STOCK TITAN

Closing the Justice Gap: Thomson Reuters Launches Programs to Empower Legal Aid and Support the Judiciary

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Thomson Reuters (TSX/NYSE: TRI) has launched its AI for Justice Legal Aid program, featuring the Legal Innovators Incubator and subsidized pricing for legal nonprofits. The inaugural incubator class includes The Innocence Center, National Center for Missing and Exploited Children, and Lawyers Alliance for New York. Participants receive free access to CoCounsel, Thomson Reuters' GenAI legal assistant, for one year. The company also announced an AI Policy Consortium for Law and Courts in partnership with the National Center for State Courts (NCSC). Additionally, Thomson Reuters is developing custom GenAI applications for courts, with projects underway at the Massachusetts Court of Appeals and Pennsylvania courts.

Thomson Reuters (TSX/NYSE: TRI) ha lanciato il suo programma AI for Justice Legal Aid, che include l'Incubatore di Innovatori Legali e prezzi sussidiati per le organizzazioni legali no-profit. La classe inaugurale dell'incubatore comprende il The Innocence Center, il National Center for Missing and Exploited Children e la Lawyers Alliance for New York. I partecipanti ricevono un accesso gratuito a CoCounsel, l'assistente legale GenAI di Thomson Reuters, per un anno. L'azienda ha anche annunciato un Consorzio per le Politiche AI per la Legge e i Tribunali in collaborazione con il National Center for State Courts (NCSC). Inoltre, Thomson Reuters sta sviluppando applicazioni GenAI personalizzate per i tribunali, con progetti in corso presso la Corte d'Appello del Massachusetts e i tribunali della Pennsylvania.

Thomson Reuters (TSX/NYSE: TRI) ha lanzado su programa AI for Justice Legal Aid, que incluye la Incubadora de Innovadores Legales y precios subvencionados para organizaciones legales sin fines de lucro. La clase inaugural de la incubadora incluye The Innocence Center, el National Center for Missing and Exploited Children y la Lawyers Alliance for New York. Los participantes reciben acceso gratuito a CoCounsel, el asistente legal GenAI de Thomson Reuters, durante un año. La empresa también anunció un Consorcio de Políticas de IA para la Ley y los Tribunales en asociación con el National Center for State Courts (NCSC). Además, Thomson Reuters está desarrollando aplicaciones GenAI personalizadas para los tribunales, con proyectos en marcha en el Tribunal de Apelaciones de Massachusetts y los tribunales de Pensilvania.

톰슨 로이터 (TSX/NYSE: TRI)는 AI for Justice Legal Aid 프로그램을 출범했습니다. 이 프로그램에는 법률 혁신가 인큐베이터와 법률 비영리 단체를 위한 보조금 가격이 포함됩니다. 첫 번째 인큐베이터 클래스에는 The Innocence Center, National Center for Missing and Exploited Children, 및 Lawyers Alliance for New York이 포함되어 있습니다. 참여자들은 톰슨로이터의 GenAI 법률 보조인 CoCounsel에 1년간 무료로 접근할 수 있습니다. 이 회사는 또한 National Center for State Courts (NCSC)와 협력하여 법과 법원에 대한 AI 정책 컨소시엄을 발표했습니다. 더불어, 톰슨 로이터는 매사추세츠 항소 법원과 펜실베니아 법원에서 진행 중인 프로젝트를 통해 법원을 위한 맞춤형 GenAI 애플리케이션을 개발하고 있습니다.

Thomson Reuters (TSX/NYSE: TRI) a lancé son programme AI for Justice Legal Aid, qui comprend l'Incubateur des Innovateurs Juridiques et des tarifs subventionnés pour les organisations juridiques à but non lucratif. La première promotion de l'incubateur inclut le The Innocence Center, le National Center for Missing and Exploited Children, et la Lawyers Alliance for New York. Les participants bénéficient d'un accès gratuit à CoCounsel, l'assistant juridique GenAI de Thomson Reuters, pendant un an. L'entreprise a également annoncé un Consortium de Politique AI pour le Droit et les Tribunaux en partenariat avec le National Center for State Courts (NCSC). De plus, Thomson Reuters développe des applications GenAI sur mesure pour les tribunaux, avec des projets en cours au Massachusetts Court of Appeals et dans les tribunaux de Pennsylvanie.

