Thomson Reuters

Thomson Reuters

Thomson Reuters is a global content and technology company that provides trusted information and solutions to professionals in legal, tax and accounting, risk and compliance, and media. It leverages advanced artificial intelligence and data science to help professionals make informed decisions, automate complex workflows, and gain a competitive edge.

 

Key Features & Capabilities

• AI-Powered Research & Analytics: Utilizes AI to analyze vast amounts of data, including legal cases, tax regulations, and financial information, to provide rapid, precise answers and insights.
• Generative AI for Content Creation: Employs generative AI models to assist in drafting legal documents, summarizing complex reports, and creating other professional content.
• Agentic AI Platform: Develops and integrates agentic AI systems that plan, reason, and act across multi-step tasks, automating complex professional workflows while maintaining human oversight.
• Intelligent Document Review & Summarization: Automates the review of large volumes of documents and provides concise summaries, identifying key information and potential issues.
• Predictive Insights: Uses AI to forecast trends, assess risks, and identify opportunities in various professional domains, enabling proactive decision-making.
• Integrated Solutions: Seamlessly embeds AI capabilities into its flagship products like Westlaw, Checkpoint, and ONESOURCE, enhancing existing tools with intelligent features.
• Human-Centric AI Approach: Emphasizes a “human-in-the-loop” approach, ensuring that AI solutions are designed to augment human expertise, judgment, and ethical considerations.
• Data Security & Privacy: Implements robust security protocols and contractual controls to protect sensitive client and customer data, preventing its use for training third-party AI models.

 

How to Use Thomson Reuters

The specific use of Thomson Reuters’ AI features varies by product and professional area, but generally involves:

1. Accessing the Platform: Log in to the relevant Thomson Reuters product (e.g., Westlaw, Checkpoint, ONESOURCE) where AI features are embedded.
2. Formulating Queries: Use natural language to ask questions or define research topics, allowing the AI to understand your intent.
3. Utilizing AI-Assisted Tools: Engage with AI-powered features such as “Search & Summarize,” “CoCounsel Chat,” or other agentic AI tools to generate answers, draft content, or analyze data.
4. Reviewing & Validating Results: Critically evaluate the AI-generated results, leveraging your professional expertise to validate accuracy and relevance, often with provided citations and references.
5. Integrating into Workflow: Incorporate the AI-assisted outputs directly into your professional tasks, such as drafting briefs, preparing tax returns, or conducting risk assessments.
6. Continuous Learning & Feedback: Provide feedback on AI performance to help improve the models and ensure they meet evolving professional needs.

 

Common Use Cases for Thomson Reuters

• Legal Professionals: Automating legal research, drafting contracts and briefs, summarizing case law and documents, and assisting with case preparation and litigation strategy through tools like CoCounsel and Westlaw Precision.
• Tax & Accounting Professionals: Expediting tax research and return preparation, categorizing expenses, reconciling accounts, and generating financial reports with AI-powered solutions like Checkpoint and ONESOURCE.
• Risk & Compliance Professionals: Enhancing risk assessment and reporting, streamlining investigations, and conducting due diligence by leveraging AI for document summarization and analysis of public records.
• Government Professionals: Assisting with legal research, document summarization and review, drafting official correspondence, and improving knowledge management within government agencies.
• News & Media: Utilizing AI for content verification, trend identification, and data analysis to support journalism and media operations.

 

Frequently Asked Questions (FAQ)

Q: What is Thomson Reuters?

A: Thomson Reuters is a global content and technology company providing AI-powered information, software, and services primarily to legal, tax, risk, and media professionals.

Q: How does Thomson Reuters use AI?

A: Thomson Reuters uses AI for advanced research, content generation, intelligent automation of workflows, predictive analytics, and enhanced document processing across its various professional solutions.

Q: Is Thomson Reuters’ AI easy to use?

A: Thomson Reuters aims to integrate AI seamlessly into its existing professional tools with user-friendly interfaces, making complex AI capabilities accessible for professionals.

Q: What are the benefits of using Thomson Reuters’ AI solutions?

A: Benefits include increased efficiency, improved accuracy, enhanced decision-making, reduced manual effort, and access to deeper insights for professionals in high-stakes environments.

Q: Does Thomson Reuters’ AI integrate with other tools?

A: Thomson Reuters embeds AI directly within its core products and platforms, ensuring tight integration within its professional ecosystems.

Q: Can Thomson Reuters’ AI help with data security?

A: Yes, Thomson Reuters places a strong emphasis on data security, employing robust measures and policies to protect client data and ensure it’s not used for unauthorized AI model training.

Q: Is Thomson Reuters’ AI suitable for small firms as well as large enterprises?

A: Yes, Thomson Reuters offers a range of AI-enhanced products and solutions that can benefit businesses of all sizes, from individual practitioners to large multinational corporations.

Q: What kind of support does Thomson Reuters offer for its AI products?

A: Support options typically include extensive documentation, training modules, product support teams, and online resources designed for professional users.