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Exploring Co Counsel: Revolutionizing Legal Research with AI

8 mins

Markus Ivakha

Published by: Markus Ivakha

09 May 2024, 03:43PM

In Brief

Cocounsel by Casetext, powered by OpenAI's GPT-4, revolutionizes legal research.

Adoption soared in 2020, with spending on legal AI projected to hit $37B by 2024.

Thomson Reuters acquired Casetext for $650M, boosting its legal tech prowess.

Cocounsel ensures data security with AES-256 encryption on dedicated servers.

Supports tasks from drafting to litigation prep, enhancing legal work efficiency.

Exploring Co Counsel: Revolutionizing Legal Research with AI

Legal professionals face immense pressure to navigate vast repositories of case laws, statutes, and precedents accurately and swiftly. Traditional research methods are often time-consuming and prone to human error, leading to inefficiencies and elevated costs. The advent of the advanced large language model, particularly OpenAI's GPT-4, has been a game-changer in legal research and services, offering unprecedented accuracy and speed.

The integration of  AI for Legal  into the field of jurisprudence is undergoing significant growth and transformation, reshaping how legal services are delivered. By 2024, global spending on legal AI software tools is projected to reach approximately $37 billion, highlighting the increasing reliance on technological advancements within the sector. This investment is driven by AI’s potential to enhance productivity and efficiency across various legal tasks.

The adoption of AI assistants, including the groundbreaking  AI legal assistant  CoCounsel, has notably increased, with a significant rise recorded in 2020, indicating a growing trend towards embracing AI to optimize legal processes and transform the capabilities of legal professionals.

Furthermore, the global market for generative AI in the legal sector, which stood at $52.27 million in 2022, is forecasted to surge to about $781.55 million by 2032, showcasing a compound annual growth rate of 31.06%. This growth is not just confined to North America but is also making substantial inroads in the Asia Pacific region, which is expected to contribute significantly to the market revenue in the coming years.

AI Legal Assistant Solutions Reshape the Landscape

 Cocounsel , developed by Casetext and powered by OpenAI’s GPT-4, represents a significant evolution in legal research technology. This tool leverages the power of advanced AI to deliver faster, more accurate legal insights, thus transforming the practice of law. Cocounsel AI specifically provides tailored responses to complex legal queries, demonstrating capabilities that have reportedly outperformed even human bar exam candidates. Bringing CoCounsel Core and launching CoCounsel Core to new markets such as Canada and Australia, Casetext and Thomson Reuters are making professional-grade AI more accessible to legal professionals worldwide. CoCounsel Core empowers lawyers with generative AI-powered core legal skills, including the ability to extract contract data, enhancing their efficiency and thoroughness in serving clients.

The company was established in 2013 by two people, who are Jake Heller and Joanna Huey as a result of their dream to make the access of legal information through advanced AI more accessible.

Casetext founders

Jake Heller and Joanna Huey

Casetext began as a crowdsourced database but became a leading player in legal research technology with its CARA AI software. Other developments have followed this like Parallel Search which improves the effectiveness and efficiency of legal research tools.

By 2020, Casetext had collaborated with OpenAI to integrate GPT technology into its offerings, beginning with GPT-3. This partnership aimed to transform legal research and practice by incorporating the latest in AI advancements, culminating in the development of Cocounsel, which tapped into the capabilities of GPT-4 to provide unprecedented support for legal professionals.

Casetext’s journey through the legal tech landscape reached a significant milestone when it was acquired by Thomson Reuters Corporation in 2023 for a reported $650 million. This acquisition by a major player in the information services market underscores Casetext’s impact and innovation in the legal sector, particularly through its advanced AI-driven tools like Cocounsel.

The Unique Advantage of Cocounsel in Legal Services

 Cocounsel  truly shines in the bustling world of legal AI by marrying cutting-edge technology with deep-rooted legal expertise. Fueled by OpenAI’s GPT-4, it’s custom-built for legal tasks, skillfully managing everything from intricate research to drafting documents and gearing up for depositions. It’s particularly user-friendly too, understanding and responding to queries in everyday language, making it accessible to all legal professionals. This professional-grade AI not only excels in routine legal tasks but also in ensuring contract policy compliance, and identifying and rectifying non-compliant clauses in legal documents to align with specific standards.