Thomson Reuters (TSX/NYSE: TRI) hat sein Programm AI for Justice Legal Aid gestartet, das den Innovationsinkubator für Juristen und subventionierte Preise für Rechts-Non-Profit-Organisationen umfasst. Die erste Klasse des Inkubators umfasst das Innocence Center, das National Center for Missing and Exploited Children und die Lawyers Alliance for New York. Die Teilnehmer erhalten für ein Jahr kostenlosen Zugang zu CoCounsel, dem GenAI-Rechtsassistenten von Thomson Reuters. Das Unternehmen kündigte auch einen AI Policy Consortium für Recht und Gerichte in Partnerschaft mit dem National Center for State Courts (NCSC) an. Darüber hinaus entwickelt Thomson Reuters maßgeschneiderte GenAI-Anwendungen für Gerichte, mit laufenden Projekten am Massachusetts Court of Appeals und den Gerichten von Pennsylvania.

Positive
  • Free one-year access to CoCounsel for selected legal aid organizations
  • Development of custom GenAI applications for courts, potentially expanding market reach
  • Partnership with OpenAI providing API credits for the Legal Innovators Incubator program
Negative
  • None.

Insights

Thomson Reuters' launch of AI-driven legal aid programs marks a significant strategic expansion in the legal technology sector. The CoCounsel platform, leveraging OpenAI's technology, demonstrates substantial efficiency gains with concrete examples like completing 10 grant applications in 3 hours versus one per day. The subsidized pricing model for legal nonprofits could drive widespread adoption in an underserved market segment.

The collaboration with courts and development of specialized AI applications for judicial processes positions Thomson Reuters to capture a growing market for AI-enabled legal solutions. Early success with the Massachusetts Court of Appeals prototype shows promising commercial potential. This initiative aligns with the company's core business model of providing specialized professional solutions while opening new revenue streams in the public sector.

This strategic move strengthens Thomson Reuters' competitive position in the rapidly growing legal tech market. By focusing on legal aid organizations and courts, the company is establishing early dominance in institutional adoption of AI legal tools. The partnership with OpenAI and development of specialized applications creates significant barriers to entry for competitors.

The program's structure, combining technology access with training and support, creates a sustainable ecosystem that could lead to long-term customer retention and recurring revenue streams. While immediate financial impact may be due to subsidized pricing, the long-term potential for market expansion and institutional adoption presents significant growth opportunities.

  • AI for Justice Legal Aid - Thomson Reuters announces first Legal Innovators Incubator class and subsidized CoCounsel pricing for legal aid organizations (LSOs).

  • AI Policy Consortium - New initiatives bolster ongoing efforts such as the recently launched AI Policy Consortium for Law and Courts, a joint effort from Thomson Reuters Institute and the National Center for State Courts (NCSC).

TORONTO, Oct. 24, 2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, today launched its AI for Justice Legal Aid program, including both the Legal Innovators Incubator and subsidized pricing for legal nonprofits.

"As the most powerful technology to emerge in our lifetimes, generative AI represents the greatest potential to meaningfully tackle the justice gap and to bring about a more efficient, effective, and equitable justice system for everyone," said Laura Safdie, Vice President, Artificial Intelligence GTM & Global Affairs for Thomson Reuters. "We have the opportunity and the responsibility to ensure as many legal aid organizations as possible can access and effectively use game-changing AI solutions like CoCounsel, Thomson Reuters is fully committed to this mission. Our LSO Legal Innovators Incubator will provide these organizations not just the technology itself, but also the vital dedicated training and support to derive the greatest possible value from it."

