Spellbook, the AI copilot for lawyers, announced today its integration of content from Thomson Reuters Practical Law, letting customers leverage the capabilities of both platforms to streamline contract and clause drafting in one place.
Users of the integration will be able to pair access to thousands of Thomson Reuters Practical Law’s attorney-editor created standard documents and clauses with Spellbook’s AI drafting capability, allowing them to rapidly implement tailored content based on specific needs.
“AI continues to revolutionize how lawyers everywhere can leverage the latest technology to focus on meaningful, important work," said Joe Dormani, partner at Thomson Reuters Ventures. "By integrating Practical Law content into Spellbook, we are continuing to push the advancement of the profession."
By pairing Practical Law–the most trusted legal know-how provider–with the AI copilot that more than 2,500 legal teams have already used to draft and review contracts, small and medium-sized law firms will be able to complete daily legal tasks more quickly, increasing profitability and enabling them to spend more time on high-leverage work like strategy and negotiation.
“We’re proud to be working with Thomson Reuters Practical Law to supercharge how our customers draft legal content,” said Spellbook co-founder and CEO Scott Stevenson. “Since Thomson Reuters Ventures invested in us in 2023, we’ve been bullish about the potential of combining our AI drafting tool with the most trusted commercial legal collection of drafting resources in the world.”
Leveraging Thomson Reuters Practical Law supports Spellbook's mission to reignite lawyers’ passion for practicing law by alleviating the drudgery from contract drafting and reviews. With the confidence of Practical Law standard documents and clauses and the power of Spellbook's AI, lawyers will be able to draft with unprecedented speed and accuracy. Customers of Spellbook and Thomson Reuters can take advantage of the Practical Law content integration with immediate effect.
About Spellbook
Spellbook launched the first GenAI tool for lawyers and continues to be the leading provider of legal AI for transactional law. It's helped more than 2,500 legal teams improve their contract workflows and eliminate legal drudgery. Powered by large language models like OpenAI’s GPT-4, Spellbook is optimized to use legal-specific approaches for superior contracting performance. Spellbook is backed by investors including Thomson Reuters Ventures, Inovia Capital, The Legaltech Fund, Bling Capital, and Moxxie Ventures. For more information about Spellbook go to https://www.spellbook.legal/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029401797/en/
