Thomson Reuters announced the expanded vision for CoCounsel, its professional-grade GenAI assistant. CoCounsel will unify the entire customer experience and give customers a new way to access Thomson Reuters product capabilities through a single GenAI assistant with applications across Legal, Tax, Risk & Fraud, and media. CoCounsel is an AI assistant that acts like a team member - handling complex tasks with natural language understanding.

Completing tasks at superhuman speeds, CoCounsel provides high-quality information at the right time, maintains multiple threads of work, as well as keeping context and memory across the different tasks and products customers use each day. By augmenting professional work with GenAI skills, CoCounsel delivers accelerated and streamlined workflows, enables professionals to produce higher-quality work more quickly, all while keeping customer data secure. Over time CoCounsel will link Thomson Reuters products across its entire portfolio, meaning customers can bring together multiple skills and workflows from different products into one place to enhance user experience and value.

Delivering new CoCounsel skills for Tax and Legal professionals: CoCounsel is embedded in and delivers the power of GenAI where professionals work, whether it's in Westlaw Precision with CoCounsel, and Practical Law Dynamic Tool Set with CoCounsel. the company is announcing new, additional skills for both Tax and Legal professionals including: Checkpoint Edge with CoCounsel - first generative AI product for tax professionals delivers better, faster answers to complex tax research questions, rooted in Thomson Reuters trusted proprietary content, enhancing efficiency for seasoned researchers and enabling inexperienced researchers to work with reduced supervision. Thomson Reuters will use its GenAI platform to create even more GenAI skills, and they'll be introduced into products across every business segment it serves under the CoCounsel brand.

Thomson Reuters is well-positioned to deliver an experience that will transform professional work by calling on its 30+ years of experience in this field and its proprietary content used to continue to expand its GenAI platform. Thomson Reuters has both trusted, proprietary, content knowledge-based models, as well as a portfolio of workflow-embedded software tools, all brought together through its one-of-a-kind GenAI engineering platform. This common development platform enables the company to design, build, and deploy reusable GenAI components that become the building blocks for future skills and products, positioning the company to deliver on a vision for enabling professionals across multiple industries to seamlessly complete complicated work involving multiple products through a single GenAI assistant.

Westlaw Edge UK with CoCounsel is available to customers in the UK. Checkpoint Edge with Co Counselsel is expected initially in the United States, starting from summer 2024.