The company is also introducing AI-Assisted Research and CoCounsel Core, giving legal professionals access to eight GenAI-powered core skills. These skills range from AI-Assisted Research on Westlaw Precision to Contract Policy Compliance. Thomson Reuters plans to develop additional GenAI skills to meet customer-specific needs. The company's GenAI tools leverage the capabilities of Thomson Reuters Labs, its 1,600 attorneys, and its content.
Key takeaways:
- Thomson Reuters is launching initiatives to transform the legal profession using generative AI, providing tools to enhance research and workflow for legal professionals.
- The company is introducing GenAI within the AI-Assisted Research on Westlaw Precision platform, which allows legal professionals to quickly find answers to complex research questions.
- In 2024, Thomson Reuters plans to launch an AI assistant that will serve as the interface across its products with GenAI capabilities, providing a seamless experience for customers.
- GenAI tools offer the potential to redistribute workloads in ways that can allow junior associates to conduct more complex, value-added work, according to a report by PYMNTS Intelligence.