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Legal

CoCounsel by Thomson Reuters ✓

GenAI assistant created exclusively for professionals.

Source rating 2.0 (1) 316 views 8 saves Unknown
Legal Tech Workflow Automation Law Research
More categories (4)
Professionals-Tool Document Analysis Time Efficiency Legal
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Verdict

A quick read before you dig into the full page.

Best if
GenAI assistant created exclusively for professionals
Skip if
Limited to legal professionals
Pick this when
Serves multiple professions

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Overview

CoCounsel, previously known as Casetext, is a Gen AI assistant developed by Thomson Reuters. It is designed to cater to professionals in legal, tax, audit, and accounting sectors, providing an integrated AI solution for their multifaceted needs.

Mainly utilized to enhance the efficiency of workflow and accelerate multistep tasks, CoCounsel is aimed at empowering professionals to better serve their clients and develop their business.

Its suite includes CoCounsel Legal and CoCounsel Tax. The former amalgamates research, drafting, and document analysis, while the latter optimizes tax practice by merging trustworthy answers, automation and firm knowledge in one platform.

Compatible with distinguished platforms such as Westlaw, Practical Law, Checkpoint and Microsoft 365, CoCounsel supports smooth transition between tasks by engaging agentic and generative AI.

The AI models developed are based on trusted content and do not incorporate user data for training purposes, ensuring data privacy. CoCounsel strives to provide innovative solutions to professionals by leveraging advanced AI to deliver quicker insights and manage complex workflows.

CoCounsel by Thomson Reuters website

Access & connections

Where you can use CoCounsel by Thomson Reuters.

Platforms

Web

Capabilities

What this tool accepts, produces, and is strongest at.

Input

  • Text

Output

  • Text

Pros & cons

Pros

  • Serves multiple professions
  • Workflow efficiency
  • Multistep tasks acceleration
  • Client service improvement
  • Business development tool
  • Dedicated legal suite
  • Dedicated tax suite
  • Compatible with Westlaw
Show 21 more
  • Practical Law compatible
  • Microsoft 365 compatible
  • Transitions smoothly between tasks
  • Trustworthy content basis
  • Doesn't use user data
  • Ensures data privacy
  • Distinguished platforms compatibility
  • Delivers quicker insights
  • Manages complex workflows
  • Exclusively designed for professionals
  • Optimizes tax practice
  • Firm knowledge merge
  • Drafting tool included
  • Legal-tech tool
  • Audit tool
  • Accounting Tool
  • Confidentiality of user data
  • Incorporates Research, Drafting, Document Analysis
  • Supports Task Transition
  • Time Efficiency enhancement
  • Checkpoint Compatible

Cons

  • No user-data driven training
  • Limited to legal professionals
  • Not fully independent, requires supplements like Westlaw
  • Data centers solely US-based
  • Strictly professional grade, not for individuals
  • No revealed API access
  • No explicit multi-language support
  • Unknown cost structure

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Releases 1

Initial release February 6, 2025 Current
Initial release of CoCounsel by Thomson Reuters.

FAQ 12

What is CoCounsel by Thomson Reuters?
CoCounsel by Thomson Reuters, previously known as Casetext, is a Gen AI assistant designed to cater to professionals in legal, tax, audit, and accounting sectors. It offers integrated AI solutions to enhance workflow efficiency, accelerate multistep tasks, and empower professionals to better serve their clients and develop their business.
Can you explain the purpose of CoCounsel Legal?
CoCounsel Legal, a part of the CoCounsel suite, is designed to amalgamate research, drafting, and document analysis. Its mission is to transform legal work by providing a unified AI solution that brings together research, drafting, and document analysis in a single experience. It leverages trusted content and advanced AI to accelerate multistep tasks, aiming to improve service to clients and business growth.
How does CoCounsel Tax serve the needs of professionals?
CoCounsel Tax serves the needs of professionals by optimizing tax practice. It combines trustworthy answers, automation, and firm knowledge into one seamless platform. This is aimed at enhancing efficiency, reducing risk, and improving client confidence,automating significant portion of tax-process work.
Does CoCounsel integrate with any other professional platforms?
CoCounsel is compatible with several distinguished platforms such as Westlaw, Practical Law, Checkpoint and Microsoft 365. This supports a smooth transition between tasks by enabling users to switch effectively from one platform to another.
Which legal, tax, audit and accounting tasks can CoCounsel automate?
CoCounsel is built to automate a range of tasks within legal, tax, audit, and accounting realms. This includes the automation of research, drafting, and document analysis in the field of law, as well as optimizing tax practice by providing trustworthy answers, automation and consolidating firm knowledge in one platform.
Does the AI models of CoCounsel retain user data?
No, the AI models of CoCounsel do not retain user data. The models are developed based on trusted content, and do not incorporate user data for training purposes, thereby ensuring data privacy.
How does CoCounsel AI differ from other AI tools?
CoCounsel AI stands out from other AI tools through its use of agentic and generative AI to make a smooth transition between tasks possible. It implements advanced AI technologies to deliver quicker insights and manage complex workflows, utilizing trusted content and ensuring data privacy whilst doing so.
Is CoCounsel compatible with Microsoft 365?
Yes, CoCounsel is fully compatible with Microsoft 365. This compatibility allows users to seamlessly integrate their work with the Microsoft suite, facilitating streamlined workflows and easier task management.
How does CoCounsel support workflow efficiency in a legal or tax firm?
CoCounsel supports workflow efficiency in legal or tax firms by using advanced AI to speed up the discovery of actionable insights and manage complex workflows. It allows professionals to move effortlessly between tasks with the help of its agentic and generative AI capabilities.
Can CoCounsel help with document analysis?
Yes, CoCounsel can greatly assist with document analysis. It amalgamates research, drafting, and document analysis, providing a unified solution for legal professionals, and can extract insights from a variety of document types quickly and accurately.
What type of professionals is CoCounsel designed for?
CoCounsel is designed for professionals in legal, tax, audit, and accounting sectors. This includes both individual professionals like lawyers, tax consultants, auditors and accountants, and organizations that operate in these sectors.
How does CoCounsel contribute to business development?
CoCounsel contributes to business development by empowering professionals to better serve their clients and develop their businesses. By enhancing efficiency and accelerating task completion, it allows professionals to focus more on strategic, high-value tasks that can directly contribute to business growth.
CoCounsel by Thomson Reuters
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