Casetext

Thomson Reuters, continuing to build on its acquisition last June of Casetext and its CoCounsel generative AI legal assistant for a whopping $650 million cash, today disclosed plans to deploy CoCounsel as a single and continuous AI assistant across its entire portfolio of products spanning every professional its serves in legal, tax, risk and…

Fast Company is out with its annual ranking of the world’s most innovative companies, and of the 606 companies that made the list, just four are from legal tech.

“The 606 organizations that we honor as Fast Company’s Most Innovative Companies of 2024 have met our high bar for demonstrating innovation and the impact…

Still less than a year since it launched, CoCounsel, the generative AI legal assistant originally developed by Casetext, has had quite a year. Now, as it expands into new markets, we get details on its adoption to date.

It was March 1, 2023, that Casetext launched CoCounsel, a product developed in partnership with OpenAI…

Call me lucky. Every week, I get to sit down at the mic for my LawNext podcast and have a conversation with the leading “innovators and entrepreneurs who are driving what’s next in law.”

For me, each and every one of these conversations is fun and fascinating. But I am equally fascinated to add up the…

Look over this list of my blog posts that were most popular this year, and there is no doubt about the topic that most captivated the legal industry. Of my 40 most-read posts of 2023, 30 directly involved generative AI and others implicated it.

Of course, there is a chicken-or-egg aspect to this. Were so…

[This post is by Pablo Arredondo, cofounder of Casetext and vice president, CoCounsel, at Thomson Reuters. Pablo notes that any views expressed in this post are entirely his own.]

UNITED STATES DISTRICT COURT FOR SOUTHERN DISTRICT OF NEW YORK  December 21, 2024 Genesis Technology v. Obsidian Dynamics

Transcript…

Once upon a time, in a magical city called San Francisco, three former lawyers came together to develop an innovative legal research platform, as an alternative to traditional legal research services such as Thomson Reuters Westlaw and LexisNexis. They called their new company Casetext. 

 

Their original idea was…

Thomson Reuters said today that it will unveil generative AI enhancements to its flagship legal research product Westlaw Precision on Nov. 15 that will build on its $650 million acquisition of Casetext last June.

TR said it is taking a “best of” approach to product development, leveraging Casetext to accelerate the time for bringing…

It has been the legal story of the summer. In June, Thomson Reuters announced that it had signed an agreement to acquire the legal research and AI company Casetext for a jaw-dropping $650 million.

The deal, it said at the time, was subject to regulatory approvals and customary closing conditions and was expected to…

In October 2020, legal industry veterans Joe Borstein and Paul Stroka set out to change the legal tech sales paradigm by founding LexFusion as a go-to-market representative of a curated collection of companies across major categories of legal technology. As the company nears its third anniversary, Borstein joins me on the LawNext podcast to reflect on…

Yesterday afternoon, I had the chance to sit down for about 20 minutes via Zoom with Jake Heller, the founder and CEO of Casetext, to discuss his company’s acquisition by Thomson Reuters in a $650 million cash deal. 

What follows is a transcript of our conversation, which I have condensed and…

Compared to Thomson Reuters, Casetext is a relatively small company with relatively minimal revenue, and one that effectively refocused its product strategy over the past year, launching its generative AI product CoCounsel just four months ago.

So why did TR shell out a record $650 million in cash to acquire Casetext? That was the…