What is Spellbook

Spellbook is the first generative AI copilot for legal professionals, using GPT and other LLMs to review and suggest language for your contracts and legal documents, right in Word. Helping you analyze contracts and documents holistically. Spellbook is trained on billions of lines of legal text, including case databases, form libraries, and statutes. Ensuring accurate and relevant language in a nuanced, legal context. Key Features Reviews: Instantly review contracts and find potential risks, errors, and negotiation points. Redlining: Suggests precise changes and comments based on your prompts. Insights: Get actionable information and suggestions automatically populated every time you open a document. Draft: Use Spellbooks legal-specific AI to draft relevant contracts, clauses, and client communication. AI Assistant: Task-based automations, helping you work through documents 10x faster. Clause Library: Automatically build you a searchable library of your most used legal language, which can be used while working in a document Chat: Use your own prompts to ask for specific tasks or outcomes. Spellbook takes care of the drudgery so you can focus on strategic work. Free trials available. Built for Law: Trained on billions of lines of legal text including statues, case databases, libraries, and the entire internet. Word Enabled: Integrated directly into Word, Spellbook runs alongside your contracts. Trusted by Lawyers: Powering over 2,000 legal teams

Pros And Cons Of Spellbook

Pros

Drafts contracts 3x faster
Integrated with Microsoft Word
Detects aggressive terms
Suggests missing clauses
Provides negotiation suggestions
Drafts new clauses instantly
Can reference world facts
Tuned for contracting
In-app language suggestion
Aggressive term alert
Auto diligence feature
Entire section drafting
Trained on vast legalese
Expected early access
Customized by Rally Legal
Immediate unusual term detection
Understands contracts and world

Cons

Only works with Microsoft Word
Limited accessibility (early access)
Reliability on GPT-3 accuracy
No support for other languages
Lack of established reputation
Potential for data security issues
Limited customer support channels
Lack of integration with other legal software
Reliance on user feedback for fine-tuning

Pricing Of Spellbook

FQA From Spellbook

What is Spellbook?

Spellbook is an AI Contract Drafting & Review tool developed by Rally Legal.

Who has developed Spellbook?

Spellbook is developed by Rally Legal.

What AI model does Spellbook use?

Spellbook uses OpenAI's GPT-3 language model.

How does Spellbook assist legal professionals?

Spellbook assists legal professionals by drafting and reviewing contracts. It can instantly draft new clauses and entire sections based on the context of the agreement, detect aggressive or unusual terms, suggest important language and clauses that may be missing, and provide common points of negotiation.

What are the key features of Spellbook?

The key features of Spellbook include its ability to instantly draft new clauses and sections based on the contract's context, detect aggressive or unusual terms, suggest missing important language and clauses, and propose common negotiation points.

Can Spellbook detect aggressive or unusual terms in a contract?

Yes, Spellbook can detect aggressive or unusual terms in a contract.

How does Spellbook work with Microsoft Word?

Spellbook has been integrated with Microsoft Word. This allows it to operate directly within the Word environment, providing its drafting and review capabilities where legal professionals are most likely to be working.

Is Spellbook currently available for everyone to use?

No, Spellbook is currently in early access. It will be gradually opening up to new users over the coming months.

How can I get early access to Spellbook?

To get early access to Spellbook, one must join the waitlist on the website.

Which sources does Spellbook reference for facts?

Spellbook references facts from sources such as Wikipedia and books.

What benefits can I expect from using Spellbook?

By using Spellbook, legal professionals can draft contracts significantly faster. The AI gets smaller details out of the way, allowing the user to focus on adding strategic value.

Does Spellbook suggest language for contracts instantly?

Yes, Spellbook suggests language for contracts instantly.

Can Spellbook propose common points of negotiation in a contract?

Yes, Spellbook can propose common points of negotiation in a contract.

In what context does Spellbook draft new clauses and sections?

Spellbook drafts new clauses and sections in the context of the specific agreement being worked on. It uses its understanding of the existing contract language and terms to generate additional content that fits seamlessly within the contract.

How does Spellbook differ from other AI contract drafting tools?

Spellbook differs from other AI contract drafting tools in its specific tuning for contracting, powered by GPT-3, and its integration with Microsoft Word.

What sources has Spellbook been trained on?

Spellbook has been trained on billions of lines of legalese, as well as other information from sources like Wikipedia, books, and the internet.

What future features can we expect from Spellbook?

In future, Spellbook will feature an 'Auto Diligence' capability which will automatically detect the most pressing issues across an entire dataroom.

How does Spellbook integrate with Microsoft Word?

Spellbook integrates with Microsoft Word, meaning it's capabilities are directly available within the environment where contracts are typically drafted and reviewed. It doesn't require users to leave Word or switch to a different application.

What is the technology behind Spellbook?

The technology behind Spellbook is OpenAI's GPT-3, a massive large language model providing high performance text generation capabilities.

Is there any customer support available for Spellbook?

The information about customer support for Spellbook is not explicitly detailed on their website.