On Monday, Thomson Reuters unveiled CoCounsel 2.0, a “significant milestone in the company’s vision for a single GenAI assistant enabling professionals across industries to accelerate and streamline entire workflows,” according to the press release. Thomson Reuters says CoCounsel 2.0 generates answers three times faster than the current version of CoCounsel, while functioning more intuitively and producing more thorough, nuanced results.
More than just an upgrade, Thomson Reuters, who came to own the original CoCounsel through the acquisition of Casetext for $650 million in cash in summer 2023, is positioning CoCounsel 2.0 as “a profound leap forward in GenAI assistance” and “a single GenAI assistant that does more than reliably complete individual tasks, while also working more smoothly, naturally, and independently on more of the jobs constituting complex workflows” in the release. CoCounsel 2.0 is designed to function as “an extra team member” and is estimated to free up 12 hours a week for legal professionals over the next five years, according to the Thomson Reuters Future of Professionals report.
CoCounsel 2.0. Courtesy image