Thomson Reuters Corporation announced yesterday it has signed a definitive agreement to acquire Casetext, a California-based provider of technology for legal professionals, for $650 million cash. The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent initiatives, including a commitment to invest more than $100 million annually on AI capabilities, …
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ChatGPT and Generative AI in Legal, Corporate & Tax Markets: Key Takeaways
New Thomson Reuters research uncovered a mix of optimism and caution in the adoption of generative AI among legal, tax, and accounting firms in the United States, UK, and Canada. ChatGPT and Generative AI in Legal, Corporate & Tax Markets further expands on findings released in the ChatGPT & Generative AI within Law Firms report, …
- June 21, 2023
- Carrie Brooker
Generative AI in Action: Product Demos for Thomson Reuters Suite of Legal Solutions
Leaders from the Thomson Reuters Legal Professionals business hosted a webinar with product demos to show how generative AI will be integrated across the legal product suite. The sneak peeks included Westlaw Precision, Practical Law, and Legal Drafting tools. Legal Current is sharing highlights of the session, where Paul Fischer, president of Legal Professionals; Mike Dahn, head …
- June 15, 2023
- Carrie Brooker
Generative AI Product Preview: Document Review and Summary Solution
Thomson Reuters is incorporating generative AI capabilities enterprise-wide to provide customers with a more conversational experience, intuitive automation, time savings and a significantly improved user experience. Integrating this new technology will transform Thomson Reuters solutions and enable customers to get their work done faster. Thomson Reuters is prioritizing its legal product suite, including Westlaw Precision, …
- June 14, 2023
- Carrie Brooker
Generative AI Product Preview: Legal Drafting and a Plugin with Microsoft 365 Copilot
Thomson Reuters is incorporating generative AI capabilities enterprise-wide to provide customers with a more conversational experience, intuitive automation, time savings and a significantly improved user experience. Integrating this new technology will transform Thomson Reuters solutions and enable customers to get their work done faster. Thomson Reuters is prioritizing its legal product suite, including Westlaw Precision, …
- June 12, 2023
- Carrie Brooker
Generative AI Product Preview: Practical Law
Thomson Reuters is incorporating generative AI capabilities enterprise-wide to provide customers with a more conversational experience, intuitive automation, time savings and a significantly improved user experience. Integrating this new technology will transform Thomson Reuters solutions and enable customers to get their work done faster. Thomson Reuters is prioritizing its legal product suite, including Westlaw Precision, …
- June 9, 2023
- Carrie Brooker
Generative AI Product Preview: Westlaw Precision
Thomson Reuters is incorporating generative AI capabilities enterprise-wide to provide customers with a more conversational experience, intuitive automation, time savings and a significantly improved user experience. Integrating this new technology will transform Thomson Reuters solutions and enable customers to get their work done faster. Thomson Reuters is prioritizing its legal product suite, including Westlaw Precision, …
- June 8, 2023
- Carrie Brooker
Thomson Reuters Case Center: Helping Courts Modernize and Improve Access to Justice
The pandemic accelerated efforts to modernize the U.S. court system. Yet ongoing delays, backlogs, and workforce shortages indicate that courts should continue investing in technology to run more efficiently. “But it’s going to take more than Zoom hearings and emailed PDFs to make that so,” Judge Samuel A. Thumma, who serves on the Arizona Court …
- June 7, 2023
- Carrie Brooker
Practical Law The Journal: June Issue Out Now
Practical Law The Journal is the award-winning magazine companion to Practical Law, covering a wide range of transactional, regulatory, and litigation topics. It publishes monthly in a digital-only format hosted on Reuters.com. Legal Current reached out to the Practical Law The Journal team to discuss what readers can look forward to in the June issue. …
- June 2, 2023
- Carrie Brooker
Elite Announces Completion of Majority Acquisition by TPG
In April, Thomson Reuters entered into a definitive agreement with TPG for them to acquire a majority stake of Elite. The deal has closed, and Elite is now an independent legal tech company. Thomson Reuters retains a minority ownership stake in Elite and has board representation. The new investment from TPG, alongside the expertise and …
- June 1, 2023
- Carrie Brooker