidence that the
answer AI-Assisted Research is generating in response to attorney
questions is going to be well supported. And the fact that
AI-Assisted Research delivers all the sources it relied upon –
right beneath the answer – provides additional confidence that the
program is delivering on our research needs."
"We leveraged our experts in Thomson Reuters Labs, our more than
1,600 attorneys, and our best-in-class content to build a Westlaw
Precision tool that provides our customers with the trust,
accuracy, and speed they need to serve their clients," said
Mike Dahn, head of Westlaw Product
Management, Thomson Reuters. "Our human oversight, technology
expertise, and industry-leading content are critical to producing
trusted answers with generative AI. This tool won't obviate the
need for attorneys, but it will help them do their work better and
faster."
CoCounsel Core
With integration well under way, the company today
announced CoCounsel Core as the commercial offering of legacy
CoCounsel skills. CoCounsel has had more than 4,000 hours of
rigorous testing and training by more than 1,400 customers since
its launch in May – including input of law firms, corporations, and
government agencies. All of this learning is being utilized in the
Thomson Reuters innovation journey.
Thomson Reuters Generative AI Platform
The Thomson Reuters Generative AI platform is a cloud native
technology platform that uses an API-first development approach and
incorporates Thomson Reuters user experience and design systems. It
will enable Thomson Reuters to quickly and easily launch new
generative AI skills by leveraging reusable components as the
building blocks for future products. The Thomson Reuters Generative
AI platform will provide a safe, privacy-compliant, and reliable
platform for generative AI development, enabling scalability across
a wide range of LLM providers.
Thomson Reuters will continue to bring GenAI to more aspects of
the legal research process with the introduction of GenAI within
Practical Law Dynamic Tool Set in January
2024. Customers will benefit from generative AI within
Practical Law through a new interface with an AI legal assistant,
which will quickly provide answers using conversational language –
all validated by trusted Practical Law content created and
maintained by a team of more than 650 legal
experts.
Thomson Reuters is committed to ensuring that its AI products
and skills are built responsibly. To review the guidelines used to
ensure that Thomson Reuters solutions are secure, trusted, and
reliable, see the company's AI principles.
Thomson Reuters
Thomson Reuters (NYSE / TSX:
TRI) ("TR") informs the way forward by bringing together the
trusted content and technology that people and organizations need
to make the right decisions. The company serves professionals
across legal, tax, accounting, compliance, government, and media.
Its products combine highly specialized software and insights to
empower professionals with the data, intelligence, and solutions
needed to make informed decisions, and to help institutions in
their pursuit of justice, truth, and transparency. Reuters, part of
Thomson Reuters, is a world leading provider of trusted journalism
and news. For more information, visit tr.com.
CONTACT
Dave Moran
+1.647.480.7581
dave.moran@thomsonreuters.com
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SOURCE Thomson Reuters