Thomson Reuters presents a dynamic set of practical law tools
“By bringing AI, analytical tools and proprietary visual navigation technologies to our lawyer-authored content, we’ve created entirely new capabilities to help our clients thrive during this time of rapid change,” said Paul Fisher, president of the Legal Professionals segment of Thomson Reuters. “Practical Law Dynamic Tool Set has become our latest cairn, marking our path to becoming a true content-driven technology company.”
Legal professionals have long turned to Practical Law for expert resources written by lawyers to find reliable answers quickly. With Dynamic Tool Set, users can browse Practical Law resources to discover and view content in new ways; find the most relevant answers and know-how faster – like practice notes, checklists and articles; compare content across multiple jurisdictions; analyze market trends at a glance; and schedule and manage issues with quick customizable views of the work to be done.
“We’ve taken what we’ve learned from nearly three decades of enabling AI and tailoring our technology specifically to lawyer-drafted content in Westlaw Edge and applied it to a new set of editorial content. exclusive to Practical Law,” said Isabelle Moulinier, Vice President and Head of AI at Thomson Reuters Labs. “With more lawyers working remotely, the trusted advisor down the hall is no longer always there, and legal professionals are relying on technology to provide that expertise and find the expert in them- themselves, supported by AI and data-driven insights.”
Practical Law Dynamic Tool Set includes five distinct new features, each enabling users to extract more value from Practical Law content.
- Dynamic search is a Q&A feature that combines the power of AI with the legal expertise of over 600 lawyer editors worldwide, providing answers to legal research questions based on natural language queries, as well as links to relevant content on practical law.
- Knowledge map allows users to quickly browse topics and resources by graphically exploring Practical Law content, from overview to individual documents. The first of its kind in the legal space, Knowledge Map gives users a unique way to get a quick overview of their case and helps them find relevant resources they might otherwise miss.
- Quick comparison allows Practical Law users to create charts that assess key issues or concepts across jurisdictions. Users can leverage predefined charts or create and customize their own based on jurisdiction, topic or data point.
- Interactive Material Maps provide a graphical overview of the essential phases and tasks required to plan, manage and execute a legal matter. Created by expert Practical Law editors, Matter Maps provide links to key Practical Law resources supporting each task, and they are customizable so users can create their own map – performing the tasks they need and skipping the ones they don’t need.
- What is Market Analysis? allows users to easily explore market trends and instantly create data-driven insights and visualizations, such as charts and graphs of key terms in documents and agreements or comparisons of recent filings.
Fischer added, “More than ever, clients are looking to firms to deliver legal services differentiated by value and efficiency, and a big lesson from the past year is that the right technology and access to a Expert legal know-how – whether in the office or working remotely – is essential to maintaining a legal business.”
Check out the features of Practical Law’s dynamic toolset here and learn more about Practical Law here.
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