CoCounsel by Thomson Reuters

CoCounsel by Thomson Reuters

CoCounsel by Thomson Reuters is a generative AI assistant that streamlines legal and tax workflows for professionals.

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About CoCounsel by Thomson Reuters

CoCounsel is an enterprise-grade generative AI platform built by Thomson Reuters to accelerate complex work across legal, tax, audit, and accounting practices. By combining advanced language models with trusted legal and tax content, the platform helps professionals complete research, drafting, document analysis, and compliance tasks in a fraction of the traditional time. The AI is grounded in authoritative sources rather than general internet data, reducing hallucinations and ensuring compliance-ready outputs. The platform offers two main solutions: CoCounsel Legal integrates case research, contract drafting, and document review into a unified workspace, while CoCounsel Tax optimizes tax planning and compliance by merging verified tax guidance, firm knowledge, and automated workflows. Both leverage agentic AI to handle multi-step processes independently, allowing professionals to focus on high-value strategy and client service rather than repetitive research and administrative tasks. CoCounsel integrates seamlessly with tools professionals already rely on, including Westlaw, Practical Law, Checkpoint, and Microsoft 365. This compatibility means minimal disruption to existing workflows while unlocking AI-powered productivity. The platform prioritizes data security by training only on licensed content and never using client data for model improvement, addressing critical privacy concerns in regulated industries.

Pros

👍 Built on trusted legal and tax content, reducing unreliable outputs 👍 Seamless integration with Westlaw, Practical Law, and Microsoft 365 👍 Handles multi-step workflows autonomously through agentic AI 👍 Strong data privacy protections—no client data used for training

Cons

👎 Requires existing subscriptions to integrated platforms for full value 👎 Adoption curve may be steep for firms with legacy workflows 👎 Limited to professionals in legal, tax, and accounting sectors