SPECIAL REPORT

The economic impact of Thomson Reuters Westlaw Precision with CoCounsel

Cost savings and business benefits enabled by Westlaw Precision

Thomson Reuters commissioned Forrester Consulting to conduct a Total Economic Impact (TEI) study and examine the potential return on investment enterprises may realize by deploying Westlaw Precision.

Forrester conducted in-depth interviews with nine legal industry leaders from six organizations who have experience using Westlaw Precision to understand and quantify the tangible economic benefits. Forrester then quantified the results for a composite model law firm with 80 lawyers who realized an 80% return on investment over a three-year period.

As a supplement to the TEI report, Forrester conducted two additional interviews with attorneys who use AI-Assisted Research from Thomson Reuters, and shared the critical benefits of using the generative AI skill for their legal research needs.

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