Case Study: NEAR Foundation speeds contract reviews by 30% with Spellbook

Go from drafts to deals 30% faster

NEAR Foundation, a Switzerland-based nonprofit that builds decentralized blockchain networks, sought to improve the efficiency of its legal counsel, Abhishek Vaidyanathan, in handling high-stakes, complex contracts. The challenge was to accelerate the drafting and negotiation process for intricate partnership agreements without sacrificing thoroughness or accuracy.

The solution was implementing Spellbook, an AI-assisted contract review and drafting tool. Using Spellbook's features to draft, review, and ask questions about contracts, the senior legal counsel achieved a 30% or higher lift in efficiency. This included saving over an hour on a single 70-page agreement, enabling faster issue-spotting, and gaining critical context on unfamiliar legal terms. The NEAR Foundation was so impressed with the results from Spellbook that they plan to expand its usage to more team members.

NEAR Foundation

Abhishek Vaidyanathan

Senior Legal Counsel