Spellbook

What is Spellbook?

Spellbook is an AI tool for drafting and reviewing legal contracts, developed by Rally Legal. It acts as a copilot for corporate and commercial lawyers, speeding up tasks like writing contracts, suggesting missing clauses, and proposing negotiation points. It uses OpenAI’s GPT-3 language model, fine-tuned for legal contracting, so it can reference real-world facts, spot aggressive language, and draft new clauses that fit directly into your document. Spellbook works only with Microsoft Word and is currently in early access, gradually opening up to more users. Rally Legal launched it on October 13, 2022.

What is Spellbook used for?

• Draft contracts faster using AI (the tool claims drafting speeds of around 3x, up to 10x).
• Review contracts and get suggestions for specific terms.
• Generate precise redlines based on your instructions.
• Draft entirely new clauses on the spot, fitted to the context of your agreement.
• Detect aggressive or unfavorable terms, with alerts for aggressive language.
• Identify clauses that might be missing from an agreement.
• Receive suggestions for negotiation points.
• Reference real-world facts directly within your contracts.
• Get in-app language suggestions tailored for contracting.
• Use the auto diligence feature to review contracts thoroughly.

Who is Spellbook for?

Spellbook is designed for corporate and commercial lawyers, including transactional lawyers handling contract work.

How to use Spellbook?

1. Get access: Visit the Spellbook website and join the waitlist for early access. Once approved, log in with your account.
2. Draft contracts: Open Microsoft Word, where Spellbook is integrated. Start a new contract or open an existing one, and use Spellbook to draft new clauses or whole sections that fit the context of your agreement.
3. Review contracts: Let Spellbook flag aggressive or unusual terms, suggest missing clauses, and offer negotiation advice. Use the in-app language suggestions for precise wording and the auto diligence feature for a thorough review.
4. Reference facts: Spellbook can pull in real-world facts from sources like the web to support your drafting.

Key takeaways

Spellbook brings AI contract drafting and review directly into Microsoft Word. Fine-tuned on GPT-3 for legal work, it helps corporate and commercial lawyers draft clauses, generate redlines, catch aggressive terms, and find missing provisions — all while remaining in the document workflow they already use. It is in early access, so interested users need to join the waitlist on the Spellbook website.