Richard Tromans Archives - Thomson Reuters Institute https://blogs.thomsonreuters.com/en-us/innovation-topics/richard-tromans/ Thomson Reuters Institute is a blog from ¶¶Òõ³ÉÄê, the intelligence, technology and human expertise you need to find trusted answers. Tue, 26 Nov 2024 14:30:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 CoCounsel Drafting Is Now Available for the UK Market /en-us/posts/innovation/cocounsel-drafting-is-now-available-for-the-uk-market/ Tue, 26 Nov 2024 08:32:05 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=64019 I’m excited to share that ¶¶Òõ³ÉÄê rolled out CoCounsel Drafting – an end-to-end drafting solution that streamlines and improves the drafting process for legal professionals within Microsoft Word – for UK legal professionals. CoCounsel Drafting allows users to easily and quickly move through the phases of contract creation, and our latest version is tailored for the UK market.

The generative AI-driven solution enables UK legal professionals to find the best starting point from their own databases or Practical Law templates, use content from Practical Law alongside their legal department’s or firm’s contract repository to draft or revise clauses, leverage Practical Law contract playbooks, and correct common drafting errors. It uses AI to refine and review documents, producing more accurate, higher-quality work – without leaving Microsoft Word.

Rawia Ashraf, Vice President of Product Management, ¶¶Òõ³ÉÄê

I recently shared a CoCounsel Drafting demo with ’s Richard Tromans.

“The offering has been especially shaped for legal needs here and will directly engage with TR’s contract data in Practical Law,†Tromans said in .

I highlighted CoCounsel Drafting capabilities and features for Tromans, and we discussed how “LLM-supported drafting could be truly transformative.†We talked about how users will be able to use the large language model (LLM) to modify a clause, for example, and how CoCounsel Drafting uses generative AI grounded in retrieval augmented generation (RAG) to access Practical Law content and notes.

We also discussed how CoCounsel Drafting delivers a level of detail similar to what a junior associate may produce when asked to draft a contract. I noted that CoCounsel Drafting allows customers to use their own playbook to draft a preferred set of terms for any contract type or use a Practical Law playbook for a range of popular contract types.

Finally, Tromans and I discussed integrations – with HighQ and with document management systems (DMS) including iManage – as well as security.

On the other side of the pond, U.S. customer feedback on CoCounsel Drafting, which we introduced earlier this year, has been overwhelmingly positive. I hope that UK legal professionals are equally pleased with the time savings and productivity increases CoCounsel Drafting offers.

As a former lawyer turned AI product leader, I’ve lived the pain of tedious legal tasks firsthand. That’s why I’m passionate about harnessing generative AI to transform legal drafting. I know how much time and energy gets wasted on repetitive tasks, taking away from the work that really matters. Now, I’m excited to help lawyers reclaim that time and focus on what they love – whether that’s helping clients, developing strategy, or simply enjoying a better work-life balance.

You can learn more about CoCounsel Drafting , and check out Tromans’ blog .

This is a guest post from Rawia Ashraf, vice president of Product Management, ¶¶Òõ³ÉÄê.

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CoCounsel 2.0 Launch: Legal Industry Reactions /en-us/posts/innovation/cocounsel-2-0-launch-legal-industry-reactions/ Mon, 19 Aug 2024 16:54:50 +0000 https://blogs.thomsonreuters.com/en-us/?post_type=innovation_post&p=62692 Notable moments included the launch of CoCounsel 2.0 and a celebration of the one-year anniversary of Casetext joining ¶¶Òõ³ÉÄê. Below are takeaways from legal industry journalists and influencers on the ¶¶Òõ³ÉÄê milestones.

“It seems like just last year we were talking about CoCounsel 1.0, the generative AI product launched by Casetext and then swiftly acquired by ¶¶Òõ³ÉÄê,†Joe Patrice said in . “That’s because it was just last year. Since then, ¶¶Òõ³ÉÄê has worked to marry Casetext’s tool with TR’s treasure trove of data.â€

Patrice noted CoCounsel 2.0 draws on “the experience gained over the last year and a mélange of multiple LLMs under the hood†and includes Claims Explorer – an AI skill in Westlaw Precision – plus CoCounsel Drafting.

In , Isha Marathe highlighted CoCounsel 2.0 as “a much faster, more polished chatbot†that offers more personalization.

“¶¶Òõ³ÉÄê’ CoCounsel 2.0, which has a ChatGPT-like interface, now also connects with the user’s DMS to offer a more integrated, personal experience,†Marathe said. “Additionally, usernames, passwords and other log-in keys will also be standardized across various ¶¶Òõ³ÉÄê applications, explained Jake Heller, CEO and co-founder of Casetext, part of ¶¶Òõ³ÉÄê.â€

Marathe added: “Essentially, this brings CoCounsel ‘on the same infrastructure’ as the user’s Westlaw and ¶¶Òõ³ÉÄê applications, Heller said, creating a user-centric experience as opposed to a fragmented one.â€

Richard Tromans David Wong, chief product officer, ¶¶Òõ³ÉÄê, made during his ILTACON presentation on CoCounsel 2.0 about the strength of ¶¶Òõ³ÉÄê data.

“David Wong, CPO, said that ‘this is the most meaningful work I have done at ¶¶Òõ³ÉÄê,’†Tromans noted. “He then stressed the fact that they have all the three main food groups when it comes to AI tool development: ‘We have the data, the expertise, and the tech. Few have all three in such quantity and depth.’ And that’s a key point. If you look at some of the challengers out there, there are few that have all of that lovely, rich data.â€

Tromans added. “… Wong is right, having genAI skills and having a smart team is great, but a ton of authoritative legal data is the cherry on the cake if you want to offer a really broad genAI platform.â€

Watch the Innovation Blog for more on the one-year anniversary of Casetext joining ¶¶Òõ³ÉÄê, and read Innovation Blog posts for more product news, leader insights, and customer perspectives on how ¶¶Òõ³ÉÄê is paving the way for the future of professionals.

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