The American Arbitration Association (AAA) and its international division, the International Centre for Dispute Resolution (ICDR) have announce the release of the AAAi Lab, “a web center supporting AAA users, arbitrator, in-house counsel and law firms with policy guidance, educational webinars and tools for embracing generative AI in alternative dispute resolution.”

I met with Bridget McCormack, President and CEO and  Chief Legal Officer, Eric Tuchmann, to discuss this exciting new initiative..Continue Reading AAA Launches New AAAi Lab to Prepare for the Transformation of ADR Processes

Yesterday I attended a press event hosted by Thomson Reuters where they announced an demoed a  suite  of four GenAI products and initiatives. Only three months after completing the acquisition of Casetext they are launching a suite of tools which are driven by the integration of Casetext and CoCounsel technologies with TRs legacy AI infrastructure.

Standing on the Doorstep of Change I have spent forty years watching legal research evolve, so my focus in this post will be on the Westlaw Precision AI functionality. During yesterday’s demo, I had to remind myself “we are not in Kansas anymore.” My default is to expect the product to be more like the research experience am used to in Westlaw Edge. This reminds me of the early days of Westlaw – it started out being a system which could only search the West headnotes and the key number system. It delivered efficiencies over print research but didn’t at all suggest the completely transformed and unimaginable changes that would come. No one was thinking about legal analytics in 1980, but now they are an essential part of legal strategy and legal research. I feel that we are in that same place with AI Assisted Research on Westlaw Precision, It offers a foundational move toward a new way of performing research and integrating research into workflow. I need to remind myself that there is a future of legal research I can’t yet imagine.

The new products include:

• AI-Assisted Research on Westlaw Precision – Better, faster answers to complex research questions drawn from the industry’s most comprehensive collection of editorially enhanced content.

 • A new GenAI assistant connects all Thomson Reuters generative AI products, building on innovation from Casetext

• Thomson Reuters Generative AI Platform – A common development platform to design, build, and deploy GenAI skills with unparalleled speed • New GenAI capabilities for Practical Law – Customers to benefit from AI chat-type interface

• CoCounsel Core – Announcing the commercial offering of CoCounsel skills as part of the Thomson Reuters portfolio

“Thomson Reuters is redefining the way legal work is done by delivering a generative AI-based toolkit to enable attorneys to quickly gather deeper insights and deliver a better work product. AI-Assisted Research on Westlaw Precision and CoCounsel Core provide the most comprehensive set of generative AI skills that attorneys can use across their research and workflow,” said David Wong, chief product officer.

AI Assisted Research on Westlaw Precision is now available to Precision customers in the United States. It is described as offering a “best of” approach which combines the technology from both Casetext and the Thomson Reuters Generative AI Platforms. .AI-Assisted Research allows customers to ask complex legal research questions in natural language and  receive synthesized answers, with links to supporting authority from Westlaw content and links to further examine that authority. During a pre-launch event Mike Dahn, Head of Westlaw Product  pointed out that although AI is an important component of the new product, the technology is rooted in and enhanced by “more than 150 years of Thomson Reuters classification, analysis, and editorial expertise contributed by subject matter experts and attorney editors”.

A few observations:Continue Reading Thomson Reuters Launches Generative AI-Powered Solutions  for Research and Workflow – Previews Generative AI Strategy

Today vLex  is announcing a suite of AI tools in its research assistant platform Vincent AI. Since the merger with Fastcase in 2023, vLex has offered the “world’s most comprehensive AI legal research platform.”  vLex has launched an invitation-only beta which includes a suite of large language model (LLM) tools. The beta will be offered to additional users in the coming months.

This announcement ratchets up the already feverish competition taking place in the legal research market. Thomson Reuters recently purchased Casetext CoCounsel for 650 Million and is expected to launch an integration with Westlaw Precision before the end of the year. LexisNexis is testing AI tools with customers and Bloomberg Law has made AI tools available in an Innovation Studio. All are expected to launch LLM enabled AI tools in the near future. I anticipate that we are in for a year (or maybe a decade) of leapfrogging AI technology launches. .

“AI tools are only as good as the data they rely on,” said vLex CEO Lluís Faus, “and the vLex law library is one of the largest collections of structured law on the planet, including leading expert commentary. That leads to unprecedented insights for legal tasks. For legal LLMs, this release is a major improvement. It is as big as the jump from ChatGPT to GPT4. The results are astonishing.”Continue Reading vLex Launches First Global AI Legal Assistant: Vincent AI for Research and Drafting

Thomson Reuters’  deal to purchase  Casetext has driven the legal tech hype cycle to a fever pitch. Don’t get me wrong. I am a big fan of Casetext. I have been an admirer for over a decade. More than once, I have watched them not just beat the market, but redirect the market and invent whole new categories of legal research products. I have spent a lot of time over the past few years musing about innovation,  new product categories and market advantage.

When Casetext created the “brief analysis” tool CARA, it was three years before even one of the largest legal information companies launched a brief analyzer and it was four years before all three,; Thomson Reuters, LexisNexis and Bloomberg Law, had a brief analyzer on the market.

Note: vLex (Fastcase) launched the Vincent “brief checker” in the international market in 2018., two years after the launch of CARA. The above graphic was focused on the U. S. market.

Similarly, with Compose, Casetext introduced “parallel search” and a new category of concept searching was born. Or as Casetext co-founder Pablo Arredondo likes to exclaim “parallel search freed lawyers from the prison of the keyword.” This time The market responded in less than two years. LexisNexis launched “Fact and issue Finder” which leveraged extractive AI technology built on a highly tailored version of Google’s BERT to present insights to researchers.   Westlaw responded with Westlaw Precision built with a large editorial team to help with machine learning. The response time in the market is growing shorter.

Industry Insiders’ Perspectives I have spoken to several legal tech industry insiders and the consensus seems to be that within 6  to 12 months, Thomson Reuters competitors Lexis, Bloomberg Law, and vLex (formerly Fastcase)  are likely to have developed capabilities which can compete with CoCounsel. No one is starting from scratch. According to Ed Walters, Chief Strategy Officer at vLex, “we already have global AI products in the labs. We don’t release vaporware, but these products are coming no matter who owns Casetext.”Continue Reading Thomson Reuters $650M Bet on Casetext CoCounsel. Did They Buy Market Dominance or Just Time?