Thomson Reuters Unveils CoCounsel Drafting: Advanced AI-Powered Document Drafting Tool within Microsoft Word

Thomson Reuters, a leading provider of legal solutions, has announced the launch of CoCounsel Drafting, a new document drafting tool that integrates the generative AI capabilities of CoCounsel with the practical content of Practical Law. This innovative tool, which operates within Microsoft Word, is designed to assist legal professionals in creating and reviewing contracts and other transactional documents.

CoCounsel Drafting, which is now available in the U.S. with upcoming rollouts in the U.K. and Canada, offers a range of features to streamline the document drafting process. Users can access templates, prior examples, and clauses from various sources, including Contract Express templates, Practical Law standard documents, and SEC filings. The tool also includes redlining and deviation analysis functionalities using Practical Law contract playbooks, with the ability to perform deviation analysis against custom playbooks in the future.

According to Rawia Ashraf, the vice president of product management at Thomson Reuters, CoCounsel Drafting represents a significant advancement in AI-powered drafting solutions for legal professionals. By leveraging the trusted content of Practical Law, the tool provides users with suggestions and modifications based on established legal standards. While the current focus is on transactional content, litigation features will be added later this year, drawing on both Practical Law and Westlaw content.

Key features of CoCounsel Drafting include a document and clause finder, generative AI capabilities for drafting and modifying clauses, playbook comparison and deviation analysis, and finalization and proofing functionalities. The tool is designed to support the entire lifecycle of a legal document, from initial drafting to finalization.

Future developments for CoCounsel Drafting include the integration of litigation features, enabling users to create documents such as complaints and discovery requests. Jake Heller, head of product for CoCounsel, emphasized the time-saving benefits of the tool, noting that it substantially reduces the time spent on drafting and reviewing documents while maintaining quality.

Overall, CoCounsel Drafting represents a significant advancement in legal technology, offering legal professionals a comprehensive and efficient solution for document drafting and review. With its integration of AI capabilities and trusted legal content, the tool is poised to transform the way legal professionals approach document creation.