Overview

CoCounsel, previously known as Casetext, is a Gen AI assistant developed by Thomson Reuters. It is designed to cater to professionals in legal, tax, audit, and accounting sectors, providing an integrated AI solution for their multifaceted needs.

Mainly utilized to enhance the efficiency of workflow and accelerate multistep tasks, CoCounsel is aimed at empowering professionals to better serve their clients and develop their business.

Its suite includes CoCounsel Legal and CoCounsel Tax. The former amalgamates research, drafting, and document analysis, while the latter optimizes tax practice by merging trustworthy answers, automation and firm knowledge in one platform.

Compatible with distinguished platforms such as Westlaw, Practical Law, Checkpoint and Microsoft 365, CoCounsel supports smooth transition between tasks by engaging agentic and generative AI.

The AI models developed are based on trusted content and do not incorporate user data for training purposes, ensuring data privacy. CoCounsel strives to provide innovative solutions to professionals by leveraging advanced AI to deliver quicker insights and manage complex workflows.

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CoCounsel by Thomson ReutersInitial

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Initial release

February 6, 2025

Initial release of CoCounsel by Thomson Reuters.

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Pros and Cons

Pros

Serves multiple professions

Workflow efficiency

Multistep tasks acceleration

Client service improvement

Business development tool

Dedicated legal suite

Dedicated tax suite

Compatible with Westlaw

Practical Law compatible

Microsoft 365 compatible

Transitions smoothly between tasks

Trustworthy content basis

Doesn't use user data

Ensures data privacy

Distinguished platforms compatibility

Delivers quicker insights

Manages complex workflows

Exclusively designed for professionals

Optimizes tax practice

Firm knowledge merge

Drafting tool included

Legal-tech tool

Audit tool

Accounting Tool

Confidentiality of user data

Incorporates Research, Drafting, Document Analysis

Supports Task Transition

Time Efficiency enhancement

Checkpoint Compatible

View 24 more pros

Cons

No user-data driven training

Limited to legal professionals

Not fully independent, requires supplements like Westlaw

Data centers solely US-based

Strictly professional grade, not for individuals

No revealed API access

No explicit multi-language support

Unknown cost structure

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Q&A

What is CoCounsel by Thomson Reuters?

CoCounsel by Thomson Reuters, previously known as Casetext, is a Gen AI assistant designed to cater to professionals in legal, tax, audit, and accounting sectors. It offers integrated AI solutions to enhance workflow efficiency, accelerate multistep tasks, and empower professionals to better serve their clients and develop their business.

Can you explain the purpose of CoCounsel Legal?

CoCounsel Legal, a part of the CoCounsel suite, is designed to amalgamate research, drafting, and document analysis. Its mission is to transform legal work by providing a unified AI solution that brings together research, drafting, and document analysis in a single experience. It leverages trusted content and advanced AI to accelerate multistep tasks, aiming to improve service to clients and business growth.

How does CoCounsel Tax serve the needs of professionals?

CoCounsel Tax serves the needs of professionals by optimizing tax practice. It combines trustworthy answers, automation, and firm knowledge into one seamless platform. This is aimed at enhancing efficiency, reducing risk, and improving client confidence,automating significant portion of tax-process work.

Does CoCounsel integrate with any other professional platforms?

CoCounsel is compatible with several distinguished platforms such as Westlaw, Practical Law, Checkpoint and Microsoft 365. This supports a smooth transition between tasks by enabling users to switch effectively from one platform to another.

Which legal, tax, audit and accounting tasks can CoCounsel automate?

CoCounsel is built to automate a range of tasks within legal, tax, audit, and accounting realms. This includes the automation of research, drafting, and document analysis in the field of law, as well as optimizing tax practice by providing trustworthy answers, automation and consolidating firm knowledge in one platform.

Does the AI models of CoCounsel retain user data?

No, the AI models of CoCounsel do not retain user data. The models are developed based on trusted content, and do not incorporate user data for training purposes, thereby ensuring data privacy.

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How does CoCounsel AI differ from other AI tools?

CoCounsel AI stands out from other AI tools through its use of agentic and generative AI to make a smooth transition between tasks possible. It implements advanced AI technologies to deliver quicker insights and manage complex workflows, utilizing trusted content and ensuring data privacy whilst doing so.

Is CoCounsel compatible with Microsoft 365?

Yes, CoCounsel is fully compatible with Microsoft 365. This compatibility allows users to seamlessly integrate their work with the Microsoft suite, facilitating streamlined workflows and easier task management.

How does CoCounsel support workflow efficiency in a legal or tax firm?

CoCounsel supports workflow efficiency in legal or tax firms by using advanced AI to speed up the discovery of actionable insights and manage complex workflows. It allows professionals to move effortlessly between tasks with the help of its agentic and generative AI capabilities.

Can CoCounsel help with document analysis?

Yes, CoCounsel can greatly assist with document analysis. It amalgamates research, drafting, and document analysis, providing a unified solution for legal professionals, and can extract insights from a variety of document types quickly and accurately.

What type of professionals is CoCounsel designed for?

CoCounsel is designed for professionals in legal, tax, audit, and accounting sectors. This includes both individual professionals like lawyers, tax consultants, auditors and accountants, and organizations that operate in these sectors.

How does CoCounsel contribute to business development?

CoCounsel contributes to business development by empowering professionals to better serve their clients and develop their businesses. By enhancing efficiency and accelerating task completion, it allows professionals to focus more on strategic, high-value tasks that can directly contribute to business growth.

How does CoCounsel ensure data privacy?

CoCounsel ensures data privacy by not incorporating user data for training its AI models. It also utilizes advanced encryption and industry-standard protocols to protect sensitive data during transit and storage.

What are the key features of agentic and generative AI in CoCounsel?

Agentic and generative AI are key features of CoCounsel that allow it to understand context and nuance across products and workflows. Agentic AI makes autonomous decisions based on programmed instructions, while generative AI helps to create new content, such as responses to legal inquiries or drafting legal documents, based on the input it receives.

How will CoCounsel empower professionals to better serve their clients?

CoCounsel empowers professionals to better serve their clients by enhancing workflow efficiency and accelerating multistep tasks. It allows professionals to spend less time on mundane tasks and focus more on providing high-value services to their clients.

Is CoCounsel compatible with Westlaw and Practical Law?

Yes, CoCounsel is compatible with both Westlaw and Practical Law. This compatibility allows for a seamless integration with these platforms, allowing users to navigate tasks smoothly and effectively.

How does CoCounsel facilitate task transition?

Through the implementation of agentic and generative AI, CoCounsel facilitates smooth transitions between tasks. It is designed to understand context and nuances across multiple platforms, which allows professionals to effortlessly switch between tasks and increase their overall efficiency.

How can CoCounsel help improve time efficiency in a professional setting?

CoCounsel helps improve time efficiency in a professional setting by using AI to accelerate multistep tasks. By automating such tasks, CoCounsel enables professionals to focus their time and effort on tasks that require human judgement and expertise.

What makes CoCounsel a trusted content provider?

CoCounsel is a trusted content provider because its AI models are based on trusted content. It provides professionals with reliable and verified answers and ensures data privacy by not using user data to train its AI models.

What is the difference between CoCounsel Legal and CoCounsel Tax?

CoCounsel Legal and CoCounsel Tax are two distinct tools within the CoCounsel suite. CoCounsel Legal focuses on legal practices, offering research, drafting, and document analysis in one platform. On the other hand, CoCounsel Tax is designed to optimize tax practices, merging trustworthy answers, automation and firm knowledge in one seamless experience.

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