Thomson Reuters demonstrates the power of CoCounsel combined with Microsoft Copilot during the Microsoft Build 2024 keynote

TORONTO, May 21, 2024 – Thomson Reuters (TSX/NYSE: TRI)a global content and technology company, today brought to life the combined power of Thomson Reuters CoCounsel, its professional-grade AI Assistant with deep subject matter expertise, with Microsoft Copilot, Microsoft’s AI companion.

In a major leap forward in its collaboration with Microsoft, Thomson Reuters today demonstrated in an on-stage demonstration during the Microsoft Build 2024 keynote how CoCounsel, working in Microsoft 365 and using Copilot extensions, will complete complex work that previously took days and hours. in seconds, with the push of a button. Good where work happens.

Taking GenAI assistant know-how to the next level – the power of CoCounsel and Copilot will provide professionals with an unparalleled AI experience. With access to organizational insights and data, combined with CoCounsel’s trusted content and acting on Copilot’s knowledge of how and where professionals work – in Microsoft Word, Microsoft SharePoint, Microsoft Outlook or Microsoft Teams – this new tool will deliver shared Thomson clients Reuters and Microsoft with a personalized AI experience that saves effort, reduces risk and simplifies compliance.

Commenting, Kriti Sharma, Chief Product Officer, LegalTech at Thomson Reuters said: “Our customers are facing more complexity than ever before, with high stakes and demanding tasks. Through the power of CoCounsel combined with Microsoft Copilot for Microsoft 365, professionals will unlock the power of trusted Thomson Reuters content and AI, combined with their own organizational insights and data, all in a personalized and enhanced AI experience right in the Microsoft environment – enjoying reap the benefits of saved time and effort with reduced risk.”

added Sharma “Our work with Microsoft demonstrates our commitment to offering our customers choice – the choice to use human-centric tools that work best for them, including those built into where they already work. We’re also focused on getting this technology into our products the right way – which means as quickly as possible, while giving our customers answers they can trust.”

Today’s demonstration represents another milestone in Thomson Reuters’ vision to bring GenAI Assistant to every professional it serves. CoCounsel is rooted in the company’s trusted content with applications in legal, tax, risk and fraud, and media. CoCounsel is an AI assistant that acts as a team member – handling complex tasks with natural language understanding.

Srini Raghavan, Vice President, Microsoft Teams Ecosystem at Microsoft added, “We are committed to expanding Microsoft Copilot to enable new functionality for our customers. By integrating Microsoft Copilot with extensive legal content and Thomson Reuters AI through CoCounsel — their innovative AI assistant — we are pleased to enable professionals to seamlessly access both proprietary and public content directly within their workflow, to to speed up regulatory compliance tasks.”

CoCounsel and Copilot’s on-stage demo today focused on a legal use case showing how a busy general counsel office, in collaboration with their law firm, responded to a new regulation designed to address forced labor in supply chains. The Legal, Risk and Compliance use case is one of the many professional applications of this powerful tool that will save time and effort and reduce risk. It shows how CoCounsel, using a Copilot extension in Microsoft 365, will help solve the challenge of regulatory compliance in a fraction of the time compared to doing the work manually. It happens in Outlook, Word, Teams, SharePoint – wherever work happens – and brings information from Thomson Reuters products – without having to navigate to a separate app.

  • With just one click, users prompt CoCounsel and Copilot to work together to read email and prepare recommended actions across legal, risk and compliance teams.
  • CoCounsel, using its Copilot extension, will analyze the client’s own content combined with Thomson Reuters’ own content and provide reliable answers.
  • The work will then be done in the application the customers are working in, making recommendations for work products for the user to review, revise and act on – infusing insights from day-to-day work – such as meetings and interactions with colleagues.
  • CoCounsel will bring the team together in the Microsoft 365 environment and, together with human supervision, complete work that used to take days in seconds.

This functionality is backed by the trust and privacy customers expect from Microsoft and Thomson Reuters.

Check out the demo here

Thomson Reuters continues to deliver on its vision for a professional AI assistant with additional new skills and products such as CoCounsel Drafting – now in pre-sale and expected to launch next July. With CoCounsel Drafting, clients can easily find the best starting point for drafting different types of legal content, such as contracts, internal manuals, etc., and correct common drafting errors by using AI to refine and review documents , to produce better quality work – without ever leaving Microsoft Word.

Thomson Reuters

Thomson Reuters (NYSE / TSX: TRI) (“TR”) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves legal, tax, accounting, compliance, government and media professionals. Its products combine highly specialized software and insights to empower professionals with the data, intelligence and solutions needed to make informed decisions and assist institutions in their pursuit of fairness, truth and transparency. Reuters, part of Thomson Reuters, is a leading global provider of trusted journalism and news. For more information, visit tr.com.

Media contact:
Lindsay Bomar – Senior Director, Media and Operations

Lindsay.bomar@thomsonreuters.com

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL RISKS AND MATERIAL ASSUMPTIONS. Certain statements in this news release are forward-looking, including, but not limited to, statements regarding the partnership with Microsoft CoPilot for Microsoft 365 and the company’s strategic priorities, initiatives and capabilities. The words “expect,” “believe” and similar expressions identify forward-looking statements. Although the company believes it has a reasonable basis to make forward-looking statements in this news release, they are not guarantees of future performance or results, and there is no guarantee that any of the other events described in any forward-looking statement will I materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond our company’s control and their effects may be difficult to predict. You are cautioned not to place undue reliance on forward-looking statements that reflect expectations only as of the date of this news release. Except as required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.

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