Ep 238: Thomson Reuters' AI Strategy for Legal, with Mike Dahn, Head of Westlaw, and Joel Hron, Head of AI

On this episode of LawNext: A conversation about Thomson Reuters' strategy around generative artificial intelligence with two of the executives most directly responsible for its development and implementation.  In a year dominated by discussion of generative AI and its potential impact on the legal profession, Thomson Reuters has played a leading role. It started in June, when the company announced its $650 million acquisition of the legal research and AI company Casetext and the CoCounsel generative AI tool Casetext had developed in collaboration with OpenAI.   Then, in November, Thomson Reuters made good on its promise to integrate generative AI within its flagship legal research platform, introducing AI Assisted Research in Westlaw Precision. Soon after that, it rolled out generative AI within Practical Law, its legal know-how product. What does this all mean for legal research and legal software, now and into the future? Today we go deep into TR's AI development with two of the company's leaders in this area:  Mike Dahn, senior vice president and head of Westlaw product management.  Joel Hron, head of artificial intelligence and TR Labs. We talk about the development of AI Assisted Research in Westlaw Precision, the company's broader AI product strategy, its acquisition of CoCounsel and where that fits in its AI strategy, how the company is protecting against hallucinations and ensuring security, and the future of AI at Thomson Reuters and more broadly.    Thank You To Our Sponsors This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out. Paradigm, home to the practice management platforms PracticePanther, Bill4Time, MerusCase and LollyLaw; the e-payments platform Headnote; and the legal accounting software TrustBooks. Noodle: automate all of your practice's admin work, while you focus on growing your business without increasing headcount. Sharefile for Legal: Securely send, store, and share files – plus discover document workflows designed to improve your client experience   If you enjoy listening to LawNext, please leave us a review wherever you listen to podcasts.