Spellbook

Spellbook: Legal AI for Contract Review and Drafting

What is Spellbook?

Spellbook is a legal AI platform designed to streamline the contract drafting and review process for transactional lawyers. It leverages advanced AI models like GPT-4o to provide real-time suggestions and insights directly within Microsoft Word, enabling lawyers to work more efficiently and accurately.

How does Spellbook work?

Spellbook integrates seamlessly with Microsoft Word, allowing users to access its features without switching between applications. It uses AI to:

• Review contracts: Identify potential risks and suggest redlines.
• Draft contracts: Create clauses and documents from scratch or using existing templates.
• Answer legal questions: Provide quick and accurate answers to complex contract-related questions.
• Benchmark contracts: Compare contracts against industry standards to identify potential issues.
• Automate workflows: Facilitate multi-step document workflows.

Why is Spellbook important?

In the past, reviewing and drafting contracts was a time-consuming and tedious process. Spellbook automates many of these tasks, saving lawyers valuable time and reducing the risk of errors. According to Todd Strang, a Partner at KMSC Law LLP, "Spellbook probably helps me bill an extra hour a day. Maybe more."

Key Features and Benefits:

• AI-powered Contract Review: Spellbook identifies risks and suggests redlines directly within Word, making it easier to catch potential issues.
• Efficient Contract Drafting: The platform allows users to draft clauses and documents from scratch or use preferred precedents, significantly speeding up the drafting process.
• AI Legal Assistant: Spellbook can answer complex contract questions, providing accurate and reliable information when needed.
• Market Benchmarking: Spellbook compares contracts to over 2,000 common standards, helping users identify potential issues and ensure compliance.
• Multi-Document Workflows: The Associate feature enables users to automate multi-step document workflows, streamlining complex transactions.

How to use Spellbook:

1. Install the Spellbook add-in for Microsoft Word.
2. Open a contract document in Word.
3. Use Spellbook's features to review, draft, and analyze the contract.
4. Leverage the AI assistant for quick answers to legal questions.
5. Compare the contract to industry benchmarks to identify potential issues.

Where can I use Spellbook?

Spellbook is designed for law firms and in-house legal teams, especially those involved in transactional law. It is used by legal professionals in over 50 countries and complies with GDPR, CCPA, PIPEDA, and other privacy regulations.

Customer Testimonials:

• Diego Alvarez-Miranda, Estate Planning Lawyer at CunninghamLegal: "I love Spellbook. I use it every day. It saves me at least one hour, sometimes two hours, a day."
• Alturas Capital Partners: Using Spellbook, they win more deals.
• Elevare Law: Confidently crafts contracts that strengthen clients’ positions.
• Cyber GC: Spellbook is like a junior lawyer on Annie’s team, saving up to 30% of her time.

Pricing and Plans:

Spellbook offers a 7-day free trial. Contact Spellbook for pricing details and custom plans.

Security and Compliance:

Spellbook prioritizes data privacy and security. It complies with GDPR, CCPA, PIPEDA, and other privacy regulations. It also offers Zero Data Retention agreements, preventing data from being used for training. The company is SOC 2 Type II Compliant.

Conclusion:

Spellbook is a valuable tool for transactional lawyers looking to improve their efficiency and accuracy. By leveraging AI, Spellbook automates many of the time-consuming tasks associated with contract review and drafting, allowing lawyers to focus on more strategic work. With its integration with Microsoft Word, comprehensive features, and focus on security and compliance, Spellbook is a leading solution in the legal AI space. It can help you draft and review contracts 10x faster.

What is GPT-4o?

GPT-4o is one of the large language models (LLMs) powering Spellbook, providing incredible performance in contract analysis and drafting.