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Casetext, Part Of Thomson Reuters

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CoCounsel - Company Market Research Report



Company Overview


Name


CoCounsel

Mission of the Company


No information is available

Founding Details


- Founded: No information is available
- Founders: No information is available

Key People


- Greg Siskind, Immigration Attorney and Founder, Siskind Susser PC
- Joe Gibson, Managing Attorney, Employment Law Center of Maryland
- Ariella Kupetz, Associate, Fisher Phillips
- Evan Shenkman, Chief Knowledge & Innovation Officer, Fisher Phillips
- Michael Semanchik, Managing Attorney, The California Innocence Project

Headquarters


No information is available

Number of Employees


No information is available

Revenue of the Company


No information is available

Company Recognition


- Known for providing the first and only professional-grade GenAI legal assistant.
- Utilized by thousands of law firms including solo and small practices, Am Law 100 firms, and in-house legal departments.

Products


Product Offerings


1. CoCounsel
- High-Level Description: A generative AI assistant engineered to assist professionals, specifically legal practitioners, by automating substantial tasks and providing reliable results.

Key Features of Each Product


1. CoCounsel
- Fast-Track Deposition Preparation: Provides topics with pointed questions based on case and deponent information.
- Document Review: Identifies critical documents in contract databases and discovery.
- Automate Contract Revision: Analyzes contracts for compliance, identifying relevant clauses, conflicts, and risks, and provides revision recommendations.
- AI Assisted Legal Research: Conducts precise legal research within the application for seamless user experience.
- Summarize: Dual-window viewing of results and documents.
- Practical Law Integration: Combines CoCounsel capabilities with Practical Law resources, including practice notes, standardized documents, checklists, and toolkits.

Recent Developments


Recent Developments in the Company


- Pablo Arredondo on the One-Year Anniversary of CoCounsel: February 29, 2024
- Thomson Reuters Completes Acquisition of Casetext: August 17, 2023

New Products Launched


- Practical Law Skill: Released on July 17, 2024, integrating Practical Law resources with CoCounsel.

New Features Added to Existing Products


- AI Assisted Legal Research Skill: Released on May 8, 2024, providing a more seamless experience within the CoCounsel application.
- Summarize Feature: Dual window viewing released May 2, 2024.
- Favorites Tab: Released on February 29, 2024, allowing users to find, edit, add, and delete saved Questions and Policies easily.

Recent Partnerships and Acquisitions


- Acquisition by Thomson Reuters for $650 Million: Closed as announced on August 17, 2023.
- Launch of CoCounsel Core in Canada and Australia: February 20, 2024, expanding the geographical footprint of CoCounsel services.

Summary Statements


- Testimonials from industry professionals highlight CoCounsel's transformative impact on legal workflows and the efficiency it brings to legal practitioners.
- Notable adoption by reputed legal firms such as Fisher Phillips, LLP, Washington Legal, LLP, The Employment Law Center of Maryland, McguireWoods, and Dykema.

Conclusion


CoCounsel has garnered significant recognition for its innovative application of generative AI in the legal sector, streamlining tasks and enhancing productivity for legal professionals. The company continues to expand its capabilities through new features, strategic acquisitions, and extending its market reach globally.