About
CoCounsel is Thomson Reuters’ enterprise-grade AI assistant, built on large language models and integrated into its research and drafting products. It helps tax and legal professionals summarize source material, draft memos, and analyze regulations with verified citations. Designed for firms that rely on Checkpoint and Westlaw, CoCounsel extends TR’s trusted research ecosystem with secure generative AI capabilities that maintain professional-grade accuracy and data protection.
Tax professionals express mixed feelings about CoCounsel, praising its powerful research capabilities and time-saving features, particularly for heavy research workloads. However, concerns arise regarding its high cost of $3,400 per user, mandatory training fees, and the requirement for multi-factor authentication, which complicates login sharing. While some find it worthwhile, others question the value compared to competitors and express skepticism about the pricing strategy.
Reddit Mentions
Has anyone used CoCounsel (new checkpoint) and is it worth the high cost? I took a demo of the audit side and it looks great. I haven't demo'd the tax research side yet but I'm sure it's excellent. I am able to get a great new customer discount for the first year but the renewal is going to be brutal once that discount goes away. If you are using it, is it worth the high cost $3,400 per user? Salesman said that MFA is required so sharing logins may not be easy to do. I want to say Blue J would l
View on Reddit →I use it almost daily for tax research and CoCounsel is easily the most powerful tool I’ve used in my entire career. It is excellent at finding and citing answers to my prompts and has saved me countless hours of research time. If your day-to-day is research heavy, I think the $3,400 would be well spent. It really is an awesome product.
View on Reddit →Yeah I told them the same thing. They are charging just to trial CoCounsel and training is mandatory - which you also have to pay for. Even after you subtract out the cost of Checkpoint it’s still really expensive. The product is better on the audit side than on the tax side as of now.
View on Reddit →TR spent $800M to acquire CoCounsel so they are trying to make their money back. Been talking to the guys at Bizora and they are releasing their own version of doc review and commented that they don’t understand why TR charges so much. Hopefully their pricing is a little more reasonable.
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