ThoughtTrace.
The newest member of the Thomson Reuters Family.
With the latest acquisition of A.I. document analysis firm, ThoughtTrace, Thomson Reuters is combining the expertise of hundreds of attorney subject-matter-experts from Practical Law with cutting-edge AI contract review technology that works on day one (try Practical Law and ThoughtTrace for free).
What does this mean for you? This powerful combination will transform contract review across use cases, industries, and your business.
- Leverage A.I. with No User Training Required
- Review Contracts in Minutes
- Protect & Advance the Business
- Save Costs & Enhance Internal Productivity
"Thomson Reuters has long been a leader using AI and machine learning, and this will accelerate advancements in multiple areas, including contract analysis, contract lifecycle management and legal workflows."
-Kriti Sharma, Chief Product Officer - LegalTech Product Portfolio,
Thomson Reuters
Free Test Drive of
Practical Law + ThoughtTrace
Practical Law gives you trusted guidance on legislation, unanticipated events, and more. You need an agile way to apply this knowledge based on your unique situation - which is very often dictated by the documents that govern your relationships and operations. That's where ThoughtTrace comes in.
By leaning on the expertise of 600+ attorney editors, you can rely on AI models that cover more practice areas, are more in-depth, and with higher accuracy and faster improvement cycles. Try this unique combination to reduce manual research efforts and inform proactive decision making.
ThoughtTrace is an AI-powered document understanding and contract analytics platform that enables legal teams to identify critical information from documents in seconds so they can reduce outsourcing costs, mitigate risk, and strategically enable the business.
Thomson Reuters 2022 State of the Corporate Legal Department
Global research from the Thomson Reuters Institute provides legal spend benchmarks, evidence-led advice to optimize legal processes, and peer insights.
The most successful legal departments will be those which can leverage the momentum of the last two years to actively embrace transformative change, both within their organizations and in their relationships with outside advisors.
Get your complimentary copy of the 2022 State of Corporate Law Departments Report to receive:
- Legal spend benchmarks to enable you to compare your business to competitors and evaluate your spend levels and allocations
- Evidence-led advice on how to optimize your department and its outputs
- Peer insights collated from other corporate legal departments across the world to inspire innovation and transformational change.
“ThoughtTrace will revolutionize how the world deals with complex documents."
What our Customers are Saying
Protect & Advance the Business
"We hit a grand slam with a $4 million find that would have otherwise gone missed."
Improve Visibility. Review Agreements in Minutes
"I had complex questions about my agreements, and ThoughtTrace made it possible. Easy, actually."
Save Costs & Enhance Productivity
"We get answers in minutes. This saves an incredible amount of time, which saves us money, and creates tremendous efficiency."
We are excited to have ThoughtTrace joining our organization and this acquisition brings additional technology and expertise to further the AI and analytics capabilities in our LegalTech platform.
Thomson Reuters has long been a leader using AI and machine learning, and this will accelerate advancements in multiple areas, including contract analysis, contract lifecycle management and legal workflows.
- Kriti Sharma, Chief Product Officer, LegalTech Product Portfolio.
©2022 ThoughtTrace, Part of Thomson Reuters