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 …
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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 …
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 …
Thomson Reuters Launches AI-Assisted Research on Westlaw and Additional Generative AI-Powered Solutions
Thomson Reuters today announced a series of generative AI initiatives designed to transform the legal profession. Headlining these initiatives is 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, created …
Australian Law Firms Rally Despite Expense Growth Challenges
Australian law firms finished the second half of fiscal year (FY) 2023 strong, rebounding in the face of softening demand and rising expenses in the first half of the year. That’s among the takeaways from the 2023 Australia: State of the Legal Market Report, which examines Thomson Reuters Financial Insights data from 20 law firms …
Future of Professionals Report: Legal Professionals’ Optimism and Wariness Around AI
Our Future of Professionals Report reflects our history of partnering with legal professionals and our commitment to applying innovative technology that helps our customers better serve their clients. The report surveyed more than 1,200 professionals in legal, tax and accounting, global trade, and risk and compliance industries. Legal professionals’ perspectives in the report are what …
ILTACON Takeaways from Thomson Reuters: “Everything Began and Ended with Generative AI”
ILTACON seemed back this year,” said Zach Warren, manager, Enterprise Content for Technology and Innovation, Thomson Reuters Institute. “While attendance may not have been exactly at pre-COVID levels, it was darn close, and the energy felt the same.” With more than 3,400 registrants, as Steve Embry noted on TechLaw Crossroads, it was the second most-attended …
Thomson Reuters Future of Professionals Report: Top Takeaways for the Legal Market
Improving productivity, driving law firm profitability, and providing high-quality advice to clients are among the top motivators for legal professionals to embrace AI, including generative AI. These are among the findings of the Future of Professionals Report, which surveyed more than 1,200 professionals in legal, tax and accounting, global trade, and risk and compliance industries. …
Thomson Reuters Completes Acquisition of Casetext, Inc.
Thomson Reuters announced today that it has closed on its previously announced acquisition of Casetext, Inc., a provider of technology for legal professionals, for a purchase price of $650 million in cash. Founded in 2013, Casetext uses advanced AI and machine learning to build technology for legal professionals, creating solutions that help them work more efficiently and …
Generative AI Insights from Joel Hron: How Thomson Reuters Will Deliver Trustworthy Results
Joel Hron, vice president of Technology, was among the presenters at the webinar Thomson Reuters hosted in June to offer sneak peeks of the generative AI capabilities in Westlaw, Practical Law, Legal Drafting tools, and the plugin with Microsoft 365 Copilot. More than 150 attendees submitted questions during the webinar. Today, Hron provides the second piece in …
