Casetext

Casetext is a legal technology company that provides an AI-powered legal assistant called CoCounsel. CoCounsel leverages OpenAI's GPT-4, a large language model, to perform various legal tasks for attorneys. It is designed to assist lawyers with legal research, document review, deposition preparation, contract analysis, and drafting legal documents. CoCounsel combines OpenAI's advanced language model with Casetext's proprietary legal databases and search system, ParallelSearch, to deliver reliable and secure AI-powered legal services.

One of CoCounsel's key features is its ability to interpret and summarize complex legal documents, identify relevant information, and provide customized recommendations. It can review large volumes of case data, highlight important documents, and create comprehensive timelines from case materials. For contract analysis, CoCounsel can identify conflicts between contract clauses and specified policies, suggest revisions, and provide market comparisons for specific provisions.

CoCounsel aims to streamline legal workflows, enhance efficiency, and enable attorneys to focus on high-impact tasks. It offers a range of pricing plans tailored to the needs of law firms and legal departments, with options for basic legal research or more comprehensive AI-assisted services. As of March 2023, CoCounsel was being deployed firm-wide by Fisher Phillips, a labor and employment law firm, and had undergone extensive beta testing with over 400 attorneys from various firms, in-house legal departments, and legal aid organizations.

In May 2023, reports surfaced that Casetext was in talks to be acquired, potentially valuing the company in the hundreds of millions of dollars. Thomson Reuters, the owner of the legal research platform Westlaw, was mentioned as a possible public company buyer.