Spellbook

Spellbook is an AI-powered contract review and drafting tool built specifically for transactional lawyers working in Microsoft Word. While the platform has processed 10 million contracts for 4,000+ law firms and raised $80M in funding (including from Thomson Reuters Ventures), it's fundamentally designed for legal professionals drafting client contracts, not businesses managing their own agreements. The $180/month price point is reasonable for lawyers billing $300+/hour, but businesses need full contract lifecycle management - not just AI-assisted drafting. Spellbook excels at legal clause generation, playbook compliance, and precedent-based drafting, but lacks the repository, renewal tracking, approval workflows, and business-focused features that companies need for day-to-day contract management. The tool requires Microsoft Word and focuses on features like citation-backed legal answers and comparison against industry benchmarks that matter to lawyers but not business teams.