Microsoft 365 Copilot AI Assistant is poised to make its debut on November 1st, offering a wealth of benefits for legal professionals using Microsoft 365. This AI-driven assistant is a valuable addition to certain business and enterprise plans, promising enhanced productivity and efficiency. However, it’s crucial to understand the pricing structure and what it means for legal practitioners.
Here’s everything you need to know:
Pricing Structure
Microsoft introduced a pricing structure that places Microsoft 365 Copilot as an add-on to your existing subscription. For access to this feature, there is a cost of $30 (approximately £23) per user per month. It’s worth noting that this additional expense almost doubles the total subscription price for businesses on lower-end plans.
The Modern-Day Assistant
Microsoft 365 Copilot serves as a contemporary counterpart to the iconic ‘Clippy’, the animated paperclip. Copilot offers capabilities designed to streamline various tasks. For legal professionals they can use the tool to efficiently summarise legal documents or delegate email composition to their AI helper. Furthermore, Copilot can create entirely new Word projects using data from existing files and provide real-time highlights from Teams meetings. If you’re working with data visualization or projections in Excel, Copilot can even explain its processes, ensuring transparency and facilitating data-related tasks.
Competition in the AI Arena
The debut of Microsoft 365 Copilot coincides with Google’s release of its AI tools, known as Duet AI, within Google Workspace. Notably, both Microsoft and Google are charging the same fee for access – $30 per person per month. This price point underscores the significance of these AI-driven tools and their potential impact across various industries, including the legal sector.
Expanding the Reach
Microsoft’s commitment to AI assistance extends beyond Microsoft 365 Copilot. The company has announced plans to launch a version of Copilot features across all its applications and services. This means that even if you don’t have Microsoft 365, you can still expect to see AI-driven features emerging in other Microsoft tools.
The introduction of Microsoft 365 Copilot is a significant development for the legal industry. While it comes at an additional cost, the productivity and efficiency gains it offers are poised to transform how legal professionals work. As the AI landscape continues to evolve, the legal sector is poised to benefit from these cutting-edge AI tools and features.
To understand Microsoft Copilot’s features and how it can benefit the legal industry, read our previous blog.