Thomson Reuters is sharing its expanded vision for CoCounsel, its generative AI (GenAI) assistant. The CoCounsel expansion will unify the customer experience and give customers a new way to access Thomson Reuters product capabilities with applications across legal, tax, risk & fraud, and media segments. CoCounsel can handle complex tasks with natural language understanding, providing …
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LegalTech
Podcast Highlights: Emily Colbert on the Human Side of Generative AI
Emily Colbert, senior vice president of product management at Thomson Reuters, joined Dennis Kennedy and Tom Mighell on the Kennedy Mighell Report to talk about how legal professionals are using AI. They discussed the integration of generative AI into Practical Law, which Colbert emphasized required extensive human expertise. They also talked about driving efficiencies and …
- April 2, 2024
- Carrie Brooker
Podcast Highlights: Pablo Arredondo on the Legal Profession’s “Fervor and Excitement” Around Generative AI
Pablo Arredondo, vice president of CoCounsel at Thomson Reuters and co-founder of Casetext, has been making the rounds on legal tech and AI podcasts, celebrating the one-year anniversary of CoCounsel. Legal Current shares highlights from his conversations on 3 Geeks and a Law Blog and The Cognitive Revolution. Arredondo talked with The Cognitive Revolution’s Nathan …
- March 18, 2024
- Carrie Brooker
International Women’s Day: Kriti Sharma Calls for More Women Working in AI, LegalTech
Thomson Reuters Chief Product Officer of LegalTech Kriti Sharma is asking how the legal industry can better support women pursuing careers and opportunities around AI. In honor of International Women’s Day, Sharma discusses on LinkedIn the need for more female role models in the tech sector as AI opens up traditional career pathways and creates …
- March 8, 2024
- Carrie Brooker
Podcast Highlights: Mike Dahn and Joel Hron Talk AI Strategy with Bob Ambrogi
Mike Dahn, head of Westlaw Product Management for Thomson Reuters, and Joel Hron, head of AI and Thomson Reuters Labs, recently joined Bob Ambrogi for a conversation on the company’s generative AI strategy. Legal Current listened in to share highlights from their podcast. They started with the impact of last year’s launch of AI-Assisted Research …
- March 4, 2024
- Carrie Brooker
“Embrace the litigators in your lives:” Reactions to the Latest Thomson Reuters Law Firm Financial Index
“Embrace the litigators in your lives” may sound like a Valentine’s Day lawyer meme, but it was Joe Patrice’s takeaway from the Q4 2023 Thomson Reuters Law Firm Financial Index. Journalists’ and bloggers’ coverage of the report, released last week, emphasized how law firms’ profits rebounded in 2023, driven by rate growth and stronger demand …
- February 20, 2024
- Carrie Brooker
Firms Reconsider How Technology Shapes Productivity as Law Firm Market Returns to Profitability
Law firms showed resilience in 2023, taking advantage of shifts in market demand and aggressively raising rates while exercising restraint in costs, particularly talent costs for associates. This balanced approach of managing for both topline growth and cost controls paid dividends for firms; if they continue to successfully execute on those strategies, the market is …
- February 16, 2024
- Carrie Brooker
AI Insights from the 2024 Report on the State of the US Legal Market
AI is transforming every aspect of work across industries, and Thomson Reuters is at the forefront of revolutionizing how legal professionals work. The 2023 launch of AI-Assisted Research on Westlaw Precision was the first in a series of key legal product rollouts integrating generative AI. Later this month, generative AI capabilities will be introduced in …
- January 23, 2024
- Carrie Brooker
2024 Predictions from Thomson Reuters Legal Leaders
Most – ok, all – conversations about what to watch for in 2024 turn to predictions on just how disruptive artificial intelligence, particularly generative AI, will be. Thomson Reuters leaders in the legal space shared their insights on what’s in store for 2024. “Natural language interface will become table stakes for many legal software users …
- January 19, 2024
- Carrie Brooker
Legal Industry Reaction to AI-Assisted Research on Westlaw Precision and the Thomson Reuters Generative AI Strategy
Thomson Reuters provided legal industry journalists a sneak peek of AI-Assisted Research on Westlaw Precision and introduced a series of additional initiatives, including the new generative AI assistant connecting all Thomson Reuters generative AI products, Thomson Reuters Generative AI Platform, generative AI capabilities in Practical Law, and CoCounsel Core. Legal Current shares perspectives from legal …
- November 20, 2023
- Carrie Brooker