An AI-Powered Legal Realm

Over the last decade, India’s corporate legal sector has experienced a profound digital transformation. This digital push drives the industry forward and if the projections by Mordor Intelligence are anything to go by, the Indian corporate legal market is projected to reach $3.37 billion by 2030, with a CAGR of 6.28 percent from 2025. A booming economy, increased foreign investment, and a rise in complex transactions also contribute significantly to this growth.

Sophisticated AI-powered research paradigms have opened new avenues for tailored legal approaches and customized services, offering

viable alternatives to traditional models. Legal departments are also increasingly leveraging big data and predictive analytics to better understand behaviors, improve risk assessment, and fuel business growth at large.

Despite these advancements, the sector now faces heightened compliance requirements, making the role of legal teams more critical and demanding than ever. The introduction of transformative technologies like Agentic AI is timely. Thomson Reuters, a global leader in content and technology, has recently launched CoCounsel, an Agentic AI platform designed to support tax, audit, and accounting professionals. This system, developed in collaboration with legal and industry experts, is engineered to operate according to professional standards while ensuring human oversight in guiding decisions and validating outcomes. The ongoing evolution of Agentic AI solutions promises to significantly impact the industry. This yearly special edition of CEO Insights is dedicated to recognizing the vital contributions of legal counsel in the financial sector. We welcome your feedback and thoughts.