Commercial lawyers constantly find themselves asking: "What's market?"

Today, we're excited to unveil a way to answer that question: Benchmarks. Benchmarks is an ‘at-a-glance’ tool that helps you quickly spot where contracts may be off base from market standards, or your own custom standards.

We're excited for an era of data-driven negotiation.

How it Works

🔎 Check Contracts Against Standards

Spellbook automatically checks your document’s term coverage against a standard for your contract type. Think of it like a top-to-bottom health check that helps you spot and close gaps in your contracts.

📚 Explore Spellbook’s Standards Library

Choose from a comprehensive library of standards for common contract scenarios or let Spellbook suggest one for you. Our powerful matching algorithm is trained on a proprietary set of contracts and precedents – automatically matching your contract with the most relevant standards.

📝 Create and Customize Standards

Edit existing standards, or create your own by uploading a gold standard template or playbook. Spellbook will auto-generate a custom standard for you with topics and rules you can edit - and you can even add your own rules for added customization.

🤝 Designed for Teams

All standards in Spellbook are shared with your teammates – even if edits are made to their topics and rules. You can easily view and select standards recently used by your team to make reviews consistent across your firm.

To start using Benchmarks, visit the Benchmarks tab in Spellbook. Please note that Benchmarks is still in beta. We'd love to hear your feedback to help make it even better.

You can also learn more about how Benchmarks works by visiting our Help Center or contacting our support team at support@spellbook.legal.