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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.
Mission statement
To empower professionals with trusted content, AI-enabled tools, and integrated workflows that improve decision-making, efficiency, and collaboration.
Products & Services
CoCounsel Legal Product
Simplify legal work with AI that integrates research, analysis, and drafting seamlessly.
www.thomsonreuters.com/en/products/cocounsel-legal- ✓ AI-assisted Analysis — Enhances Legal Analysis
- ✓ Content-backed AI Knowledge Base — Utilizes Trusted Sources
- ✓ Integrated Research and Drafting — Streamlines Legal Processes
- ✓ Case Studies for Real-World Impact — Showcases Proven Results
CoCounsel Audit Product
Standardizes audit workflows with AI for improved accuracy and efficiency.
www.thomsonreuters.com/en/products/cocounsel-audit- ✓ Audit Workflow Automation — Streamlines Audit Processes
- ✓ Citation-Backed Insights — Provides Verifiable Insights
- ✓ Guided Assurance — Ensures Compliance
CoCounsel Tax Product
Enhance efficiency and accuracy in tax processes with AI-driven research and deliverable management.
www.thomsonreuters.com/en/products/cocounsel-tax- ✓ Client Deliverables Acceleration — Accelerate Client Deliverables
- ✓ Tax Research Acceleration — Speed Up Tax Research
- ✓ Actionable Tax Strategies — Craft Actionable Strategies
- ✓ 1040 Return Preparation Automation — Automate 1040 Preparations
Practical Law Product
Deliver confident legal work with AI powered by expert knowledge.
www.thomsonreuters.com/en/products/practical-law- ✓ Guides Library — Provides Comprehensive Legal Guidance
- ✓ Templates and Checklists — Streamlines Legal Drafting Processes
- ✓ Real-Time Updates — Stay Informed On Legal Changes
- ✓ Integrated AI Assistance — Enhances Research and Analysis
HighQ Platform
Accelerate legal delivery through secure collaboration and AI-powered client engagement.
www.thomsonreuters.com/en/products/highq- ✓ Automated Workflows — Streamlines Matter Delivery
- ✓ AI-Powered Client Engagement — Enhances Client Communication
- ✓ Secure Collaboration — Facilitates Secure Teamwork
- ✓ Client Engagement Analytics — Measures Engagement Effectiveness
Legal Tracker Product
Enhance legal efficiency and minimize costs through AI-driven matter management.
www.thomsonreuters.com/en/products/legal-tracker- ✓ AI-powered Matter Management — Maximize Legal Efficiency
- ✓ Spend Optimization — Reduce Legal Costs
- ✓ Integration with Existing Workflows — Enhance Workflow
- ✓ Reporting and Analytics — Enable Data-Driven Decisions
Westlaw Edge Product
Enhance legal research efficiency with AI-powered insights.
www.thomsonreuters.com/en/products/westlaw-edge- ✓ Precise, Verified Answers — Get Verified Answers Quickly
- ✓ Strategic Insights — Gain Strategic Insights
- ✓ Time-Saving Technology — Save Time on Research
- ✓ User-Friendly Interface — Navigate Easily
- ✓ Integrated Workflow — Experience Seamless Integration
Westlaw Advantage Product
Accelerate legal research and strategic decision-making with integrated AI and trusted content.
www.thomsonreuters.com/en/products/westlaw-advantage- ✓ Agentic AI — Enhances Workflow Efficiency
- ✓ Verified Westlaw Content — Provides Trusted Resources
- ✓ Real-Time Research Outputs — Optimizes Legal Research Timing
- ✓ Integration with Supio — Connect Case Insights with Legal Research
Ready to Advise Product
Transform client data into tax strategies for optimal outcomes.
www.thomsonreuters.com/en/products/ready-to-advise- ✓ AI-guided Tax Strategy — Identify Opportunities
- ✓ Actionable Insights — Transform Data into Actions
- ✓ Implementation Guidance — Guide Implementation
Ready to Review Product
Automate 1040 preparation and scale tax capacity efficiently.
www.thomsonreuters.com/en/products/ready-to-review- ✓ 1040 Return Automation — Automates 1040 Preparation
- ✓ Scalable Tax Capacity — Scales Tax Capacity
SafeSend Product
Automates 1040 return preparation, enhancing efficiency and reducing manual input.
www.thomsonreuters.com/en/accounting-solutions/safesend-one- ✓ 1040 Return Automation — Automates Tax Preparation
Market Segments
Audit and assurance automation
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
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
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
Matter and operations capabilities for managing legal workstreams, optimizing spend, integrating with existing workflows, and enabling secure client collaboration and engagement analytics.
Related Organizations
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AI-powered platform delivering agents to automate accounting workflows for large CPA firms.
AI-enabled platform for audit and advisory firms to scale engagements and analytics.
Legal Dive is a leading publication providing in-depth journalism and analysis for in-house counsel.
LexisNexis Legal & Professional is a global provider of legal, regulatory, and business information and analytics that empower professionals to research, assess risk, and make informed decisions.
Mitratech provides enterprise-grade legal, risk, and compliance software solutions to help organizations automate processes and stay audit-ready across industries.
Common Questions
- What does Thomson Reuters do?
- 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.
- What is Thomson Reuters's role in the Audit and assurance automation market?
- Tools and workflows that create audit-ready evidence, automate evidence analysis, maintain granular audit trails, and speed assurance across financial and non-financial reporting.
- What is Thomson Reuters's role in the Legal research and drafting market?
- 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.
- How was the Audit and assurance automation market size estimate for Thomson Reuters calculated?
- 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.
- How was the Legal research and drafting market size estimate for Thomson Reuters calculated?
- 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.
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