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CoCounsel

AI-powered legal assistant that streamlines legal research, document review, and contract analysis for legal professionals.

Pricing
Enterprise contract
Built for
BigLaw (AmLaw 200)
Funding
Acquired
Team size
1000+
Founded
2023

Use cases

Legal researchContract draftingCompliance monitoringDocument summarizationKnowledge managementDue diligance

Practice areas

Corporate / M&ALitigationIP (patents, trademarks)Employment / laborReal estatePrivacy & data protectionRegulatoryBankruptcyFamily lawCriminal lawImmigrationTax

Company

CoCounsel, offered by Thomson Reuters (thomsonreuters.com), is an AI-powered legal assistant designed to help legal professionals streamline their workflow. The AI product leverages advanced artificial intelligence to assist with tasks such as legal research, document review, contract analysis, and drafting. CoCounsel is targeted primarily at lawyers, law firms, and legal departments, aiming to increase efficiency and accuracy in legal work by automating time-consuming processes and providing quick, reliable insights.

Use cases in depth

Thomson Reuters offers a wide range of products and features for legal, tax, accounting, risk, and compliance professionals. Key features and functions include: - AI-powered legal research, drafting, and analysis (CoCounsel Legal, Westlaw, Practical Law) - Secure collaboration and workflow automation (HighQ) - Matter and spend management with AI (Legal Tracker) - Tax and audit workflow automation (CoCounsel Audit, Guided Assurance) - Automated tax compliance and reporting (ONESOURCE suite: Determination, Income Tax, Indirect Compliance, Pagero, Tax Provision) - Global trade and supply chain compliance (ONESOURCE Foreign Trade Zone Management, Global Classification AI, Denied Party Screening, Export Management) - Risk, fraud, and investigation tools (CLEAR platform: Investigate, Adverse Media, ID Confirm, Risk Inform, Fraud Detect) - E-book platform for legal and tax professionals (ProView) - Quick-reference tax research handbooks (Tax Quickfinder) - Developer APIs and integration tools for custom solutions These tools are designed to increase efficiency, accuracy, and compliance for professionals in law, tax, audit, accounting, and risk management.

Practice area fit

Thomson Reuters Practical Law supports a wide range of legal practice areas, including but not limited to: Corporate/M&A, Litigation, IP (patents, trademarks), Employment/Labor, Real Estate, Privacy & Data Protection, Regulatory, Bankruptcy, Family Law, Criminal Law, Immigration, and Tax. It covers all 50 U.S. states, 10 business sectors, and 17 major practice areas, as well as global and cross-border legal matters. Key features and functions of Practical Law include: - Generative AI tools for search, summarization, and workflow acceleration - Knowledge Map for interactive topic exploration - Interactive Matter Maps for visual, step-by-step legal task guidance - Quick Compare for custom jurisdictional comparison charts - What’s Market Analytics for deal and market trend analysis - Standard documents and clauses with drafting notes - Practice notes (how-to guides by legal experts) - Checklists, timelines, and decision trees for project management - Automated document drafting via guided questionnaires - State Q&A for multi-state legal research - Toolkits combining guides, templates, and updates - Legal updates and presentation materials - Integration with Westlaw for primary law access and task-based guidance These features are designed to save time, improve accuracy, and provide up-to-date, expert-driven legal content and tools for attorneys and legal professionals.

Security & compliance

Thomson Reuters is ISO 27001 certified and is committed to GDPR compliance. There is no public evidence that Thomson Reuters is SOC 2 Type II, HIPAA, or CCPA certified/compliant as of now.