Thomson Reuters unveiled a new commercial model for its AI offerings, including CoCounsel Legal, which will follow a multiyear subscription format with mostly increased annual fees. This model aims to provide continual upgrades at no additional cost, mirroring the approach of Microsoft 365. It seeks to overcome significant issues in legal tech, particularly in pricing transparency and excessive product segmentation, where potential customers often find it challenging to obtain clear pricing information and navigate numerous similar products from major vendors.
Thomson Reuters announced a revised commercial model for its AI features, including CoCounsel Legal subscriptions with increased fees that promise continuous upgrades at no extra cost.
The new subscription model resembles Microsoft 365, where users pay for upgrades as they occur, addressing common issues in legal tech like opaque pricing structures and product over-segmentation.
Collection
[
|
...
]