TRThomson Reuters logo

Thomson Reuters Unclaimed

Legal Technology

legal.thomsonreuters.com

A leading provider of legal and business information and technology solutions.

Thomson Reuters provides legal, tax, and risk management content and technology solutions to professionals, enabling research, drafting, guidance, due diligence, and collaboration through AI-assisted analysis and integrated workflows.

To empower professionals with trusted content, AI-enabled tools, and integrated workflows that improve decision-making, efficiency, and collaboration.

What we offer

CoCounsel Legal

Simplify legal work with AI that integrates research, analysis, and drafting seamlessly.

www.thomsonreuters.com/en/products/cocounsel-legal

CoCounsel Audit

Standardizes audit workflows with AI for improved accuracy and efficiency.

www.thomsonreuters.com/en/products/cocounsel-audit

CoCounsel Tax

Enhance efficiency and accuracy in tax processes with AI-driven research and deliverable management.

www.thomsonreuters.com/en/products/cocounsel-tax

Practical Law

Deliver confident legal work with AI powered by expert knowledge.

www.thomsonreuters.com/en/products/practical-law

HighQ

Accelerate legal delivery through secure collaboration and AI-powered client engagement.

www.thomsonreuters.com/en/products/highq

Legal Tracker

Enhance legal efficiency and minimize costs through AI-driven matter management.

www.thomsonreuters.com/en/products/legal-tracker

Westlaw Edge

Enhance legal research efficiency with AI-powered insights.

www.thomsonreuters.com/en/products/westlaw-edge

Westlaw Advantage

Accelerate legal research and strategic decision-making with integrated AI and trusted content.

www.thomsonreuters.com/en/products/westlaw-advantage

Ready to Advise

Transform client data into tax strategies for optimal outcomes.

www.thomsonreuters.com/en/products/ready-to-advise

Ready to Review

Automate 1040 preparation and scale tax capacity efficiently.

www.thomsonreuters.com/en/products/ready-to-review

SafeSend

Automates 1040 return preparation, enhancing efficiency and reducing manual input.

www.thomsonreuters.com/en/accounting-solutions/safesend-one

Market segments

Market size by segment

Growth potential (CAGR)

Audit and assurance automation

8 Billion USD20% CAGR

Tools and workflows that create audit-ready evidence, automate evidence analysis, maintain granular audit trails, and speed assurance across financial and non-financial reporting.

Legal research and drafting

3.5 Billion USD7.4% CAGR

Integrated research, analysis, and drafting capabilities that deliver precise, citation‑backed answers and templates grounded in verified legal content to speed legal strategy and document production.

Tax workflow automation and compliance

22.5 Billion USD12.3% CAGR

Automation of tax preparation, filing, and advisory workflows with agents that scale capacity for complex engagements while maintaining compliance with firm and regulatory standards.

Matter management and legal operations

4 Billion USD12% CAGR

Matter and operations capabilities for managing legal workstreams, optimizing spend, integrating with existing workflows, and enabling secure client collaboration and engagement analytics.

More information about our offering

CoCounsel Legal

CoCounsel Legal is an AI-powered platform that unites research, analysis, and drafting in one seamless experience, grounded in trusted Westlaw and Practical Law content.

  • Enhances Legal Analysis
    CoCounsel Legal employs advanced AI to enhance legal analysis, streamlining the workflow for legal professionals.
  • Utilizes Trusted Sources
    The platform's AI is grounded in extensive databases, ensuring accurate and reliable legal information for decision-making.
  • Streamlines Legal Processes
    This feature allows users to conduct research, perform analysis, and draft documents within a cohesive system, improving efficiency.
  • Showcases Proven Results
    Case studies illustrate how firms have benefitted significantly from using CoCounsel, making it a compelling choice for legal professionals.

CoCounsel Audit

CoCounsel Audit standardizes audit workflows with AI-powered automation, delivering verifiable, citation-backed insights.

  • Streamlines Audit Processes
    By automating key steps in the audit process, CoCounsel Audit reduces time spent on manual tasks and enhances productivity, allowing professionals to focus on higher-value activities.
  • Provides Verifiable Insights
    CoCounsel Audit ensures that all insights generated are backed by reliable citations, which aids in compliance and boosts confidence during audit processes.
  • Ensures Compliance
    Guided Assurance identifies risks using AI to streamline the compliance process, enhancing overall audit quality and reliability.

CoCounsel Tax

CoCounsel Tax accelerates tax research and client deliverables using AI that centralizes trusted sources and firm data.

  • Accelerate Client Deliverables
    Utilize AI to produce client deliverables faster by integrating and centralizing relevant data and sources.
  • Speed Up Tax Research
    Enhance the efficiency of tax research processes by leveraging AI to access and process trusted information rapidly.
  • Craft Actionable Strategies
    Transform raw client data into practical tax strategies using AI-driven insights and tools.
  • Automate 1040 Preparations
    Significantly reduce time and errors in tax return processes by automating the preparation of 1040 forms.

Practical Law

Practical Law provides AI-powered legal guidance built on more than 650 attorney-edited guides, templates, and checklists.

  • Provides Comprehensive Legal Guidance
    Access a vast collection of attorney-created material that ensures accuracy and relevance, facilitating informed legal decision-making.
  • Streamlines Legal Drafting Processes
    Utilize pre-built templates and checklists to enhance efficiency in creating legal documents and ensuring compliance.
  • Stay Informed On Legal Changes
    Receive timely notifications about crucial changes in law, helping professionals remain compliant and well-informed.
  • Enhances Research and Analysis
    Utilize AI-driven insights to streamline research, enabling faster access to relevant legal information.

HighQ

HighQ is a secure collaboration platform that accelerates legal delivery through automated workflows and AI-powered client engagement.

