Thomson Reuters shares surge 11% as CoCounsel AI platform crosses 1 million user milestone

Why Shares of Thomson Reuters Are Surging Today (Hint: It Has to do With Artificial Intelligence) | The Motley Fool

The company now has 1 million professionals using one of its artificial intelligence solutions. Shares of the content and tech company Thomson Reuters Corp (TRI +11.96%) traded nearly 12% higher today, as of 11:42 a.m. ET. In a press release, the company announced that 1 million law professionals now use its artificial intelligence-powered legal solution, CoCounsel. Thomson Reuters' stock has been hammered over the past year, down nearly 49%. The company has been part of the software sell-off, driven by concerns that AI will be able to recreate software solutions much more quickly and using far fewer resources. Today, Thomson Reuters announced that its AI legal assistant CoCounsel is gaining traction. The tool can be used to conduct deeper research on legal matters, accelerate litigation work, and integrate with programs frequently used by legal professionals, such as Westlaw, Practical Law, and Microsoft 365. In the press release, Thomson Reuters said CoCounsel taps into content refined over 175 years and leans on "expert-developed validation logic." "Professionals are not deciding whether to use AI anymore. They are deciding which AI they trust when their reputation and their clients' data are on the line," Thomson Reuters President and CEO Steve Hasker said in a statement, stressing that customer data remains protected. Interestingly, Thomson Reuters shares fell sharply after Anthropic announced new AI tools for legal professionals earlier this month. Now, the stock is rising, due to the success of one of its AI solutions. Investors will be tempted to buy the dip in software stocks, but it's important to look for those that will adapt to changing times. Thomson Reuters is clearly adapting. However, the stock currently trades around 27 times trailing earnings. That's well below its five-year average. The company grew adjusted earnings 4% in 2025 and had organic revenue growth of 7%. It's guiding for solid growth in 2026, but investors will need to determine the right multiple in a world where AI may break down barriers to entry. I'm not entirely sure what that is in this new world, so it could take time for the market to digest companies in this position.

Thomson Reuters Climbs as CoCounsel Hits 1 Million Users Amid AI-Driven Fears

Thomson Reuters shares jumped Tuesday morning after the company said its legal-and-compliance platform, CoCounsel, has surpassed 1 million users at a time when fears about artificial intelligence have weighed heavily on software stocks. Shares trading in Toronto were 11% higher at 122.50 Canadian dollars. The information-and-technology company said it has reached the 1-million mark for professionals spanning over 100 countries that are subscribed to the CoCounsel platform. CoCounsel is Thomson Reuters's professional-grade AI assistant for legal, tax, audit and compliance work, which handles regulated professional tasks with verified, citation-backed outputs. Earlier in February, Anthropic, the maker of Claude AI, revealed a new legal-automation tool that sent fears that it could potentially encroach on Thomson Reuters's core contract-review and workflow-software business. Soon after, Chief Executive Steve Hasker in a call tried to sooth investors by saying he sees no evidence that AI is undermining its business. The stock has lost about 20% since then. On Tuesday, Hasker doubled down on the importance of the company's proprietary content, data and expertise as fundamental to professionals, downplaying fears that AI could supplant its current offerings. "[CoCounsel] is grounded in decades of authoritative content, validated by domain experts, and backed by a clear commitment that customer data remains theirs," he said Tuesday. The company also said CoCounsel Legal is entering beta soon. The update is designed around conversational task execution, and the software will use Thomson Reuters's proprietary services of Westlaw and Practical Law to deliver structured work product within a single system, the company said. Write to Adriano Marchese at [email protected]