Thomson Reuters (TRI) was up 11% after stating 1M professionals are using its CoCounsel tool, further evidence that the near-term risk of AI to the economics of TRI’s legal business could be overstated.

Should that prove true, the reason lies in the context given to the models - with 85% of all primary law content enhanced by the company’s 1,500 attorney editors…

… which creates a high value, proprietary advantage versus less specialized competitors. If the market buys that narrative, there’s a lot of room for multiple expansion…

… with shares priced at half of the long-term average valuation.

About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.

You might be interested in…