Functioning as an extra team member, it draws on a set of specialised skills to handle complex, multi-step work, helping professionals quickly pinpoint key knowledge in vast databases, thoroughly communicate sophisticated information, and complete essential work with unprecedented speed.

This comes after the launch of Westlaw Precision Australia with AI-Assisted Research in June, which enables lawyers to search a comprehensive collection of Australian primary law, including authorised law reports.

In addition, the Thomson Reuters 2024 Future of Professionals report, released last month, showed that GenAI is set to free up 12 hours per week for professionals within the next five years. According to Thomson Reuters chief product officer David Wong, CoCounsel 2.0 will help legal professionals make that transformation a reality.

“Thomson Reuters is here for one reason: to ensure our customers reliably and safely realise the greatest possible value from this generational technology – as quickly as possible,” he said.

“CoCounsel 2.0 is founded upon our ability to combine our data, expertise, and trusted content with cutting-edge technology. Partnering with leading LLM providers is a key part of our strategy and will help us deliver even more for our customers, enabling them to accomplish what they need to evolve their businesses more quickly and more effectively than ever.”

The assistant will be able to work three times faster than the first generation of CoCounsel, generating answers in seconds, as well as operate more intuitively, deliver increasingly thorough results, integrate with several data storage solutions and be accessible from within other Thomson Reuters products – such as Westlaw Precision and Practical Law – as well as within Microsoft 365.

Further, Claims Explorer in Westlaw Precision with CoCounsel now simplifies claims research by allowing lawyers to enter facts and identify applicable claims or counterclaims and CoCounsel Drafting, a new solution, accelerates drafting by as much as 50 per cent – something Primas Law managing partner Adam Kerr said has been especially helpful.

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“As a dynamic and progressive firm, we have always seen GenAI as a key opportunity to improve the quality of service we provide to our clients,” he said.

“After evaluating several technologies, we found that Thomson Reuters CoCounsel offered by far the most comprehensive solution. CoCounsel will allow our lawyers to better deploy their expertise to enhance the client experience. We are particularly excited about CoCounsel Drafting’s potential to transform the drafting process. The increased efficiency and productivity we realise from CoCounsel will support Primas Law as we continue to grow our business.”