Spellbook

The new round, led by Keith Rabois at Khosla Ventures, values the company at $350M as it scales to capture more of the $1T transactional legal services market

TORONTO – October 9 , 2025 – Spellbook, often described as “Cursor for contracts,” today announced a $50 million USD Series B funding round led by Keith Rabois, Managing Director…

AI and automation threaten to erode junior-level work, such as first-draft contract preparation and document review, which has traditionally been critical to training new lawyers. Without intervention, this shift risks leaving junior lawyers without the practical exposure needed to develop essential skills.

Kennedys, a global litigation and dispute…

Toronto, August 7, 2025 — Spellbook, the leading AI copilot for contracts, is now one of the first companies globally to integrate OpenAI’s newest frontier model, GPT-5, into its suite. The rollout is already underway, bringing dramatic improvements to contract revision and issue spotting workflows.

“Working with Spellbook on…

For years, lawyers have voiced a consistent complaint about AI drafting tools: “It doesn’t understand my style.” While AI has made strides in speed and efficiency, it has largely failed to mirror the nuanced preferences, structure and tone of individual legal practitioners.

Now, Spellbook—a leading player in…

Since launching Spellbook three years ago, and scaling to over 3,400 law firms and in-house legal teams as customers, we’ve heard one big piece of recurring feedback: “I want AI to sound more like me. I want it to understand my style and preferences.”

Fine tuning was an

A new benchmarking study reveals that artificial intelligence adoption in corporate legal departments is gaining momentum, with 38% of surveyed teams already using AI tools and another 50% actively exploring implementation. However, significant barriers around trust, data privacy, and measurement persist as the legal profession navigates this technological shift.

The inaugural AI in Legal…

Spellbook, the company that introduced the first generative AI copilot for contract drafting and review in 2022, and that last August launched a sophisticated AI agent for law capable of planning and executing complex, multi-step workflows, today rolled out Playbooks, a contract-review feature designed for in-house teams working in corporate legal departments. 

“We…

In what it says is the first AI agent for law, the legal technology company Spellbook just released Spellbook Associate, an application that can plan and execute complex, multi-step workflows in transactional matters, much as an associate…

Spellbook, the company that introduced the first generative AI copilot for contract drafting and review in 2022, today launched what it says is the first AI agent for law, capable of planning and executing complex, multi-step workflows.

Called Spellbook Associate, the agent can plan, execute and check its work, and adapt to accomplish…

LexIQ, an early-stage startup focused on using artificial intelligence to draft and review contracts in Microsoft Word, is today launching its waitlist for corporate legal departments and law firms interested in joining is beta program.

Founded by Samarth Gupta, a computer engineer and data scientist who most recently worked at EY as a…

This week brought notable funding rounds for two legal technology companies, Proof and Spellbook, and a much-smaller seed round for a newer legal tech startup.

Proof Raises $30M Series B

Proof Technology, whose platform facilitates on-demand service of process and electronic filing, has closed a $30.4 million Series B funding round. The round was led…

Spellbook, a company formerly known as Rally Legal, and whose product uses GPT-4 and other generative AI models to speed contract drafting and review directly within Microsoft Word, has raised $10.9 million to drive hiring, development and expansion.

The funding was led by Moxxie Ventures, with participation from Thomson Reuters Ventures, Inovia…