As legal AI companies scale and raise capital, a familiar metric is coming under new scrutiny: annual recurring revenue. A recent discussion, sparked by Spellbook CEO Scott Stevenson and explored in depth by Richard Tromans of Artificial Lawyer, is raising questions about what “recurring” actually means in the context of modern legal AI businesses. At […]
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Spellbook Wins Rocketship Award at Built in Canada Awards
Toronto-based legal AI company Spellbook is scaling fast—and now has the national recognition to match. At the inaugural Built in Canada Awards, held last night at the Toronto-Dominion Centre, Spellbook’s Scott Stevenson took home the Rocketship Award, recognizing the fastest-growing Canadian company scaling at an extraordinary pace. The honour places the legaltech startup alongside a […]
Spellbook Raises USD $40M Debt to Fund Legal AI Acquisitions
Toronto-based Spellbook, an AI copilot for contract drafting used by nearly 4,000 law firms and legal teams globally, has secured USD $40 million in debt financing from RBCx. The financing follows Spellbook’s USD $50 million Series B round earlier this year, which valued the company at $350 million post-money. The new capital is intended to […]
Canadian Bar Association Partners with Spellbook on Contract AI
In a significant endorsement of legal AI in Canada, Toronto-based Spellbook has signed a two-year agreement with the Canadian Bar Association (CBA), becoming the organization’s exclusive AI partner for contract drafting and review under its Advantage program. The partnership gives the CBA’s roughly 40,000 lawyers, judges, notaries, and law students preferred access to Spellbook’s Microsoft […]
Inovia TechTalk Spotlights Spellbook and the Future of Legal AI
Toronto’s legal innovation community will gather next week for the Inovia TechTalk — Spellbook Edition, taking place Wednesday, March 4th from 5:00 to 7:00 pm ET. Hosted by Inovia Capital, an investor in Spellbook, the session will bring together founders, legal professionals, and technology leaders for a focused discussion on how generative AI is reshaping […]