Spellbook

Spellbook is an AI-powered tool that revolutionizes how legal professionals review and draft contracts. It is integrated with Microsoft Word and utilizes OpenAI's GPT-4 and other large language models to provide suggestions and reviews for contract terms. The platform helps identify and highlight unusual or sneaky terms and provides common points of negotiation, streamlining the contract review process. The AI-powered tool's broad knowledge base expands beyond just contracts, allowing it to reference facts about the world. Over 10,000 lawyers have already signed up to try Spellbook, making it a must-have tool for legal professionals looking to streamline contract reviews and save time.

TLDR

Spellbook is an AI-powered contract review and suggestion tool that utilizes OpenAI's GPT-4 and other large language models. It is integrated with Microsoft Word and helps streamline the contract review process by identifying unusual or sneaky terms, providing important language and clauses that may be missing, and detecting the most pressing issues across an entire data room. Over 10,000 lawyers have signed up to try Spellbook, making it a must-have tool for legal professionals looking to improve the efficiency and effectiveness of contract negotiations.

Company Overview

Spellbook is an innovative AI-powered tool that utilizes GPT-4 and other large language models to suggest and review terms for your contracts. The tool is integrated with Microsoft Word, allowing you to draft new clauses and entire sections instantly based on the agreement's context, making sure that you focus on adding strategic value to your work. The platform helps you quickly identify and bubble up sneaky or unusual terms, suggest important language and clauses that might be missing from the contract, and provides common points of negotiation. Moreover, it can automatically detect the most pressing issues across an entire data room, streamlining the contract review process. Unlike other tools, Spellbook has been specifically designed for contracting, making it the only GPT-4 powered tool that has been tuned for this purpose and integrated with Word.

The AI tool is more than just a contract review engine. It has been trained on Wikipedia, books, and the internet, allowing it to reference facts about the world, expanding its knowledge base beyond just contracts. Spellbook is powered by OpenAI's GPT-4, a massive language model, providing incredible performance. It has garnered significant attention, and over 10,000 lawyers have signed up to try Spellbook because of its broad usage, making sure that the contracts cover all elements and considerations needed. It is also instrumental in identifying the most significant issues that contract reviewers might miss, leading to contract breaches and critical litigation. Spellbook aims to take the small things out of the way and get to the essential strategic points, making it a must-have tool for legal professionals who rely on contracts in their line of work. In conclusion, Spellbook is a revolutionary AI-powered tool that promises to streamline contract reviews, saving legal professionals time and hassle, while improving the efficiency and effectiveness of contract negotiations.

Features

Contract Review and Suggestion

AI-Powered Contract Review

Spellbook's innovative contract review engine is powered by OpenAI's state-of-the-art GPT-4 language model, providing incredible performance and accuracy.

Contextual Clause and Section Suggestions

Spellbook's integration with Microsoft Word allows you to draft new clauses and entire sections instantly based on the agreement's context, making sure that you focus on adding strategic value to your work.

Identification and Highlighting of Unusual or Sneaky Terms

Spellbook helps you quickly identify and highlight sneaky or unusual terms in the contract, giving you a better understanding of the agreement and ensuring that it covers all elements and considerations.

Data Room Review

Automated Detection of Most Pressing Issues

Spellbook can automatically detect the most pressing issues across an entire data room, streamlining the contract review process and helping you focus on the most critical aspects of the agreement.

In-Depth Analysis and Suggestion of Missing Clauses and Language

Spellbook suggests important language and clauses that might be missing from the contract, providing you with common points of negotiation and making sure that the agreement is comprehensive and covers all relevant information.

Broad Knowledge Base

Training on Wikipedia, Books, and the Internet

Spellbook has been trained on Wikipedia, books, and the internet, allowing it to reference facts about the world and expand its knowledge base beyond just contracts.

Fact-Based Suggestions and Reviews

Because of its broad usage, presenting over 10,000 lawyers who already tried Spellbook, the platform is instrumental in identifying the most significant issues that contract reviewers might miss, leading to contract breaches and critical litigation. Thus, Spellbook's AI is composed of clear fact-based suggestions for better strategic decision-making.

