Toronto-based legal AI company Spellbook has added former Shopify and Atlassian chief technology officer Jean-Michel Lemieux to its team as it looks to scale its contract automation platform for the AI era. Lemieux has joined Spellbook in the newly created role of Executive Individual Contributor, a position the company says is designed for AI-native companies […]
Spellbook
What Counts as ARR in Legal AI?
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 […]
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 […]