Executive summary

The team at Harris, Hardy & Johnstone adopted CoCounsel Tax and Audit from Thomson Reuters to relieve time pressure on its audit and tax teams, increase confidence in answers, and elevate client service. After due diligence and peer references, the firm adopted Thomson Reuters CoCounsel Tax & Audit and tasked auditors and managers to use it for board minutes, leases, contracts, and day‑to‑day research. Early results show meaningful time savings — summarizing lengthy documents in minutes and validating technical answers quickly — alongside higher‑quality workpapers and faster client support. Within six weeks, the team captured new business by using CoCounsel to pinpoint anomalies in a prospect's financials and translate those findings into clear, defensible insights. Going forward, the firm expects continued gains in consistency, confidence, and client satisfaction by embedding CoCounsel across audit and tax workflows. 

Key results:

• Board minute and contract reviews cut from about an hour to five minutes, enabling auditors to move faster on core procedures
• Spot-checks and research validations completed in one minute versus 15 to 30 minutes using prior methods, speeding confident client responses
• New client won by analyzing a working trial balance in minutes and surfacing mispostings that demonstrated immediate advisory value

To dig deeper, visit the original article on the Thomson Reuters blog.