AI Contract Creator in Microsoft Word

What is spellbook.legal?

Spellbook.legal is a website designed to assist legal professionals with contract drafting and review. Utilizing OpenAI's GPT-3 technology, it offers an AI-powered service that suggests contract language based on user input. The platform aims to enhance efficiency by enabling users to expedite deal closures and concentrate on strategic contributions. While currently in early access, interested individuals can join a waitlist for access to the platform.

How does spellbook.legal work?

Spellbook.legal leverages advanced language models like OpenAI's GPT-4 to generate and propose contract language based on user input. Additionally, it has the capability to identify and provide explanations for issues, omissions, and unconventional terms within existing contracts. It functions similarly to a highly capable auto-complete feature, utilizing its knowledge of previous inputs to predict subsequent text. However, it is important to note that Spellbook.legal is not a substitute for a human legal professional, and any output it generates should always be reviewed by a qualified individual.

How accurate is spellbook.legal?

Spellbook.legal does not explicitly disclose information about its accuracy on its website. However, it asserts to deliver exceptional performance through the utilization of OpenAI's GPT-4, an extensive large language model trained on vast text datasets. The platform emphasizes its fine-tuning for legal language and contracts. It is important to note, though, that Spellbook.legal acknowledges the possibility of occasional inaccuracies in its output and recommends that legal professionals review and validate the generated content. Additionally, the tool provides a free AI access program specifically for law schools, aimed at assisting students and faculty in responsibly and effectively harnessing generative AI.

What are the benefits of using spellbook.legal?

Spellbook.legal offers several benefits to its users:

1. Enhanced Efficiency: The tool accelerates the contract drafting and review process by providing language suggestions, identifying issues, and clarifying terms. Users can potentially save time, with claims of up to four times faster completion1.
2. Improved Deal Closures: By assisting in handling mundane tasks, Spellbook.legal allows users to concentrate on strategic contributions, potentially leading to better deal outcomes1.
3. Learning Opportunities: The platform employs a large language model trained on extensive legal text, offering users exposure to a vast amount of legal knowledge and insights12.
4. Future Readiness: By utilizing generative AI technology, Spellbook.legal familiarizes users with an evolving trend in the legal industry, preparing them for the integration of such technologies in their professional endeavors34.

Overall, Spellbook.legal aims to optimize contract-related workflows, enhance deal-making processes, provide valuable learning experiences, and equip users with skills for the future legal landscape.

How can I join the free AI access program of spellbook.legal?

To participate in the free AI access program offered by Spellbook.legal, individuals must be either law school faculty or students. Interested individuals can apply for the program directly on Spellbook's website. The approval process takes into consideration merit and specific use cases. Once approved, participants gain access to the complete range of functionalities provided by the platform, which is available for a semester or possibly even longer. In addition, participants receive complimentary training, demonstrations, and curricula designed to educate them on the responsible and effective utilization of generative AI technology.