Casetext, Inc.

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A Casetext, Inc. is a legal tech company that developed CoCounsel, the world's first AI legal assistant.



References

2023a

  • (LinkedIn, 2023) ⇒ https://linkedin.com/company/casetext/about/
    • QUOTE: Meet Casetext, the leaders of innovation in legal AI since 2013 and the developers of CoCounsel, the world's first AI legal assistant. CoCounsel completes document review, legal research memos, deposition preparation, and contract analysis in minutes—with results lawyers can trust.

      Our team of top litigators, reference attorneys, PhD data scientists, and leading AI engineers apply cutting-edge AI to the law to create solutions that enable attorneys to provide more efficient, higher-quality representation to more clients, gain a competitive advantage, and increase access to justice for everyone.

      Today, over 10,000 law firms—from solos and small practices to more than 40 Am Law 200 firms—rely on Casetext to elevate the quality of their practice. For more visit www.casetext.com.

2023b

2023c

  • (Reuters. 2023) ⇒ "Thomson Reuters to acquire legal AI firm Casetext for $650 million." Reuters June 27, 2023 10:59 AM
    • QUOTE: Thomson Reuters (TRI.TO) said on Monday it had agreed to acquire Casetext, a legal startup with an artificial intelligence-powered assistant for law professionals, in a $650 million all-cash deal.

       Thomson Reuters' chief financial officer, Michael Eastwood, had said last month that the company planned to spend about $100 million a year to invest in artificial intelligence (AI), which would be separate from the news and information company's merger and acquisition budget of about $10 billion from now till 2025.

    • One of Casetext's key products is CoCounsel, an AI legal assistant launched in 2023 and powered by GPT-4 that delivers document review, legal research memos, deposition preparation, and contract analysis in minutes, Thomson Reuters said in a statement.

       Casetext was granted early access to OpenAI's GPT-4 large language model, allowing it to develop solutions with the new technology and refine use cases for legal professional, it added.