Overview of Spellbook – AI-Powered Contract Drafting for Lawyers

What is Spellbook?

Spellbook is an innovative legal tech startup that leverages AI to assist lawyers in drafting contracts more efficiently. Utilizing advanced language models like GPT-4, the software seamlessly integrates with Microsoft Word, providing real-time suggestions for contract language and clauses as lawyers compose documents.

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What Makes Spellbook Unique?

Founded in 2021, Spellbook recently secured $10.9 million in seed funding. The company asserts that its AI has been trained on billions of lines of legal text, enabling it to comprehend contracting nuances and offer valuable recommendations.

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Key Features

• Auto-Drafting: Quickly generates tailored clauses and sections for contracts.
• Aggressive Term Detection: Identifies unusual or potentially risky clauses.
• Missing Language Suggestions: Proposes essential clauses that may be absent.
• Negotiation Suggestions: Provides data-driven points for negotiation.
• Auto-Diligence: Upcoming feature to scan datarooms for key issues.

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Pros & Cons Table

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Who is Using Spellbook?

Spellbook is tailored for:

• Corporate lawyers at law firms
• In-house counsel at companies
• Solo practitioners
• Paralegals and other legal professionals

Its real-time suggestions fit seamlessly into existing workflows, requiring no training, and assist legal teams of all sizes in drafting more efficiently and enhancing contract quality.

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Support Options

Spellbook offers various support channels:

• Email support
• Live chat support within the app
• Phone support
• Onboarding assistance

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Pricing

Please note that pricing information may not be up to date. For the most accurate and current pricing details, refer to the official Spellbook website.

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Integrations and API

Spellbook integrates directly with Microsoft Word and plans to expand to other legal software. Additionally, it provides API access for custom integrations.

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FAQ

• Is Spellbook secure? Yes, Spellbook employs enterprise-grade security and does not retain client data.
• What training is required? None; Spellbook operates instantly within Microsoft Word.
• What law firms use Spellbook? Early adopters include PixelLaw, Howell Legal, and numerous solo practitioners.
• What language models does Spellbook use? It utilizes GPT-4 and other OpenAI models specifically fine-tuned for legal contracts.

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Useful Links and Resources

• Official Spellbook Website
• Support Page
• Pricing Information