The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City, New York, U.S. November 16, 2021. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Thomson Reuters Corp (TRI.TO) on Wednesday reported higher-than-expected third-quarter profit as its biggest divisions serving legal, tax and accounting professionals performed well amid economic uncertainty. Organic revenues in the Legal Professionals segment increased 6%, while total revenue fell 2%, reflecting sales of some divisions. Thomson Reuters has earmarked $10 billion for acquisitions and about $100 million per year in investments in AI capabilities. In August, the company closed its $650 million cash acquisition of Casetext, a California-based AI company that helps legal professionals conduct research, analysis and prepare documents using generative AI.

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Persons: Carlo Allegri, Thomson, Steve Hasker, ” Hasker, Hasker, Helen Coster, Nick Zieminski Organizations: Thomson Reuters, REUTERS, Thomson Reuters Corp, ”, Microsoft, Elite, TPG, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, California