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As Thomson Reuters Expands Casetext CoCounsel, the AI Authorized Assistant, to Canada and Australia, It Offers Information on U.S. Development

Bynewsmagzines

Feb 20, 2024
As Thomson Reuters Expands Casetext CoCounsel, the AI Legal Assistant, to Canada and Australia, It Provides Details on U.S. Growth


Nevertheless less than a calendar year because it introduced, CoCounsel, the generative AI authorized assistant originally made by Casetext, has experienced very a calendar year. Now, as it expands into new marketplaces, we get particulars on its adoption to day.

It was March 1, 2023, that Casetext introduced CoCounsel, a products formulated in partnership with OpenAI that uses the GPT-4 substantial language model to support attorneys with a assortment of duties.

Hardly 4 months later on, on the energy of the CoCounsel product or service, Thomson Reuters gobbled up Casetext for a whopping $650 million, and then, following just another four months, TR previewed options to integrate CoCounsel across its main solutions, together with Westlaw Precision, Practical Law, Document Intelligence, and HighQ.

It mentioned at the time it would also carry on to supply CoCounsel as a standalone item underneath the identify CoCounsel Main.

Now, TR is formally announcing the enlargement of CoCounsel Main to Canada and Australia, the initial of TR’s planned growth of the products to English-speaking countries over and above the U.S.

“Bringing CoCounsel Main to marketplaces that until eventually now have not experienced entry to experienced-quality AI is a great accomplishment as we strategy the one-yr anniversary of CoCounsel’s debut, and just a few months soon after launching CoCounsel Main in the U.S. with Thomson Reuters,” stated Jake Heller, the previous cofounder of Casetext and now head of product or service, CoCounsel, at TR.

Even as it expands CoCounsel to other marketplaces, TR is providing new facts on the product’s adoption in the U.S.

In the 11 months given that CoCounsel’s start, it has been rolled out at additional than 45 substantial legislation corporations in the United States — together with 6 of the Am Regulation 10 — which employ in overall much more than 50,000 legal professionals, TR claimed.

Much more than 9,000 of individuals lawyers have obtained extensive, fingers-on instruction to get ready them to use the technological innovation effectively and ethically, from a coaching staff members of just four persons. TR says it plans to quickly scale this “rollout playbook” for CoCounsel.

In Canada and Australia, CoCounsel was already in use in a proof-of-concept stage in two firms, McCarthy Tétrault LLP in Canada and Maddocks in Australia.

CoCounsel Core offers shoppers with 8 core generative AI-run authorized skills: Get ready for a Deposition, Draft Correspondence, Research a Databases, Evaluate Files, Summarize a Document, Extract Agreement Info, Deal Policy Compliance and Timeline.

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