Casetext
- Company typePublic
- Founded2008
- HeadquartersSan Francisco, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Casetext firmographics
Firmographics- Name
- Casetext
- Legal name
- Thomson Reuters
- Website
- https://casetext.com
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Casetext industry classification
Industry- Product category
- Legal AI Software
- NAICS
- Software Publishers (5132), Legal Services (5411)
- SIC
- Services-Prepackaged Software (7372), Services-Legal Services (8111)
- akta.pro primary industry
- Audit, Explainability & Accountability Tooling (traceability, reporting) (HDAAAKAL)
- akta.pro secondary industries
- Safety, Alignment & Content Moderation (Guardrails, Red Teaming) (HDAAACAI), Model Monitoring, Accountability & Incident Management (HDAAAMAF)
Keywords
Where Casetext is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Casetext business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription licensing: CoCounsel is sold as an annual subscription to law firms and corporate legal departments, with pricing at approximately $3,000/year per attorney. The product is now integrated into Thomson Reuters' product portfolio including Westlaw, Practical Law, and Checkpoint.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | CoCounsel Legal - Enterprise tier |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Casetext product offering
Product offeringCore offering
Casetext developed and launched CoCounsel, the first GPT-4-powered legal AI assistant, in March 2023, providing legal research, document analysis, contract review, e-discovery, deposition preparation, timeline creation, and drafting assistance through a single plain-language query interface. The platform generates citation-grounded responses verified against Thomson Reuters' Westlaw and Practical Law databases with over 1,000 nightly accuracy tests, and was acquired by Thomson Reuters for $650 million in August 2023, becoming their flagship AI product for legal professionals.
Product overview
Casetext developed and launched CoCounsel as the first AI-powered legal assistant in March 2023, then was acquired by Thomson Reuters for $650 million in August 2023. The product portfolio now includes CoCounsel Legal (core AI assistant for legal professionals), CoCounsel Essentials (entry tier), CoCounsel Tax (for tax professionals), and CoCounsel Audit (for audit professionals). All products are built on Thomson Reuters' fiduciary-grade AI standard, grounded in authoritative content from Westlaw, Practical Law, and Checkpoint. The next generation of CoCounsel is being rebuilt using Anthropic's Claude Agent SDK with agentic AI architecture.
Differentiator
Problem solved
Functional benefit
Brands
- CoCounsel: An industry-leading AI assistant for legal, tax, audit, and accounting professionals, powered by proprietary content and grounded in trusted, authoritative sources including Westlaw and Practical Law.
- CoCounsel Legal
- CoCounsel Tax
- CoCounsel Audit
- Westlaw
- Westlaw Edge
- Westlaw Advantage
- Practical Law
- HighQ
- Legal Tracker
- ONESOURCE
- CLEAR
- Fiduciary-Grade AI
Products and services
- CoCounsel Legal AI legal assistant providing legal research, document analysis, contract review, e-discovery, and drafting capabilities powered by GPT-4 and transitioning to Anthropic Claude. Grounded in authoritative Westlaw and Practical Law content with over 1,000 nightly accuracy tests for verifiable, citation-grounded responses.
- CoCounsel Essentials Entry-level AI assistant tier providing core legal research and document analysis capabilities for law firms and corporations at reduced pricing, serving as an accessible entry point to the CoCounsel platform.
- CoCounsel Tax AI assistant variant for tax professionals enabling tax research, client deliverables, and compliance work with trusted tax content integration from Thomson Reuters Checkpoint and other tax sources.
- CoCounsel Audit AI assistant variant for audit professionals providing workflow automation, verifiable citation-backed insights, and audit engagement support for accounting and audit professionals.
- CoCounsel 2.0 Enhanced version of the CoCounsel AI legal assistant launched in August 2024 with improved AI capabilities, building on the original GPT-4-powered platform and expanded integrations.
- CoCounsel Legal Next Generation Next generation CoCounsel Legal AI assistant rebuilt from ground up using Anthropic's Claude Agent SDK for agentic AI architecture, enabling intent-driven multi-step task execution where users articulate goals and the system plans execution steps.
