Today Thomson Reuters announced the “Buy Now Program” which will enable law firms and legal departments to lock in pricing before the official rollout of their new CoCounsel Drafting solution.
Rawia Ashraf, VP, Product, Legal Technology at Thomson Reuters provided a product walkthrough. She described the product as an end-to-end workflow solution for both transactional lawyers and litigators. The beta version of the transactional tool is currently available to 20 law firms and legal departments.
According to a recent Thomson Reuters survey, lawyers spend 40 to 60% of their time drafting and that 96% are dissatisfied with their drafting tools.
The CoCounsel Drafting tool is grounded in Practical Law content and will also allow firms to access their own Sharepoint document. The tool does not currently integrate with document management systems but that linkage is being developed.
Integration with Other TR products – the full functionality of the Drafting Tool requires customers to also have subscriptions to Practical Law, Deal Proof and Westlaw when the litigation drafting tool is launched. WestKM, Thomson Reuters knowledge management solution was not mentioned as a potential component. Since many law firms still have not built workable KM solutions, is there an opportunity to address the KM gap by creating an AI enabled version of WestKM?
The Knowledge Management Gap. many firms have not yet developed their own playbooks or curated precedent repositories, TR is prepared to help firms develop their own playbooks. As AI is integrated into the DMS products these new features should help firms identify and tag their precedent documents.
How it works. Workflow is driven by CoCounsel drafting tool.Continue Reading Thomson Reuters announces the “Buy Now Program” for New CoCounsel Drafting end-to-end Solution.
presented the results with HBR Managing Director Kris Martin. The Dewey B Strategic “Start Stop Survey” was launched in 2013 but was suspended during the pandemic. The 2022 survey was intended
improve the quality of research results. Westlaw Precision will be sold as an upgrade to Westlaw Edge. Westlaw Precision is tackling the gnarly and perennial problem of language ambiguity by doubling down on taxonomy. At launch, Westlaw Precision covers 8 topics (Commercial law, Federal Civil Procedure, Federal Discovery and Evidence, Federal Remedies, Federal Class Actions, Employment, Securities, and Anti-trust.) Fifteen new topics will be released through 2023. Only the most recent 12 years of caselaw in each topic are included in search results.
including rebranding, mergers, innovation, service disruptions, product realignments, launches, workflow and analytics. In looking at the list I am shocked to see that there is no reference at all to COVID-19.
research assistance. Execs at TR must have gotten whiplash when they threw the policy into reverse on January 5. However they