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…
Rumors had been swirling that Thomson Reuters was about to acquire Casetext, and they proved to be true.
Just before 9 p.m. Eastern time today, TR said it had signed a definitive agreement to acquire Casetext for $650 million cash.
“The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent…
As other legal technology companies have rushed to release products using generative AI, one of the largest, Thomson Reuters, has been unusually silent. It broke that silence slightly two weeks ago, when it announced plans to invest some $100 million a year in AI, including incorporating generative AI across its flagship products in the second…
It is a day of major legal tech deals. Following news earlier today of the merger of Fastcase and vLex, now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of law practice management and financial products for larger law firms, to TPG, a global…
Practical Law The Journal, long a quarterly magazine published in print by the Practical Law division of Thomson Reuters, has moved online as of today, where it will now be published monthly as part of Reuters legal news.
At its new web location within the website of Reuters, the news and media division of…
Since starting my LawNext podcast in 2018, I have had the great fortune of sitting down almost every week for conversations with the “innovators and entrepreneurs who are driving what’s next in law.” While I enjoy each and every conversation, the numbers of listens reveal something about which topics and guests you, the listeners,…
What with COVID, the economy and the day-to-challenges of practicing law and managing a firm, it’s been a tough three years. Yet despite it all, smaller law firms have a bullish outlook on their future prospects — and with good reason.
So says the 2022 State of U.S. Small Law Firms survey conducted by…
Just four years after launching Westlaw Edge as its next-generation legal research platform, Thomson Reuters today unveiled the next-next generation. It is called Westlaw Precision and, as the name suggests, its focus is on delivering research results that are more precise than ever before, and delivering them with greater speed than ever before.…
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