Quantifiable outcome
- Reduces case law research duration by 60-75%
- +4 more outcomes
Companies that use Casetext
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Casetext technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability9 records
Feature3 records
Casetext partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Thomson ReutersflagshipThomson Reuters acquired Casetext in August 2023 for $650 million in an all-cash transaction. The acquisition occurred just four months after Casetext launched CoCounsel. Casetext's technology was integrated into Thomson Reuters' product portfolio including Westlaw, Practical Law, and Checkpoint. CoCounsel became the flagship AI product under the Thomson Reuters brand.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Casetext competitors and assessment
Company assessmentBroad incumbents
- Clio: Clio is the leading cloud-based legal practice management platform serving tens of thousands of law firms, increasingly with AI features. While its core is practice management rather than legal research, Clio's distribution and AI roadmap make it a comparable competitor for law firm wallet share.
- LexisNexis (Lexis+ AI): LexisNexis is one of the two dominant legal research incumbents alongside Westlaw, and has launched Lexis+ AI with generative AI capabilities. It competes with CoCounsel via a comparable content library and AI assistant, with deeper coverage in some international jurisdictions.
- Wolters Kluwer Legal: Wolters Kluwer is a major legal and regulatory information services incumbent with AI-augmented legal research and compliance products. It competes with CoCounsel via established legal content libraries and enterprise legal customer relationships globally.
Direct peers
- Harvey AI: Harvey AI builds an AI assistant for elite law firms and professional services firms, leveraging frontier LLMs for legal research, drafting, and document review. It is the closest direct competitor to CoCounsel in the legal AI assistant category, serving AmLaw 100 firms and corporate legal teams.
- Spellbook: Spellbook provides AI contract drafting and review software for lawyers, integrating with Microsoft Word. It overlaps with CoCounsel's contract review capabilities and competes for the same law firm and in-house legal budgets on document-related workflows.
- Evisort: Evisort is an AI contract lifecycle management platform used by legal and procurement teams for review, extraction, and analysis. It overlaps with CoCounsel's contract review and analysis capabilities, particularly in corporate legal departments.
- vLex: vLex (formerly vLex+Vincent) provides AI-powered legal research with a large global case law and statute database, including Vincent AI for legal Q&A and brief analysis. It is a direct competitor in AI legal research, particularly with strength outside the U.S.
- Luminance: Luminance builds AI for legal document review, contract analysis, and discovery, with strong adoption in enterprise and law firm contexts. It competes directly with CoCounsel on document review and e-discovery use cases, particularly for cross-border and regulatory matters.
Emerging players
- Ironclad: Ironclad is a contract lifecycle management platform with AI-assisted drafting, review, and workflow tools used by in-house legal teams. It targets similar corporate legal buyer personas as CoCounsel's contract analysis capabilities.
Others
- Thomson Reuters Westlaw: Westlaw is Thomson Reuters' flagship legal research platform and is now the parent product family into which CoCounsel is integrated. Listed as the broader ecosystem context for CoCounsel's content foundation and distribution channel rather than as an external competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Casetext social profiles
Digital presenceCasetext financial estimates
Financial estimateRevenue estimate
Valuation estimate
Casetext leadership team
Management profileNumber of profiles
Profiles1 record
Casetext funding detail
Funding detailFunding overview
Funding rounds7 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Casetext M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Casetext
What does Casetext do?
Casetext developed and launched CoCounsel, the first GPT-4-powered legal AI assistant, in March 2023, providing legal research, document analysis, contract review, e-discovery, deposition preparation, timeline creation, and drafting assistance through a single plain-language query interface. The platform generates citation-grounded responses verified against Thomson Reuters' Westlaw and Practical Law databases with over 1,000 nightly accuracy tests, and was acquired by Thomson Reuters for $650 million in August 2023, becoming their flagship AI product for legal professionals.
Is Casetext a public or private company?
Casetext is a public company. It is classified as corporate owned and is currently operating.
When was Casetext founded?
Casetext was founded in 2008. It employs 101 to 250 people.
Where is Casetext based?
Casetext is headquartered in San Francisco, United States, in the North America region.
How does Casetext make money?
One revenue line is on record: subscription licensing.
Who are Casetext's main competitors?
Broad incumbents on record are Clio, LexisNexis (Lexis+ AI) and Wolters Kluwer Legal. Direct peers are Harvey AI, Spellbook, Evisort, vLex and Luminance. Ironclad is listed as an emerging player. Thomson Reuters Westlaw is listed as an others.
Does Casetext have an API?
No public API is recorded for Casetext.
What industry is Casetext in?
Casetext's product category is Legal AI Software. Its primary akta.pro industry code is HDAAAKAL, Audit, Explainability & Accountability Tooling (traceability, reporting), with a secondary code of HDAAACAI, Safety, Alignment & Content Moderation (Guardrails, Red Teaming). Its NAICS code is 5132 and its SIC code is 7372.