Spellbook Launches 'Spellbook Associate,' a Legal AI Agent for Transactions

The generative AI-powered agent is geared toward transactional work, and is offered free of cost to existing Spellbook users, as of now.

August 22, 2024 at 09:01 AM

4 minute read

Artificial Intelligence

Isha Marathe
Legal Tech Reporter

Spellbook, a generative AI-powered contract drafting and negotiation platform provider, announced the release of its legal AI agent on Wednesday.

The AI agent, called "Spellbook Associate," will be available free of charge to all Spellbook subscribers as of now, Scott Stevenson, CEO and co-founder of the company, told Legaltech News. However, that may change as Spellbook evaluates "usage patterns" and the incurring costs to the company, he noted.

The AI Agent is the latest expansion for Spellbook, which kicked off the year with a $20 million funding round. Additionally, last August, the company released its AI-powered contract analysis tool Spellbook Reviews, with plans to integrate more generative AI tech into its platform.

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