Thomson Reuters Acquires Casetext: Advancing Legal Technology with AI

In a significant development for the legal industry, Thomson Reuters, a renowned global provider of legal solutions, has acquired Casetext, an AI-powered legal research platform based in California. This acquisition marks a step forward in the integration of technology into the legal field.
Casetext's AI technology analyzes vast amounts of legal information, including case law, statutes and regulations, providing users with comprehensive insights and relevant precedents. This AI-powered platform streamlines legal research, saving valuable time and resources for legal professionals.
The collaboration between Thomson Reuters and Casetext also paves the way for increased access to legal knowledge. Casetext's platform employs a crowdsourcing model, allowing legal practitioners to contribute annotations and insights to legal texts. This collaborative approach fosters knowledge-sharing among legal professionals worldwide, creating a vast network of collective expertise.
Thomson Reuters' acquisition of Casetext represents a milestone in the evolution of legal technology. By harnessing the power of AI, legal research becomes more efficient and accurate, benefiting legal professionals and their clients. Thomson Reuters’ acquisition of Casetext is subject to regulatory approvals and customary closing conditions. The deal is expected to close in the latter half of 2023.
Author: Alexa Guerra, 2023 Summer Student-At-Law
Photo Credit: istock.com/your_photo.
Expertise
Insights
-
Technology
Web Summit Vancouver 2025: A Resounding Success
Web Summit is a growing international technology conference that has rapidly become “one of the world’s biggest and best”. As the predecessor to Toronto’s highly-successful Collision conference, Web… -
Technology
Microsoft $400 Million Investment in Swiss Data Centres
Microsoft recently announced a US$400 million investment in its Swiss data centres to develop cloud computing and AI infrastructure in the country. The money will be used to expand and upgrade four of… -
Technology
Canadian Startup Zown Heads South to Revolutionize the US Real Estate Market
Since 2022, Zown Realty Inc. (“Zown”) has provided Canadians with an easy, fast and comprehensive app to support those looking to buy or sell real estate. Zown recently expanded into the United States… -
Technology
Eli Health Secures C$17M to Bring Hormone Testing to the Home
Eli Science Inc. (“Eli Health”), a Montreal-based startup, has secured C$17 million in Series A funding to launch its at-home hormone monitoring technology. This round of investment was led by… -
Technology
Google Announces Fashion-Forward Partnerships for AR Glasses
At Google’s annual developer conference, dubbed “Google I/O,” the company introduced a partnership with fashion brands Gentle Monster and Warby Parker. The goal of the partnership is to work together… -
Technology
Stablecorp Raises $2.5 million for QCAD Stablecoin
Stablecorp Inc. (“Stablecorp”), a Toronto-based fintech company, has secured C$2.5 million (approximately US$1.8 million) in strategic funding to accelerate the growth and advancement of QCAD, its…