CoCounsel is a generative‑AI platform that provides on‑demand legal, tax, audit and accounting research, contract drafting, tax calculations and document review, drawing on Thomson Reuters’s curated data. The solution integrates with Westlaw, Practical Law, Checkpoint, Microsoft 365 and document‑management systems, delivering context‑aware assistance while enforcing zero‑retention, TLS 1.2 and AES‑256 encryption to protect client data.
Funding
Funding not disclosed
Founders
Product
Problem
Legal, tax, audit and accounting professionals must navigate extensive research, drafting, and document‑analysis tasks that are time‑intensive, error‑prone, and often require switching between multiple specialized tools. Additionally, handling sensitive client data raises strict privacy and security requirements that many AI solutions do not meet.
Solution
CoCounsel delivers a single generative‑AI assistant that streamlines these workflows by combining authoritative Thomson Reuters content with state‑of‑the‑art large‑language models. The platform provides on‑demand legal research, contract drafting, tax calculations and audit document review within the same interface, preserving context across tasks. Seamless integrations with Westlaw, Practical Law, Checkpoint, Microsoft 365 and leading document‑management systems let users work in their existing environments. All AI calls are processed via zero‑retention API endpoints, with TLS 1.2 transport encryption and AES‑256 at‑rest encryption, ensuring client data remains private and is never used to train external models. The solution is offered through tiered subscription plans that include optional usage‑based add‑ons.
Target Audience
Primary users are law firms, corporate legal departments, tax and audit practices, and accounting firms that require fast, accurate AI‑assisted research, drafting and document analysis while maintaining strict data‑privacy standards.
Features
- Agentic and generative AI engine that understands task context and can switch between research, drafting, and analysis without losing continuity.
- Direct access to Thomson Reuters’s curated legal, tax and accounting databases, guaranteeing answers are grounded in trusted, up‑to‑date content.
- Native integrations with Westlaw, Practical Law, Checkpoint, Microsoft 365 and major document‑management platforms for in‑app workflow continuity.
- Zero‑retention API calls; user prompts and content are never stored for model training and can be deleted on demand.
- End‑to‑end security: TLS 1.2 for data in transit, AES‑256 encryption at rest, and role‑based access controls.
- Customizable data‑retention policies managed per organization via an admin console.
- Built and maintained by a team of over 1,000 AI/ML engineers, providing continuous model updates and bias‑mitigation guardrails.
- Scalable licensing model supporting individual practitioners, small firms, and enterprise‑wide deployments across legal, tax, audit and accounting teams.