  • Streamlines Matter Delivery
    Utilize automated processes to ensure timely and efficient handling of legal tasks and documents.
  • Enhances Client Communication
    Leverage AI to boost response times and personalize client interactions effectively.
  • Facilitates Secure Teamwork
    Ensure confidentiality and security while collaborating on sensitive legal documents.
  • Measures Engagement Effectiveness
    Analyze client interactions to optimize service delivery and improve client outcomes.

Legal Tracker

Legal Tracker is an AI-powered matter management solution that maximizes legal efficiency while reducing annual spend.

  • Maximize Legal Efficiency
    Leverage intelligent automation to streamline processes and improve case handling efficiency.
  • Reduce Legal Costs
    Implement smart cost management practices that help in minimizing unnecessary legal expenses.
  • Enhance Workflow
    Facilitates smoother transitions and usage across multiple legal operations and systems.
  • Enable Data-Driven Decisions
    Utilize actionable insights for better management and optimization of legal resources.

Westlaw Edge

Westlaw Edge provides AI-powered legal research with precise, verified answers and strategic insights. The advanced technology reduces research time and enhances the accuracy of legal findings, ensuring timely access to critical information.

  • Get Verified Answers Quickly
    Our AI tools enhance the accuracy of your results, allowing for swift and confident legal research.
  • Gain Strategic Insights
    Receive actionable insights that guide legal strategies and improve case outcomes.
  • Save Time on Research
    Streamlining research workflows means more time for case preparation and client engagement.
  • Navigate Easily
    Designed for ease of use, ensuring that all users can find critical information without extensive training.
  • Experience Seamless Integration
    Work across platforms to leverage all legal tools for better efficiency and collaboration.

Westlaw Advantage

Westlaw Advantage moves from research to strategy faster with agentic AI and comprehensive, verified Westlaw content.

  • Enhances Workflow Efficiency
    Streamline legal processes by integrating research directly into case strategy development.
  • Provides Trusted Resources
    Access reliable legal information tailored to jurisdiction-specific needs for informed decision-making.
  • Optimizes Legal Research Timing
    Immediate access to current legal precedents and citations helps attorneys make strategic decisions faster.
  • Connect Case Insights with Legal Research
    Facilitates seamless transitions from fact analysis to validated legal arguments during case preparation.

Ready to Advise

Ready to Advise turns client data into actionable tax strategies with AI that identifies opportunities and guides implementation.

  • Identify Opportunities
    Utilize AI to analyze client data and pinpoint potential tax strategies that can enhance compliance and profitability.
  • Transform Data into Actions
    Leverage advanced analytics to derive clear and implementable tax strategies from client data.
  • Guide Implementation
    Offers step-by-step assistance to ensure effective execution of tax recommendations.

Ready to Review

Ready to Review scales tax capacity with AI that automates 1040 return preparation and eliminates manual data-entry tasks.

  • Automates 1040 Preparation
    Ready to Review significantly reduces the time and effort required for 1040 tax return preparation, allowing professionals to focus on higher-value tasks.
  • Scales Tax Capacity
    Ready to Review’s AI capabilities ensure firms can handle increased workloads without compromising quality or speed.

SafeSend

SafeSend scales tax capacity with AI that automates 1040 return preparation and eliminates manual data-entry tasks.

  • Automates Tax Preparation
    This feature enhances efficiency by leveraging AI to handle 1040 returns, which reduces errors and saves valuable time for tax professionals.

References

Methodology and sourcing behind the figures shown above.

Audit and assurance automation

Search results show the broader audit & assurance services market ranges widely (USD ~70B–234B). Audit automation (software/tools) is a subset of that services spend — typical software penetration of professional services suggests a single-digit percent share. Using the cited service market sizes as the TAM and factoring rapid AI-driven demand for audit automation (Fact.MR shows a nascent AI-agent audit market at USD 0.4B in 2025 with very high CAGR), I estimate the audit and assurance automation tools market at roughly USD 5–10B (midpoint USD 8B). Growth potential is materially higher than legacy audit services (3–6% reported), reflecting accelerating AI/automation adoption; I conservatively estimate ~20% CAGR.

Legal research and drafting

Estimate derived by combining documented market figures for adjacent subsegments: legal document drafting services (~$2.5–2.61B in 2024–2025; low-single-digit CAGR) and legal research platforms (smaller current base with high growth, projected $2.0B by 2031 at ~17.2% CAGR). These two subsegments form the core of “legal research and drafting”; their weighted average growth (by estimated 2025 shares) yields a mid-single-digit to low‑teens blended CAGR (~7.4%). Broader legal technology market reports (2025 market ~ $33B) were used to confirm this segment is a small but growing subset of overall legal tech.

Tax workflow automation and compliance

Estimate derived from recent market reports for overlapping categories (tax management, tax technology, tax compliance). Market reports cluster around USD 19–25 billion (2025) for tax management/tech; tax-automation/compliance subsegment aligns more closely with tax-technology figures, which project double-digit growth. I used a midpoint (~USD 22.5B) of the 2025 estimates and adopted a growth potential (CAGR ~12.3%) consistent with leading tax-technology forecasts.

Matter management and legal operations

Search results show the overall legal services market is very large (US ~$305B; global ~$1,076B in 2025). Matter management and legal operations are a small software/technology subset of that market. Gartner guidance cited in vendor materials predicts legal departments will materially increase technology spend (threefold by 2025), supporting a higher-growth profile for legal operations software versus the wider legal services market. Combining the large addressable base, current modest penetration of dedicated matter-management/legal-ops software, and accelerated tech adoption, I estimate a global matter-management/legal-operations market of roughly $4B today with ~12% CAGR.

Related Organizations