Spellbook

Spellbook is an AI-powered legal tech platform that streamlines contract drafting and review processes for lawyers and legal professionals. The software integrates with Microsoft Word, providing comprehensive contract language reviews and suggestions directly within the document editing environment.

Key features:
- Generative AI Copilot: Assists corporate and commercial lawyers with drafting and reviewing contracts.
- Microsoft Word Integration: Allows users to access Spellbook's suggestions directly within the document editing software.
- Precise Redlining: Automatically generates redlines for contracts based on user instructions.
- Aggressive Term Detection: Identifies and highlights potentially problematic or unusual terms in contracts.
- Missing Clauses and Definitions: Suggests important language and clauses that may be absent from contracts.
- Negotiation Suggestions: Provides insights into common points of negotiation.
- Legal Research Support: Accesses relevant information from various sources, including contracts, books, and the internet.
- Collaborative Editing: Enables seamless collaboration with colleagues on contracts.

How it works:
1. Users install Spellbook as an add-on to Microsoft Word.
2. Spellbook suggests language for contracts based on the context of the agreement.
3. Users can ask Spellbook to generate precise redlines based on their instructions.
4. Spellbook identifies aggressive terms, missing clauses, and definitions, and provides negotiation suggestions.
5. Users can collaborate with colleagues on contracts, incorporating feedback and suggestions seamlessly.

Integrations:
Microsoft Word

Use of AI:
Spellbook leverages large language models to provide comprehensive contract language reviews and suggestions. The platform is continuously refined using proprietary legal data to enhance accuracy and relevance.

AI foundation model:
Spellbook is powered by OpenAI's GPT-4 and other large language models, which provide the basis for its performance in contract analysis and generation.

Target users:
- Transactional lawyers
- Corporate lawyers
- In-house legal teams

How to access:
Spellbook offers a free trial, and pricing information is available upon request. The platform can be installed as an add-on to Microsoft Word.

Funding:
Spellbook has secured $32.5 million in funding through eight rounds, with notable investors including Inovia Capital, Moxxie Ventures, and Thomson Reuters Ventures.