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tax.thomsonreuters.com
Thomson Reuters is a global provider of information, software and services for legal, tax, and corporate professionals.
Thomson Reuters is a global information and technology company serving professionals in the legal, tax, corporate, and government sectors. It provides trusted data, analytics, and software tools that help organizations research, manage risk and compliance, and improve decision making. The company focuses on enabling efficiency and accuracy for lawyers, tax professionals, corporate teams, and public institutions through industry-focused content, workflows, and solutions that support client service and governance.
Mission statement
To deliver trusted information and innovative technology that empower professionals to work more efficiently, stay compliant, and deliver high-quality outcomes for clients and organizations.
Products & Services
CoCounsel Legal Product
Enhances legal workflows with unified AI for research, analysis, and drafting.
tax.thomsonreuters.com/en/products/cocounsel-legal- ✓ AI-powered analysis — Provides AI-Assisted Analysis
- ✓ AI-powered drafting — Enhances Drafting Efficiency
- ✓ AI-powered research — Improves Research Accuracy
- ✓ Unified AI workflow — Streamlines Legal Tasks
- ✓ Customization Capabilities — Tailors User Experience
Westlaw Product
Find legal answers faster with trusted research software powered by 150 years of expertise.
legal.thomsonreuters.com/en/products/westlaw- ✓ Advanced Research Technology — Locate Resources Efficiently
- ✓ Trusted Content And Editorial Enhancements — Access Verified Legal Materials
- ✓ Comprehensive Case Law Coverage — Access Diverse Legal Precedents
- ✓ AI-Powered Insights — Enhance Research Outcomes
- ✓ User-Friendly Interface — Improve Research Efficiency
Practical Law Product
Enhances legal practice with expert guidance and customizable resources.
legal.thomsonreuters.com/en/products/practical-law- ✓ Guidance for Everyday Practice — Empowers Confident Legal Practices
- ✓ Guides, Templates, and Checklists — Streamlines Legal Workflows
- ✓ Real-Time Legal Updates — Keeps Practice Current
- ✓ Practice Area Insights — Supports Informed Strategic Planning
HighQ Platform
Enhances legal service delivery through secure collaboration and automated processes.
legal.thomsonreuters.com/en/products/highq- ✓ AI-powered Client Engagement — Streamlines Client Interaction
- ✓ Automated Workflows — Reduces Manual Tasks
- ✓ Secure Collaboration — Facilitates Secure Communication
- ✓ Matter Management — Centralizes Legal Matters
- ✓ Real-time Collaboration Tools — Enhances Team Collaboration
ONESOURCE Platform
Simplifies global tax compliance and enhances decision-making efficiency.
www.thomsonreuters.com/en/products-services/onesource- ✓ Global Tax Compliance and Decision Making — Ensures Compliance
- ✓ Automated Tax Workflows — Streamlines Processes
- ✓ Real-Time Data Integration — Enhances Accuracy
- ✓ Seamless API Integrations — Supports Customization
- ✓ Comprehensive Tax Reporting — Simplifies Reporting
Onvio Platform
Facilitates seamless collaboration and streamlining for tax and accounting teams.
tax.thomsonreuters.com/en/onvio- ✓ Cloud-based Collaboration — Enhances Team Interaction
- ✓ Integrated Practice Workflows — Streamlines Operations
- ✓ Real-time Analytics — Improves Decision-Making
- ✓ Document Management — Centralizes Documentation
- ✓ Financial Reporting Tools — Simplifies Reporting
CS Professional Suite Platform
Empowers tax and accounting firms to streamline workflows and automate processes for enhanced productivity.
tax.thomsonreuters.com/us/en/cs-professional-suite- ✓ Integrated Software Suite — Manage All Tax Processes
- ✓ Agentic AI-Powered Insights — Leverage Intelligent Automation
- ✓ Professional Services Integration — Enhance Workflow Efficiency
- ✓ Client Experience Enhancement — Elevate Client Engagement
- ✓ Customizable Workflows — Tailor Processes to Your Needs
CoCounsel Tax Product
Streamline tax processes with AI-driven insights and reliable information.
www.thomsonreuters.com/en/products/cocounsel-tax- ✓ AI-assisted Tax Workflows — Enhance Efficiency
- ✓ Authoritative Content Backing — Access Reliable Insights
- ✓ Integrated Audit Features — Improve Accuracy
- ✓ Scalable Tax Solutions — Support Growth
- ✓ Comprehensive Tax Research — Simplify Research
ONESOURCE Indirect Compliance Product
Streamlines global indirect tax compliance, enhancing accuracy and efficiency.
tax.thomsonreuters.com/en/onesource/indirect-tax/compliance- ✓ Global compliance coverage — Ensures Compliance Worldwide
- ✓ Indirect tax automation — Streamlines Tax Processes
- ✓ Real-time updates — Stay Informed
- ✓ Integration with ERP systems — Enhances Efficiency
ONESOURCE Pagero Product
Streamlines global e-invoicing compliance, simplifying complex mandates.
www.thomsonreuters.com/en/products/onesource-pagero- ✓ Global e-invoicing — Ensures Compliance With E-Invoicing
- ✓ Single integrated solution — Centralizes Invoicing Processes
- ✓ Continuous transaction controls — Automates Compliance Checks
ONESOURCE Export Management Product
Simplify and automate export compliance for efficient global trade management.
tax.thomsonreuters.com/en/onesource/global-trade-management/export-compliance- ✓ Export Compliance Management — Ensures Compliance With Export Regulations
- ✓ Global Trade Alignment — Facilitates Efficient Trade Documentation
- ✓ Integrated Global Trade Solutions — Streamlines Trade Processes
- ✓ Real-Time Regulatory Updates — Keeps You Informed on Compliance Changes
- ✓ Automated Export Reporting — Simplifies Reporting Requirements
ONESOURCE Foreign Trade Zone Management Product
Simplifies foreign trade zone management for enhanced efficiency and compliance.
