What is Spellbook AI & How it Works
What is Spellbook AI?
Spellbook AI is a revolutionary artificial intelligence (AI) tool developed with cutting-edge GPT-3 and GPT-4 technology to assist attorneys in drafting legal contracts with expedited efficiency, potentially three times faster. This intelligent tool operates seamlessly within Microsoft Word, employing billions of lines of legal text to construct contracts efficiently and accurately.
The platform draws its vast base of knowledge from a myriad of online resources, including Wikipedia, books, and various online websites. Rather than just interpreting contracts, Spellbook AI suggests appropriate language for drafting contracts, making it a powerful tool for lawyers around the globe.
This AI-powered writing assistant seeks to streamline the contract-writing process, freeing up valuable time for legal professionals to engage in more strategic operations. Though still under development, early access can be secured by joining a waiting list.
| Official Website | https://www.spellbook.legal/ |
| Company Name | Spellbook |
| Category | AI-powered Legal Text generation tools |
| Launch Date | 2018 |
How does Spellbook AI work?
Spellbook AI operates by harnessing the profound AI capabilities of OpenAI’s GPT-3 and GPT-4 models. It uses these advanced language models to process and generate natural language. The tool, integrated directly into Microsoft Word, has been trained with vast datasets from a multitude of legal documents sourced from various online portals.
The platform is designed to not only draft contracts, but also suggest important clauses that should be included in the contract. It even flags irrelevant terms and suggests negotiation points to secure better client agreements. The AI tool drafts complete sections of the contract by detecting the context, essentially providing a comprehensive drafting system at the user’s fingertips.
Spellbook AI Features
Spellbook AI comes packed with some impressive features. The tool:
- Employs Open AI’s GPT-3, GPT-4, and other language models for natural language processing
- Integrates directly into MS Word
- Trains using a large dataset of legal contracts curated from various online sources
- Suggests pertinent clauses and information to be included in the contract
- Flags irrelevant terms in the contract
- Suggests negotiation points for better client deals
- Automatically drafts clauses or entire sections using the context of the contract
Spellbook AI Pricing
At this time, Spellbook AI is not publicly available, but early access to it can be acquired by joining their waiting list, free of charge. The platform’s developers are currently exploring various pricing models, with prices set to be determined based on usage. Official pricing details will be released upon public launch.
How to Use Spellbook AI
Though currently under development, early access for Spellbook AI can be secured by joining a waiting list. So far, the platform has granted access to 34,000 lawyers, and continues to accept more. Submit an application and await approval to gain access.
Conclusion
By leveraging the potent capabilities of GPT language models, Spellbook AI can revolutionize the legal profession, saving lawyers precious time and resources by drafting contracts faster. It offers an innovative tool for all legal professionals desiring to reduce the hours spent drafting contracts and focus on other essential aspects of their business.
