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EnterpriseMixedTRIVERIFIED

Thomson Reuters

Toronto, Canada• Founded 2008

Thomson Reuters is a global provider of information services and technology for legal, tax, accounting, risk, compliance, and media markets. The company delivers professional software and content products, including legal research and workflow tools, and has been integrating AI capabilities to improve search, drafting, and decision support for professionals.

AI Strategy

Thomson Reuters is embedding generative AI and machine learning into its flagship professional platforms to accelerate research, drafting, and workflow automation while emphasizing trusted content, citations, and governance for regulated professional use cases.

Key AI Products

Westlaw PrecisionWestlaw AI (AI-Assisted Research)Practical Law AI (features within Practical Law)Thomson Reuters CoCounselONESOURCE (with AI-assisted capabilities)

Financials

Business Focus

Legal technologyTax & accounting softwareRisk & complianceNews & media

Competitive Analysis

Strengths

  • Deep proprietary content and editorial expertise in legal/tax domains
  • Strong brand trust and compliance focus for professional markets
  • Large installed base and integrated workflows across research and drafting
  • Ability to combine content, citations, and AI for verifiable outputs

Challenges

  • Premium pricing vs. newer entrants
  • Complex product portfolio and legacy systems can slow iteration
  • High regulatory and reputational risk if AI outputs are incorrect

Strategic Partnerships

OpenAITechnology

Collaboration to power generative-AI features in legal and tax products, including CoCounsel, using OpenAI models with Thomson Reuters content and workflows.

MicrosoftTechnology

Cloud and productivity ecosystem partner; Thomson Reuters products integrate with Microsoft platforms and the company uses major cloud infrastructure for product delivery.

Competitors

Industries