Thomson Reuters Is Redefining the Future of Work for Legal Professionals with Generative AI
Thomson Reuters today shared a vision to redefine the future of work for legal professionals through generative AI, providing users with more conversational experiences, time savings, intuitive automation, and a significantly improved user experience. In addition to investing more than $100 million annually to further integrate AI capabilities into its offerings, Thomson Reuters is developing a new plugin with Microsoft 365 Copilot.
Legal Current shares highlights of today’s announcement and what it means for legal professionals.
Incorporating Generative AI Capabilities Across Legal Solutions
With a long history as a leader in leveraging AI and machine learning, Thomson Reuters has used increasingly sophisticated AI and machine-learning capabilities to improve search and expand analytics through product advances for decades. Thomson Reuters is now incorporating generative AI capabilities across its product suite, including Westlaw Precision, Practical Law and Drafting tools, which will be released in the second half of 2023.
- Westlaw Precision: With generative AI, customers can find answers to complex legal questions in seconds, based on proprietary, expert content.
- Practical Law: Smarter, faster access to the expertise of more than 650 attorney editors combined with the power of generative AI.
- Legal Document Review and Summary: With generative AI reading through hundreds or even thousands of relevant documents in just seconds, customers can spot key risks, resolve questions, execute tasks, and generate powerful work product. Powered by HighQ, Practical Law, and Document Intelligence.
- Legal Drafting: Bringing together Thomson Reuters trusted content and intelligence from across Westlaw, Practical Law, and Document Intelligence to surface key insights, legal knowledge, and answers to complex questions.
Plugin with Microsoft 365 Copilot
Working with Microsoft, Thomson Reuters has developed a contract drafting solution, powered by its legal products and content, and Copilot for Word. This integration will bolster efforts for redefined professional work starting with legal research, drafting, and client collaboration.
Providing users with a draft working document and access to trusted content where work happens – in Microsoft Word – legal professionals can use their expertise to edit, validate, and build the final document with integrated access to Thomson Reuters knowledge, content, and AI technology.
A demonstration of the integration between Thomson Reuters Legal Drafting and Microsoft 365 Copilot for Word will be shown during this week’s Microsoft Build event in Seattle. In the demo, Copilot creates a draft contract with help from a Thomson Reuters plugin that surfaces intelligence and content from Westlaw, Practical Law, and Document Intelligence – delivering in minutes work that used to take hours directly into Microsoft Word.
AI and Data Principles
Thomson Reuters recently updated its AI and Data Principles, reinforcing its strong commitment to building trustworthy, practical, and beneficial AI for customers. The update reflects recognition of the evolving AI technology landscape and the need to unlock AI in secure, transparent, and accountable ways.