One of Cocounsel’s standout features is its robust commitment to data security and privacy. Operating on dedicated servers, it ensures that sensitive client and case information remains protected and isolated from other AI training models. Moreover, it employs bank-level AES-256 encryption, safeguarding the confidentiality and integrity of data, which offers legal professionals added confidence and peace of mind.

Cocounsel’s versatility doesn’t stop there; it supports various tasks like crafting legal memospreparing for litigation, and reviewing contracts. Its knack for digesting complex legal scenarios and delivering precise, relevant responses makes it a powerhouse tool for boosting productivity in legal practices. Whether it’s a solo practice or a large law firm, Cocounsel enhances the quality and efficiency of legal work, freeing up lawyers to focus more on the strategic aspects of their cases.

Overall, Cocounsel represents a monumental stride in legal technology, poised to simplify the day-to-day operations of legal professionals and revolutionise the realms of legal research and practice management. Its blend of AI sophistication and practical legal application marks a new era in how legal work is conducted, promising to make legal services more effective and accessible.

Real-World Impact

Cocounsel casetext has shown considerable benefits in various legal settings:

  • Solo practitioners and small firms – thereafter, membership with Cocounsel provides an on-par basis with the large ones. Indeed, co-counsel enables them to match in research strength and swiftness with their larger rivals.
  • Large law firms – with Cocounsel the research assistance is being partially redistributed more appropriately via the project: groups may be available for more intensive and interactive contact with both clients and elsewhere. There is no need to waste anyone’s time on pulling whole groups researching the same redundant items over and over.
  • In-house legal departments – can manage with Cocounsel by reducing participation with external counsel redundancy and saving personnel expenses. Notably, the legal department at Ford Motor Company, with Litigation Counsel Darth Vaughn highlighting Cocounsel's potential to revolutionize legal practice and increase access to justice, exemplifies its impact on major corporations.
  • Public sector applications – combined with a natural focus list, its use appeals to state government legal departments operating procuring just publicly available legislation material. In turn, this allows maintaining and managing a proportionate factor level.
  • Legal Education and Training – law schools and training programs use Cocounsel to provide students with hands-on experience in legal research without the need for extensive supervision.
  • Intellectual Property Management – Cocounsel assists IP attorneys in managing patent and trademark portfolios by automating the search and analysis of existing patents and trademarks.

The adoption of Cocounsel by prominent firms like DLA Piper, a well-established global law firm, underscores its effectiveness and potential to reshape legal practices by integrating AI seamlessly into everyday legal tasks.

Future Prospects of Cocounsel in Contract Policy Compliance

Looking ahead, Cocounsel is poised to play a pivotal role in the continued evolution of the legal profession, especially as it enters the proof of concept phase in law firms across Canada and Australia.

As AI technology progresses, Cocounsel’s capabilities will expand, possibly encompassing more nuanced and complex legal tasks, including practical law and AI-assisted legal research. This represents a leap towards professional-grade AI technology designed to help lawyers quickly gather deeper insights and deliver a better work product. The integration of AI in law is expected to grow, with AI tools like Cocounsel leading the charge in not only automating tasks but also providing deeper insights and predictions based on legal data analytics.

As legal professionals grow more accustomed to the capabilities of AI, we can expect a rise in the adoption of AI tools like Cocounsel, sparking widespread changes across the industry. This shift could lead to more predictive legal services where data-driven insights significantly enhance outcomes and strategies, moving the legal field towards a more proactive rather than reactive approach.

These technological strides will also bring necessary conversations about ethics, privacy, and the importance of human oversight in AI-driven legal decisions. It’s crucial that as the powers of tools like Cocounsel grow, they are used wisely and effectively to better the justice system as a whole.




As Cocounsel advances, its role in transforming the legal industry is set to expand, making legal services not only more accessible but also more efficient. This tool represents more than just technological progress - it’s a vital step forward as legal challenges become more complex. For legal professionals, adopting such innovations is essential to remain competitive and provide exceptional client outcomes. Embracing Cocounsel means staying ahead in a rapidly evolving field and ensuring the best possible results for clients.

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