Thomson Reuters, a technology-driven content company, announced testing a custom GenAI model for its CoCounsel platform. Built on OpenAI’s o1-mini large language model (LLM), this advanced assistant is tailored to perform complex legal tasks with enhanced reasoning and detailed responses. The development is part of Thomson Reuters’ ongoing collaboration with leading AI providers to create professional-grade generative AI solutions.
- Custom CoCounsel Model Using OpenAI o1-mini:
- Enhanced “Chain of Thought” Reasoning: Enables deeper, more thorough, and accurate responses.
- Proof-of-Concept Phase: Built using Thomson Reuters’ proprietary datasets in collaboration with OpenAI.
- Longer but Detailed Outputs: Prioritizes depth and precision over speed for analytical tasks.
- Expanding the Multi-Model Approach:
- CoCounsel utilizes models from OpenAI, Anthropic, and Google Gemini.
- Integration of AI models is tailored for specific use cases, improving performance for tasks like legal drafting, tax workflows, and dynamic legal tools.
- Collaboration with AWS and Microsoft ensures computational efficiency and productivity enhancements through tools like M365 integration.
- Pioneering GenAI in Legal Tech:
- CoCounsel is the first legal tool leveraging GPT-4 and now o1-mini for professional applications.
- 1,400% increase in users since its launch in March 2023.
- Broad adoption across tools like Westlaw Precision, Practical Law, and CoCounsel Drafting.
- Integration with Legal-Specific Workflows:
- New capabilities include memory retention across tasks and improved pattern analysis.
- Evaluation of Claude 3.5 models and prompt caching for tax workflows.
- Focus on transforming legal professionals’ efficiency and outcomes.
- Future Advancements:
- Thomson Reuters is training proprietary legal-specific LLMs following its acquisition of Safe Sign Technologies.
- Ongoing collaborations with Amazon Web Services (AWS) and Microsoft drive innovations like context-rich memory and seamless software integrations.
Testimonials and Insights
- OpenAI Perspective:
“Integrating o1-mini into CoCounsel equips legal professionals with advanced AI reasoning capabilities,” said Kevin Weil, Chief Product Officer at OpenAI. - Thomson Reuters Leadership:
“Our multi-model strategy and early access to cutting-edge models enable us to push the boundaries of AI’s professional applications,” said Joel Hron, Chief Technology Officer.
Thomson Reuters continues to redefine legal workflows with its AI-driven innovations. By integrating advanced LLMs and leveraging collaborations with leading tech partners, CoCounsel empowers legal professionals to tackle complex challenges with precision, transforming the way legal work is performed.