tax.thomsonreuters.com/en/onesource/foreign-trade-zone-management- ✓ Foreign Trade Zone Management — Streamline Zone Compliance
- ✓ Trade Facilitation — Enhance Trade Efficiency
- ✓ Real-Time Reporting — Access Insights Instantly
- ✓ Customizable Workflow Automation — Adapt Workflows Quickly
ONESOURCE Free Trade Agreement Management Product
Streamline Free Trade Agreement Management for Enhanced Compliance and Efficiency.
tax.thomsonreuters.com/en/onesource/global-trade-management/free-trade-agreement- ✓ FTA Management — Manage FTAs Effectively
- ✓ Trade Agreement Compliance — Ensure Compliance Across Treaties
- ✓ Automated Reporting — Generate Compliance Reports
ONESOURCE Global Classification AI Product
Streamline global trade compliance with AI-driven classification technology.
tax.thomsonreuters.com/en/products/onesource-global-classification-ai- ✓ AI-driven classification — Enhances Accuracy
- ✓ Automation of data labeling — Increases Efficiency
ONESOURCE Import Management Product
Streamline cross-border imports and ensure compliance with customs regulations.
tax.thomsonreuters.com/en/onesource/global-trade-management/import-compliance- ✓ Cross-border efficiency — Enhance Workflow Efficiency
- ✓ Import compliance — Ensure Regulatory Compliance
- ✓ Regulatory updates — Receive Automatic Updates
- ✓ Documentation management — Organize Import Documents
ONESOURCE Global Trade Content Product
Support global trade compliance and classification with comprehensive content.
tax.thomsonreuters.com/en/onesource/global-trade-management/content- ✓ Content-driven decision support — Informs Tax And Trade Decisions
- ✓ Global trade content — Enhances Compliance And Classification
- ✓ Integration with ONESOURCE Solutions — Integrates With ONESOURCE Suite
- ✓ Regular Content Updates — Provides Current Compliance Information
Market Segments
Legal research and knowledge management
Capabilities that provide authoritative legal content, advanced search, and practitioner-ready guidance to support legal research, precedents, and practice knowledge.
Legal document automation and drafting
Automated drafting and assembly of pleadings, discovery responses, deposition summaries, cross‑examination chapters, and research‑backed documents in a firm’s voice to accelerate matter preparation.
Matter management and secure client collaboration
Platforms for managing matters, documents, client communications, and collaborative workflows with security and real-time collaboration features.
Corporate tax and compliance
Services focused on tax planning, preparation, credits (including R&D), international tax strategies, depreciation optimization, and tax risk and compliance management for businesses.
Trade compliance and customs classification
Capabilities to manage export classification, HS/HTS codes, preferential origin and trade-agreement compliance, and related documentation to protect market access and meet customs and defense-related requirements.
Related Organizations
AI.Law is an AI-powered litigation operating system that helps law firms manage civil cases end-to-end with a War Room-based case map.
Assent enables manufacturers to achieve compliant, sustainable product lifecycles through AI-powered data and insights.
Butler Labs, Inc. builds AI-native legal technology to empower plaintiff law firms to grow, deliver better client outcomes, and streamline casework across the lifecycle.
Indinero is a remote-first, all-in-one finance team delivering accounting, tax, and CFO services to help businesses grow.
Law Practice AI is a legal AI software platform that helps plaintiff law firms operate more efficiently at scale.
AI-powered platform enabling personal injury firms to manage cases, draft documents, and analyze evidence to increase efficiency.
Common Questions
- What does Thomson Reuters do?
- Thomson Reuters is a global information and technology company serving professionals in the legal, tax, corporate, and government sectors. It provides trusted data, analytics, and software tools that help organizations research, manage risk and compliance, and improve decision making. The company focuses on enabling efficiency and accuracy for lawyers, tax professionals, corporate teams, and public institutions through industry-focused content, workflows, and solutions that support client service and governance.
- What is Thomson Reuters's role in the Legal research and knowledge management market?
- Capabilities that provide authoritative legal content, advanced search, and practitioner-ready guidance to support legal research, precedents, and practice knowledge.
- What is Thomson Reuters's role in the Legal document automation and drafting market?
- Automated drafting and assembly of pleadings, discovery responses, deposition summaries, cross‑examination chapters, and research‑backed documents in a firm’s voice to accelerate matter preparation.
- How was the Legal research and knowledge management market size estimate for Thomson Reuters calculated?
- Estimate derived by reconciling overall legal-technology market sizes (~USD 30–35B) with specialist legal-AI and legal-analytics/knowledge-management submarkets (USD ~1.8–3.1B) and reported application-level growth. Legal research and knowledge-management capabilities are a material subset of legal tech (approx. 10–12% share) and align with reported legal-analytics/knowledge-management CAGRs (≈11–14%), so the segment is estimated at about USD 3.5B with ~12% CAGR potential.
- How was the Legal document automation and drafting market size estimate for Thomson Reuters calculated?
- Search results show multiple analyst estimates with varying scopes. Software-focused reports cluster around USD 3–3.7B in the mid-2020s (WiseGuy, WGR), while one vendor report is lower (BRI ~USD 1.28B). Service-focused and broader Legal AI reports show different baselines. I therefore estimate the legal document automation and drafting software market at ~USD 3.3B (mid-2020s) with growth potential ~11% CAGR, reconciling software-specific forecasts (≈10.6–13%) and excluding broader legal-AI figures that skew higher.
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