Aug 19, 2024 | AI
CoCounsel 2.0 Launch: Legal Industry Reactions
Takeaways from leading legal industry journalists and influencers on the debut of CoCounsel 2.0
Notable ILTACON moments included the launch of CoCounsel 2.0 and a celebration of the one-year anniversary of Casetext joining Thomson Reuters. Below are takeaways from legal industry journalists and influencers on the Thomson Reuters milestones.
“It seems like just last year we were talking about CoCounsel 1.0, the generative AI product launched by Casetext and then swiftly acquired by Thomson Reuters,” Joe Patrice said in Above the Law. “That’s because it was just last year. Since then, Thomson Reuters has worked to marry Casetext’s tool with TR’s treasure trove of data.”
Patrice noted CoCounsel 2.0 draws on “the experience gained over the last year and a mélange of multiple LLMs under the hood” and includes Claims Explorer – an AI skill in Westlaw Precision – plus CoCounsel Drafting.
In Law.com, Isha Marathe highlighted CoCounsel 2.0 as “a much faster, more polished chatbot” that offers more personalization.
“Thomson Reuters’ CoCounsel 2.0, which has a ChatGPT-like interface, now also connects with the user’s DMS to offer a more integrated, personal experience,” Marathe said. “Additionally, usernames, passwords and other log-in keys will also be standardized across various Thomson Reuters applications, explained Jake Heller, CEO and co-founder of Casetext, part of Thomson Reuters.”
Marathe added: “Essentially, this brings CoCounsel ‘on the same infrastructure’ as the user’s Westlaw and Thomson Reuters applications, Heller said, creating a user-centric experience as opposed to a fragmented one.”
Richard Tromans emphasized comments David Wong, chief product officer, Thomson Reuters, made during his ILTACON presentation on CoCounsel 2.0 about the strength of Thomson Reuters data.
“David Wong, CPO, said that ‘this is the most meaningful work I have done at Thomson Reuters,’” Tromans noted. “He then stressed the fact that they have all the three main food groups when it comes to AI tool development: ‘We have the data, the expertise, and the tech. Few have all three in such quantity and depth.’ And that’s a key point. If you look at some of the challengers out there, there are few that have all of that lovely, rich data.”
Tromans added. “… Wong is right, having genAI skills and having a smart team is great, but a ton of authoritative legal data is the cherry on the cake if you want to offer a really broad genAI platform.”
Watch the Innovation Blog for more on the one-year anniversary of Casetext joining Thomson Reuters, and read Innovation Blog posts for more product news, leader insights, and customer perspectives on how Thomson Reuters is paving the way for the future of professionals.