Intuitive User Interface

Clean and Easy-to-Use Interface

Spellbook's user interface is clean and easy to navigate, making it simple to review contracts and identify key issues that require attention.

Real-Time Editing and Collaboration

Spellbook's Real-Time Editing and Collaboration capabilities make it simple to collaborate with other professionals on a document or contract, allowing multiple team members to work on the same document simultaneously, in real-time.

Customizable Settings and Preferences

Personalized Preferences and Settings

Spellbook allows users to set personalized preferences and settings, making it easier to customize the platform to match their specific needs and work style.

Customizable Review Criteria

Spellbook's customizable review criteria allows you to quickly and easily identify the most important issues in the contract, making it simple to prioritize and focus on the most important aspects of the agreement.

Pricing

Currently, Spellbook is only available for legal professionals and is in its early access stage. The team is still exploring pricing models but is likely to adopt a usage-based model, which means computing costs will grow based on the amount of usage. Users can sign up for the waitlist to try out the tool once they are onboarded. Over 10,000 lawyers have signed up to try Spellbook since 2022, and the team is gradually onboarding users that sign up for the waitlist to ensure the quality of their product for a broad range of use-cases and to ensure they have capacity to service everyone.

Spellbook is built on OpenAI's GPT-3 large language model, trained on a massive dataset of 42 terabytes of text from the Internet as a whole, contracts, books, and Wikipedia. The tool further tunes the model using proprietary legal datasets. While the tool is an excellent aid, output should always be reviewed by a lawyer to provide due diligence as it is not meant to provide advice to end-clients or to replace human judgment. It is simply a tool that helps lawyers work more efficiently.

The OpenAI and Spellbook teams are working on an ongoing basis to detect and mitigate bias in their products. Although AI will never be perfect, they believe it can ultimately be trained to be less biased than the average human. For those interested in supporting pro-bono or nonprofit work, Spellbook can be used- inquiries can be made using the contact form on their website.

Overall, Spellbook is an innovative legal AI tool that can aid legal professionals in their work. Although the pricing model isn't set in stone, they are likely to adopt a usage-based model. The tool is still in early access, and users can sign up for the waitlist to try out the tool.

FAQ

What is Spellbook?

Spellbook is an AI-powered tool that helps lawyers and legal professionals with contract review, providing suggestions and reviews for terms under consideration. Unlike other tools, it is integrated with Microsoft Word and has been designed specifically for contracting purposes, making it the only GPT-4 powered tool that can suggest and draft clauses and entire sections instantly based on the context of the agreement.

How does Spellbook work?

Spellbook uses OpenAI's GPT-4 and other large language models to reference facts about the world, expanding its knowledge base beyond just contracts. Spellbook then suggests important language and clauses that may be missing from the contract and identifies sneaky or unusual terms. Moreover, it provides common points of negotiation, streamlining the contract review process. It can also detect the most pressing issues across an entire data room, saving time and improving the efficiency and effectiveness of contract negotiations. All of these capabilities aim to remove small things out of the way and get to the essential strategic points.

Why should I use Spellbook?

If you're a legal professional, Spellbook can help you streamline contract reviews and save time. It can also help you identify the most significant issues that contract reviewers might miss, preventing contract breaches and critical litigation. Additionally, over 10,000 lawyers have signed up to try Spellbook, making it a must-have tool for legal professionals who rely on contracts.

What language models does Spellbook use?

Spellbook uses OpenAI's GPT-4, a massive language model that provides exceptional performance. Moreover, it is trained on Wikipedia, books, and the internet, allowing it to provide suggestions beyond just contracts.

Is Spellbook easy to integrate?

Yes, Spellbook is integrated with Microsoft Word, allowing you to draft new clauses and entire sections instantly based on the agreement's context without having to switch to another platform or software. The integration makes it easy to use and saves time.