Spellbook

Spellbook, the creators of AI tools for lawyers, announced the launch of Spellbook Associate, the first AI agent designed specifically for legal work. This groundbreaking tool allows AI to perform tasks traditionally handled by junior associates, enhancing efficiency within legal teams.

Unlike chat-based AI, Spellbook Associate can plan, execute, and adapt to complete complex assignments like drafting financing documents or reviewing large sets of legal files. The tool empowers small and medium-sized law firms to compete with larger firms by reducing time spent on routine tasks, enabling lawyers to focus on higher-value activities. Early access is now available.

Want to know more? Check out the source code here.

Spellbook, an AI tool for attorneys, has announced a $20 million Series A funding led by Inovia Capital. The investment round, joined by Thomson Reuters Ventures and The Legaltech Fund, elevates Spellbook’s total funding beyond $30 million.

CEO Scott Stevenson highlights the platform’s unprecedented growth since its 2022 debut as the first AI contract drafting tool. Spellbook has seen a 300% surge in its customer base, now aiding over 1,700 law firms. Revenue soared tenfold in 2023, while monthly contract interactions reached 86,000.

Spellbook aims to expand to 30,000 law firms globally, introducing advanced features like AI mimicking lawyer styles and enhancing contract accuracy.

Want to know more? Check out the source code on BusinessWire.

Spellbook, the AI co-pilot for lawyers, has raised $10.9 million in funding, led by Moxxie Ventures, with participation from Thomson Reuters Ventures and others. This investment will support Spellbook’s mission to expedite legal work through AI while enhancing hiring, R&D, and expansion.

Spellbook utilizes OpenAI’s GPT-4 to help lawyers draft and review contracts up to four times faster, allowing them to serve 30% more clients. The platform integrates with Microsoft Word, freeing lawyers from tedious tasks.

Co-founder Scott Stevenson said the funding is proof of their vision to empower lawyers with AI tools while reducing errors. Daniel Di Maria, co-founder and COO, highlighted the technology’s ability to improve lawyers’ efficiency and decision-making.

Want to know more? Check out the source code on BusinessWire.com.