In an exciting development at the Microsoft Build 2024 keynote, Thomson Reuters and Microsoft have introduced a groundbreaking enhancement to the professional workspace with the integration of Thomson Reuters CoCounsel and Microsoft Copilot for Microsoft 365. This collaboration marks a significant advancement in AI-driven solutions, providing professionals with a superior AI experience that promises to transform the way complex tasks are handled in the workplace.
Revolutionizing professional workflows with AI
During a compelling on-stage demonstration, Thomson Reuters showcased how CoCounsel, in conjunction with Microsoft Copilot, can execute intricate workloads that traditionally took days or hours, in mere seconds with just a click of a button. This integration leverages the deep subject-matter expertise of CoCounsel and the intuitive user interface of Microsoft Copilot, operating seamlessly within Microsoft 365 applications such as Word, SharePoint, Outlook, and Teams.
Kriti Sharma, Chief Product Officer of LegalTech at Thomson Reuters, emphasized the significance of this integration, stating, “Our customers are facing greater complexity than ever before, with high stakes and high-effort tasks. Through the power of CoCounsel combined with Microsoft Copilot for Microsoft 365, professionals will unlock the power of trusted content and AI, combined with their own organizational insights and data, all in a personalized and elevated AI experience right in Microsoft’s environment.”
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Enhancing legal and compliance efficiency
The demonstration highlighted a legal use case where the general counsel’s office, in collaboration with their law firm, responded to new regulations aimed at addressing forced labor in supply chains. This scenario illustrated how CoCounsel, using a Copilot extension in Microsoft 365, could significantly expedite regulatory compliance tasks. By analyzing both the customer’s content and Thomson Reuters’ proprietary content, CoCounsel provides trusted answers and recommendations directly within the workflow, thereby eliminating the need to switch between applications.
Srini Raghavan, Vice President of the Microsoft Teams Ecosystem at Microsoft, added, “By integrating Microsoft Copilot with Thomson Reuters’ extensive legal content and AI through CoCounsel, we are pleased to give professionals the ability to seamlessly access both proprietary and public content directly within their workflow to expedite regulatory compliance tasks.”
Future outlook and developments
Looking ahead, Thomson Reuters continues to innovate with new functionalities such as CoCounsel Drafting, which is currently in presale and expected to launch in July. This new feature will enable users to start drafting various types of legal documents directly in Microsoft Word, enhancing the quality of work by refining and reviewing documents using AI.
As Thomson Reuters and Microsoft continue their collaboration, they remain committed to delivering solutions that not only meet the current demands of professionals but also anticipate future needs, ensuring that users have access to the most efficient and reliable tools in their daily operations.
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About Thomson Reuters
Thomson Reuters (NYSE / TSX: TRI) is a leading source of intelligent information for businesses and professionals. Combining industry expertise with innovative technology, Thomson Reuters delivers critical information to leading decision-makers in the fields of law, tax, compliance, government, and media. For more information about Thomson Reuters, visit tr.com.