The inaugural Legal Innovators Incubator pilot class includes The Innocence Center, National Center for Missing and Exploited Children, and Lawyers Alliance for New York, among others. Participating organizations receive complimentary access to Thomson Reuters CoCounsel GenAI legal assistant, as well as close partnership and training to develop the GenAI use cases that will most benefit their organizations and clients. The resulting playbooks will also be used to empower the entire legal aid community to amplify their impact through AI.

Thomson Reuters has been incorporating AI into its platform for three decades, and so has seen firsthand the benefits of that investment. In addition, it has a longstanding history of serving, supporting, and helping strengthen the justice system worldwide, by collaborating with organizations including Lawyers Without Borders, the Justice Technology Association, and Equal Justice Works. Recent new programs to support courts include a joint initiative between the Thomson Reuters Institute and the National Center for State Courts (NCSC) to create the AI Policy Consortium for Law and Courts. The initiative aims to help court leaders and legal professionals understand generative AI's risks and opportunities, and to create a forum for the exchange of views among various actors in the justice system. 

Supercharging legal aid organizations

For the Legal Innovators Incubator pilot class, Thomson Reuters selected a group of 501(c)(3) organizations offering legal services to low-income individuals in the United States. Participants will have free access for one year to CoCounsel, which leverages OpenAI, and can complete complicated legal workstreams in a fraction of the time. CoCounsel can empower these organizations to better serve more people, in more places, more quickly. OpenAI also donated API credits to support the Legal Innovators Incubator program.

"As an early CoCounsel user, I've experienced the transformation this powerful tool can bring about for an organization. From summarizing voluminous records to finding inconsistencies between witnesses, all in a matter of minutes, the power is endless," said Michael Semanchik, Executive Director of The Innocence Center. "I'm so glad to have been part of the evolution of this game-changing solution, and I'm honored that The Innocence Center is part of the first Legal Innovators Incubator class. In just two weeks of using its latest generation, CoCounsel 2.0, I've been able to apply CoCounsel even more broadly to advance our work. For instance, it completed 10 grant applications for me in about three hours. Normally I'd spend an entire day on just one. I'm excited to share our experiences with and learn from the other organizations in this first class."

Bringing generative AI to the courts

Thomson Reuters has also been working to understand and develop use cases where CoCounsel can have the most impact within all levels of the judiciary. Using CoCounsel can markedly increase both the quality of work for the courts and the rate at which it can be completed. And the CoCounsel team is running a focused program on custom generative AI applications for the courts, built through a deeply collaborative process. The first project, with the Massachusetts Court of Appeals, resulted in the development of a prototype system for synthesizing input from a wide range of specialized documents involved in emergency eviction appeals, like what a clerk would prepare for a judge. And a project with Pennsylvania courts, exploring the use of AI to write bench memos, is in development.

Thomson Reuters

Thomson Reuters (TSX/NYSE: 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 professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news. For more information, visit tr.com.

Contact
Ali Hughes
+1.763.326.4421
ali.hughes@thomsonreuters.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/closing-the-justice-gap-thomson-reuters-launches-programs-to-empower-legal-aid-and-support-the-judiciary-302285413.html

SOURCE Thomson Reuters

FAQ

What is Thomson Reuters' (TRI) new AI for Justice Legal Aid program?

Thomson Reuters' AI for Justice Legal Aid program includes the Legal Innovators Incubator and subsidized pricing for legal nonprofits, providing free access to CoCounsel GenAI legal assistant and training support for legal aid organizations.

Which organizations are part of Thomson Reuters' (TRI) first Legal Innovators Incubator class?

The inaugural class includes The Innocence Center, National Center for Missing and Exploited Children, and Lawyers Alliance for New York, among others.

How is Thomson Reuters (TRI) implementing AI in the court system?

Thomson Reuters is developing custom GenAI applications for courts, including a prototype system for the Massachusetts Court of Appeals for emergency eviction appeals and a project with Pennsylvania courts for writing bench memos.

Thomson Reuters Corporation

NYSE:TRI

TRI Rankings

TRI Latest News

TRI Stock Data

74.21B
449.71M
69.76%
20.77%
0.18%
Specialty Business Services
Industrials
Link
United States of America
Toronto