Connect with us

Hi, what are you looking for?

Trending News

Thomson Reuters Brings Forward Vision To Redefine The Future Of Professionals With Content-driven AI Technology


For legal professionals, the Thomson Reuters plugin with Microsoft 365 Copilot helps uncover the potential of generative AI.

The goal of Thomson Reuters, a multinational content and technology firm, is to use generative artificial intelligence (AI) to reimagine the role of professionals in the future. In a period of accelerated global innovation, Thomson Reuters is at the vanguard, assisting its clients in maximising the promise of content-driven AI technology to automate workflows, deliver insightful data, and increase efficiency.

The firm also today introduces a new plugin with Microsoft 365 Copilot, Microsoft’s advanced AI experiences throughout its productivity suite, in response to Thomson Reuters’ declaration that it plans to invest more than $100 million yearly on AI capabilities at its Q1 FY23 results. This integration will support initiatives for professionally redefined work, beginning with client collaboration and legal research and drafting.

“Generative AI empowers professionals to redefine their work and discover innovative approaches”, “With our customers in the driver’s seat, Thomson Reuters AI technology augments knowledge, helping professionals work smarter, giving them time back to focus on what matters. We are very proud to partner with Microsoft, leading the legal profession towards unlocking the value from Microsoft 365 Copilot for our customers, and their clients.”

Steve Hasker, president and CEO, Thomson Reuters

Work redefined by generative AI

With today’s initiatives, Thomson Reuters has further established its position as a pioneer in utilising cutting-edge technologies like AI and machine learning (ML). For more than 30 years, Thomson Reuters has improved search and expanded advanced analytics for its customers by utilising increasingly complex AI and ML capabilities. Thomson Reuters today announced intentions to include additional generative AI capabilities across its product line in addition to integrating Microsoft 365 Copilot, such as:

  • Westlaw Precision – With generative AI, customers can find answers to complex legal questions in seconds, based on proprietary, expert content.
  • Practical Law – Smarter, faster access to the expertise of more than 650 attorney editors combined with the power of generative AI.
  • Checkpoint Edge – Providing fast, reliable answers to complex tax and accounting questions.
  • Legal Document Review and Summary – With generative AI reading through hundreds or even thousands of relevant documents in just seconds, customers can spot key risks, resolve questions, execute tasks, and generate powerful work product. Powered by HighQ, Practical Law, and Document Intelligence.
  • Legal Drafting – Bringing together Thomson Reuters trusted content and intelligence from across Westlaw, Practical Law, and Document Intelligence to surface key insights, legal knowledge, and answers to complex questions.

Plug-in for Thomson Reuters with Microsoft 365 Copilot

With the aid of Copilot for Word and its legal goods and content, Thomson Reuters and Microsoft have created a contract drafting tool. Professionals may apply their knowledge to edit, validate, and construct the final document with integrated access to Thomson Reuters knowledge, content, and AI technology by receiving a draught working document from users and access to trustworthy content right where work happens – in Microsoft Word.

During this week’s Microsoft Build event in Seattle, a demonstration of the connection between Thomson Reuters Legal Drafting, driven by its legal products and content, and Microsoft 365 Copilot for Word will be presented. In the demonstration, Copilot builds a draught contract with the use of a Thomson Reuters plugin that surfaces knowledge and information from Westlaw, Practical Law, and Document Intelligence. The task was completed in minutes in Microsoft Word rather than taking hours.

“Microsoft 365 Copilot is reinventing productivity for people and organizations, and we are thrilled to collaborate with Thomson Reuters to extend Copilot with new AI-powered experiences that will support legal professionals by saving them time and helping them drive value for the clients and businesses they serve.”

Andrew Lindsay, Corporate Vice President of Industry, Apps & Data, Business Development, Microsoft

Watch the demonstration here

Investing in Trust

Investing more than $100 million annually, Thomson Reuters is focused on integrating generative AI into its solutions through a build, buy and partnership strategy – providing customers with the very best and trusted solutions at speed.

“At Thomson Reuters we remain committed to augmenting professional knowledge and workflows with AI. Continuing to support our customers on this journey will enable them to first trust and then harness this new technology as we build on the opportunities ahead in Legal, with solutions for Tax, Risk, and the News profession to follow.”

Steve Hasker, president and CEO, Thomson Reuters

Thomson Reuters has recently shared its updated AI and Data Principles, reflecting the rapid innovation and reinforcing its strong commitment to building trustworthy, practical, and beneficial AI for customers. The update reflects recognition of the evolving AI technology landscape and the need to demonstrate its commitment to unlocking AI in secure, transparent, and accountable ways.

Product availability

Thomson Reuters will be releasing generative AI capabilities into its native platforms Westlaw, Practical Law and Drafting in the second half of 2023.

Legal drafting, integrated with Copilot for Microsoft 365 will be available for legal professionals in beta alongside the Microsoft Copilot release schedule.

Tax and Compliance, Risk and Fraud generative AI solutions to follow in 2024.

To Read More Marketing Related News Click Here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


You May Also Like

Upcoming Conferences

October 16–19, 2023 | PORTLAND, OR Awww, we missed you, too! But never fear: We’ll be back in 2023 in beautiful Portland, Oregon, to...


Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat.

Featured News

IMAX Corporation announced it has acquired SSIMWAVE Inc., a leader in AI-driven video quality solutions for media and entertainment companies. The move marks a...

Trending News

New research from global cloud communications platform Infobip reveals that chat apps such as WhatsApp are becoming crucial channels for customer communications, demonstrating the growing importance of...