Laurel and Thomson Reuters Partner to Help Law Firms Prove AI Business Value

Laurel and Thomson Reuters have initiated a partnership aimed at helping law firms measure and prove the business value of AI technologies. Central to this collaboration is Laurel's platform, which captures work activity across legal workflows, including CoCounsel Legal and other attorney tools.

Laurel's technology converts actual work activity into accurate billable time. It also contributes to reducing write-downs and provides firm-wide AI ROI intelligence. Reports indicate that firms utilizing the Laurel platform can recover up to an additional 30 minutes of billable time per employee per day.

The collaboration is expected to deliver significant added value for legal practices investing in AI solutions. The combination of Thomson Reuters' extensive industry experience and Laurel's specialization in work activity measurement offers a robust approach to data analysis and business optimization.

This partnership intends to foster the responsible and effective adoption of AI within the legal sector. Both companies believe that a clear understanding of the value generated by AI is crucial for its broader acceptance and successful implementation.