Spellbook

Toronto-based Spellbook, an artificial intelligence company automating legal drafting and review, has raised $50 million USD in Series B financing led by Keith Rabois of Khosla Ventures, valuing the company at $350 million. The round included Threshold Ventures, Inovia Capital, and others.

Spellbook’s software integrates directly into Microsoft Word, allowing lawyers to review, draft, and negotiate contracts using AI without changing workflows. Serving nearly 4,000 firms in 80 countries, Spellbook has analyzed over 10 million contracts for clients such as Nestlé, eBay, and Kennedys. The company plans to expand its product to cover the full scope of transactional law.

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

Toronto-based legal AI startup Spellbook has partnered with international law firm Kennedys to launch a training program aimed at preparing junior lawyers for an AI-driven profession. The initiative embeds Spellbook’s drafting and review technology into modules simulating real-world tasks, including drafting exercises, issue spotting, and structured feedback.

Senior Partner John Bruce said the goal is to create “AI-fluent lawyers” who can combine legal reasoning with technology. Kennedys, with 2,900 staff across 45 offices worldwide, is addressing the decline in junior-level work caused by automation by safeguarding skill development. Pilots begin later this year in the US and UK.

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

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.