CoCounsel vs. August

August

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Thomson Reuters CoCounsel is an AI-powered professional productivity platform developed to support legal services, tax preparation, accounting, auditing, and compliance-related work. The platform combines generative artificial intelligence, agentic workflow automation, and authoritative professional research content within specialized workspaces. CoCounsel Legal enables attorneys and legal teams to conduct research using Westlaw and Practical Law, analyze legal questions, and generate citation-backed reports. Its document review capabilities allow users to examine contracts, litigation materials, and large document collections to extract facts, identify issues, and compare information across multiple sources. Tabular Analysis supports reviewing up to 10,000 documents against as many as 100 questions, with results organized into interactive tables linked to supporting evidence. Legal drafting tools assist with creating agreements, correspondence, and other work products using organizational precedents and relevant research materials. CoCounsel Tax combines Thomson Reuters Checkpoint content, tax authorities, and firm documents to support tax research, return analysis, regulatory questions, and client deliverable preparation. CoCounsel Audit & Accounting helps professionals analyze audit workpapers, investigate inconsistencies, research accounting standards, and create documentation for review processes. The platform's agentic AI capabilities support multistep task planning, information retrieval, document analysis, and automated generation of structured outputs. Users can work with document collections, apply reusable workflow templates, access shared workspaces, and integrate AI assistance into existing professional processes. CoCounsel includes source-linked responses, enterprise-grade security and privacy controls, and specialized capabilities designed to support human review and verification of legal, financial, and regulatory work.

What is August?

August functions as an all-encompassing legal AI platform designed to support law firms in streamlining vital workflows and boosting operational productivity by merging drafting, review, collaboration, and business processes into a single, unified interface. This cutting-edge tool enables lawyers to create, review, redline, and manage documents through AI that is tailored to fit each firm's specific precedents, templates, and style preferences, thereby ensuring that all outcomes align with established legal standards. A standout feature is its tabular document review capability, which efficiently extracts and compares essential data from large volumes of files, complemented by AI-assisted clause drafting that allows users to modify and refine contracts directly in widely used software such as Microsoft Word. Additionally, it includes an intelligent assistant that can address questions across various documents, summarize content while offering references, and generate client-appropriate communication materials, greatly reducing the time attorneys spend on research and preliminary reviews. By incorporating these advanced functionalities, August not only optimizes workflows but also significantly increases the productivity of legal teams, allowing them to focus on more strategic tasks. Ultimately, this innovative platform transforms the way legal professionals operate, setting a new standard for efficiency in the legal industry.