Casetext is a legal AI company that has been developing cutting-edge technology for over a decade, including CoCounsel, the world’s first reliable AI legal assistant. CoCounsel can perform several critical tasks, such as document review, legal research memos, deposition preparation, and contract analysis in minutes, helping lawyers work more efficiently and effectively. With CoCounsel, lawyers can input an issue and relevant information such as jurisdiction and receive a complete answer with supporting sources in seconds. CoCounsel identifies critical documents in contract databases and key information in discovery, increasing precision and recall, and lowering costs. CoCounsel can also automate contract revision by identifying relevant clauses, conflicts, and risks and recommending revisions. Casetext is relied upon by over 10,000 law firms, including solo and small practices, Am Law 100 firms, and in-house legal departments. The company’s leadership team has unparalleled expertise, including serving as president of the Stanford Law Review, working on the Senate Judiciary Committee, litigating for top-tier firms, and patenting ABA-recognized technology. Casetext thoroughly vets every new technology before launching solutions to ensure trust and safety, and its expert attorneys and prompt engineers spend thousands of hours and several months training CoCounsel. Casetext’s CoCounsel builds on the power of GPT-4, the AI that outperformed real bar candidates. Overall, Casetext is a reliable and innovative legal AI company that is transforming the practice and business of law, empowering more lawyers to provide higher-quality, more efficient, and more affordable representation to more people.
Pros And Cons Of Casetext
Pros
Document review feature
Legal research memo function
Deposition preparation
Contract analysis module
Fast response time
Automates contract revision
Identifies relevant clauses
Identifies conflicts and risks
Suggested revisions
Relied upon by 10
000+ firms
Suitable for solo/small practices
Fits Am Law 100 firms
Fits in-house legal departments
Leadership with unparalleled expertise
CoCounsel trained by experts
Rigorous technology vetting process
GPT-4 powered
Identifies key information in discovery
Increases precision and recall
Lowers costs
Comprehensive legal data coverage
Training and support resources
Expert attorney feedback loop
Deposition preparation automation
Expanding access to legal representation
Improves practice efficiency
Trust and safety priority
Jurisdiction-based issue response
Cons
No on-premise version
Relies on GPT-4 only
Lack of integration options
Jurisdiction limitations
Might benefit big firms more
Lengthy training process
Not open source
No multi-language support
No direct purchase option
Pricing Of Casetext
FQA From Casetext
What is CoCounsel?
CoCounsel is the world's first reliable AI legal assistant developed by Casetext. It performs crucial legal tasks such as document review, legal research memos, deposition preparation, and contract analysis in minutes.
How does CoCounsel work?
CoCounsel operates by accepting input about an issue and relevant information such as jurisdiction. It delivers a complete answer with supporting sources in a matter of seconds. It identifies critical documents in contract databases and crucial information in discovery to enhance precision, recall, and reduce costs. When provided with contracts and policies they should comply with, CoCounsel determines relevant clauses, conflicts, risks, and suggests revisions.
What tasks can CoCounsel perform?
CoCounsel can perform several key tasks that are integral to legal work. These include document review, creating legal research memos, preparing for depositions, and analyzing contracts.
How does CoCounsel help in legal research and document analysis?
CoCounsel helps in legal research and document analysis by providing complete answers with supporting sources in just a few seconds based on input about an issue and relevant information such as jurisdiction. It also identifies critical documents in contract databases and key information in discovery, thus increasing precision and recall while also reducing costs.
What is the technology behind CoCounsel?
CoCounsel is built on the power of GPT-4, a notably effective AI technology. It uses this technology to carry out its tasks at superhuman speed, delivering reliable results.
How can CoCounsel assist in deposition preparation?
CoCounsel assists in deposition preparation by allowing users to provide information about their deposition and the return of a thorough outline in no time.
How does CoCounsel automate contract revision?
CoCounsel automates contract revision by allowing users to upload contracts and policies they should comply with. It then identifies relevant clauses, conflicts, and risks, and recommends revisions.
What kind of law firms use CoCounsel?
CoCounsel is used by over 10,000 law firms, including solo and small practices, Am Law 100 firms, and in-house legal departments.
What is the expertise of Casetext's leadership team?
Casetext's leadership team has unparalleled expertise. Their accomplishments include serving as president of the Stanford Law Review, working on the Senate Judiciary Committee, litigating for top-tier firms, and patenting ABA-recognized technology.
How does Casetext ensure the trust and safety of its technology?
Casetext ensures the trust and safety of its technology by thoroughly vetting every new technology before launching solutions. It's expert attorneys and prompt engineers have spent thousands of hours and several months training CoCounsel, filtering, ranking, and scoring results.
Can you explain the relationship between CoCounsel and GPT-4?
CoCounsel builds on the power of GPT-4, the AI that outperformed real bar candidates. This technology allows CoCounsel to deliver superior work at superhuman speed.
How does Casetext's CoCounsel impact the practice and business of law?
Casetext's CoCounsel impacts the practice and business of law by empowering more lawyers to provide higher-quality, more efficient, and more affordable representation to more people. It does this by streamlining and automating many common tasks, allowing lawyers to achieve more than before.
Can CoCounsel help in identifying critical documents in contract databases?
Yes, CoCounsel assists in identifying critical documents in contract databases. It detects key information in discovery, increasing precision and recall and reducing costs.
Who exactly can benefit from Casetext's CoCounsel?
Casetext's CoCounsel can benefit a wide variety of legal professionals, including solo and small firm lawyers, big firm lawyers, in-house counsel, litigators, and transactional attorneys.
What are the transactional skills offered by CoCounsel?
In terms of transactional skills, CoCounsel allows upload of contracts and policies they should comply with, and subsequently identifies relevant clauses, conflicts, risks, and recommends revisions.
How efficient is CoCounsel in terms of speed and reliability?
CoCounsel is highly efficient in terms of speed and reliability, performing tasks like document review, depreciation preparation, and contract analysis in minutes. Furthermore, it is trusted by over 10,000 law firms, ensuring its reliability.
How can I join the waitlist for CoCounsel?
To join the waitlist for CoCounsel, one can do so directly through the Casetext website at the web address, https://casetext.com/waitlist/.
Is there a demo video I can watch to understand CoCounsel better?
To watch a demo video and understand CoCounsel better, you can follow this link: https://casetext.com/demo-video/.
How does CoCounsel assist in automating contract revision?
CoCounsel assists in automating contract revision by allowing users to upload contracts and the policies they should comply with. CoCounsel then identifies relevant clauses, conflicts, risks, and makes suitable revision recommendations.
What kind of support does Casetext offer for CoCounsel users?
Casetext offers support for CoCounsel users through various means. They provide support through their support page at https://casetext.com/support/ and help center at https://help.casetext.com/. They also offer training on using their system at https://casetext.com/training/.
