Thomson Reuters CoCounsel

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A Thomson Reuters CoCounsel is an LLM-based legal practice-focused conversational AI product.

References

2024-11-20

  • https://venturebeat.com/ai/thomson-reuters-cocounsel-redefines-legal-ai-with-openais-o1-mini-model/
    • NOTES:
      • Thomson Reuters is the first enterprise to integrate OpenAI’s o1-mini model into its CoCounsel assistant. This model is specialized for tasks requiring deep legal reasoning and has shown superior performance in identifying nuanced legal terms and errors compared to GPT-4.
      • CoCounsel leverages a multi-model approach, using OpenAI for generative tasks, Google’s Gemini for long-context legal documents, and Anthropic’s Claude for sensitive workflows like tax and compliance. This strategic allocation enhances efficiency and task precision.
      • Early testing of the o1-mini model demonstrated exceptional capabilities in tasks such as detecting privileged emails, significantly improving accuracy in document review, legal research, and drafting processes. These advancements have increased productivity and reduced oversight risks.
      • CoCounsel has experienced a 1,400% growth in its user base over the past year. The tool has revolutionized key legal workflows, enabling professionals to shift focus from routine tasks to high-value activities by automating document management and legal analysis.
      • Through its acquisition of Safe Sign Technologies, Thomson Reuters is advancing into proprietary LLM development. This move enhances its ability to customize AI solutions, ensuring tighter data security and cost efficiency while integrating domain-specific expertise for unmatched legal AI solutions.

2024

2023a

2023b

2023c

  • (CaseText, 2023) ⇒ https://casetext.com/cocounsel/
    • QUOTE: The legal AI you've been waiting for.

      Accomplish shockingly thorough, accurate, and efficient work—so you can do more of what AI can’t.

    • What can CoCounsel do?
      • Review Documents: Ask a question about your documents and CoCounsel will read them in full and answer, with citations to sources. Quickly find everything from critical testimony in voluminous transcripts to key terms in dense contracts.
      • Prepare for a Deposition: Get a thorough deposition outline in no time. Describe the deponent and what’s at issue in the case, and CoCounsel identifies multiple highly relevant topics to address and drafts questions for each.
      • Search a Database: Ask a question and CoCounsel will search your documents, read the relevant ones, and answer. Find only what you need, like the right template or precedent, previous work product, or internal know-how.
      • Legal Research Memo: Ask a research question, and give as much detail as you like—the facts, jurisdiction, nuance—and in minutes CoCounsel retrieves on-point resources and provides an answer with explanation and supporting sources.
      • Summarize: Interpret and condense critical information in any type of document—including dense agreements, complex contracts, and lengthy opinions—faster than humanly possible and without missing key details.
      • Extract Contract Data: Quickly get answers and a complete list of relevant clauses from every contract in a set, based on your questions, making it easier to accurately track deal terms, dollar amounts, and dates.
      • Contract Policy Compliance: CoCounsel captures every single clause in a set of contracts that doesn’t comply with a policy or set of policies, reports the risks of using non-compliant language, and recommends revisions.
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