Vendor-reported figures — source: legal.thomsonreuters.com
OMNIUX is a fast-growing startup focused on helping small and medium businesses identify growth gaps and scale rapidly. Without an in-house legal team, CFO Gregory Kantor shouldered all contract review, drafting, and compliance work personally. Each contract consumed two to two-and-a-half hours of his time — a recurring drag on executive bandwidth in a company that competes on speed. When the volume of agreements grew alongside the business, the alternative was outsourcing to outside counsel, which added significant per-engagement costs. The status quo forced a trade-off between legal risk and strategic focus, a common but costly dilemma for resource-constrained startups.
OMNIUX adopted CoCounsel, Thomson Reuters' AI legal assistant powered by large language models and generative AI, to take over routine contract work. The tool enabled Kantor to review incoming agreements, draft new ones, flag risk clauses, propose stronger language, and get answers to legal questions — all without submitting work to outside counsel. CoCounsel grounds its outputs in Practical Law's authoritative content library, which gave Kantor confidence in AI-generated language for retainer agreements, NDAs, and operating agreements. The deployment replaced ad-hoc outside counsel engagements for high-volume, lower-stakes work, with complex matters still escalated to attorneys when warranted. No additional legal headcount was required.
Contract review time dropped from roughly two hours to approximately five minutes per document — a substantial reduction. OMNIUX estimates $15,000–$20,000 in monthly legal fee savings since adoption, reflecting the cost previously spent on outside counsel. Kantor reports an 85–90% productivity gain across legal workflows.
Beyond the numbers, the shift freed Kantor to redirect executive time toward business development rather than legal administration, changing the role of legal work from a bottleneck to a background function.
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