03:03:40 EDT Fri 03 May 2024
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Thomson Reuters Corp (3)
Symbol TRI
Shares Issued 452,305,408
Close 2024-03-04 C$ 215.20
Market Cap C$ 97,336,123,802
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Globe says Thomson Reuters' AI helps with grunt work

2024-03-04 06:28 ET - In the News

The Globe and Mail reports in its Monday edition that commercial real estate lawyer Sarit Pandya at McCarthy Tétrault needed some grunt work done. The Globe's Robyn Doolittle writes that someone had to go through a co-ownership agreement, summarize the document and prepare a breakdown of the liquidity provisions. Typically, this monotonous task would fall to a junior associate. This time, Mr. Pandya was able to upload the relevant document to a generative AI program, bang out a few sentences of instruction and get back exactly what he needed in seconds. "I asked it a pretty vague and technical question and it got it right," he said. Few topics in the legal world are as buzzy right now as artificial intelligence. Depending on the area of law, AI is either the bringer of doom -- commoditizing work such as contracts, incorporations and wills -- or a welcome innovation that will improve efficiency within firms. What everyone agrees upon is that AI, particularly generative AI, will be a great disrupter for the legal sector. Mr. Pandya used a program called CoCounsel for his contract analysis. Last year, its parent company, Casetext, was acquired by Thomson Reuters, which operates a suite of law research platforms.

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