Hebbia vs Spellbook (2026): which should you pick?

Pick Hebbia if

• Fits if you work in banking, private equity or credit and review big document sets
• Works for law firms pulling terms out of many contracts at once

Look elsewhere if

• Not for you if you want a published price, as only a demo request is offered
• Skip it if you are an individual or small team, since it is aimed at institutional finance and legal work
• Watch out: connectors such as FactSet or PitchBook depend on a licence you pay for separately
• Not for you if you want a free try, because none is offered

Pick Spellbook if

• Fits if you review or draft contracts in Word every day
• Makes sense if your firm has its own standard positions to turn into playbooks

Look elsewhere if

• Skip it if your contracts are not handled in Word, since the core is a Word add-in
• Not for you if you want a price before a demo, as none is published
• Watch out: autonomous contract management is early access and has to be requested
• Tight if you want a long trial: it is 7 days, and card terms are not stated

Hebbia

• No prices are published; the site only offers a demo request.
• It is built for institutional finance and legal work, not for individuals or small teams without those data sources.
• Many data connectors, such as FactSet or PitchBook, depend on the firm having its own license for that data.

Spellbook

• No prices are published; pricing depends on the number of team members on a license and is quoted after a demo.
• The core suite is a Word add-in, so it assumes contracts are handled in Microsoft Word.
• ACM is early access and has to be requested.
• Free access is offered to academic institutions through its partnership program.

Hebbia

Max

An agent that takes on deal-team tasks such as modeling, screening a target list, spreading comps and recapping earnings calls from the firm's own data.

Matrix

A grid where rows are companies or documents and columns are questions, so one analysis runs across many sources at once.

Financial and filings data

Integrations listed include FactSet, S&P Global, PitchBook, Fitch Solutions, Octus and Moody's, alongside SEC filings and earnings transcripts.

Data room and file connections

Connectors are listed for Datasite, SharePoint, OneDrive, Box, Dropbox and Snowflake.

API access

The platform page shows firms building their own tools on Hebbia's API, including white-labeled front ends.

Security controls

The vendor says customer data is never used to train models, is siloed per customer, and can be processed regionally in the US or EU or on a dedicated tenant.

Spellbook

Contract review and redlining

Review marks up contracts with tracked suggestions, from your side of the negotiation, and flags non-standard terms.

Drafting

Draft clauses, full agreements and revisions from AI prompts or from your saved precedents and libraries.

Playbooks

A team's standards are saved as checklists that are applied each time a document is reviewed.

Associate agent

Associate works through multi-document legal matters with the lawyer's oversight.

Autonomous Contract Management

ACM, in early access, pulls contracts in from email and Slack, runs a first-pass review, and stores signed contracts for renewal monitoring.

Hebbia

Pricing could not be confirmed. See hebbia.com.

Spellbook

Pricing could not be confirmed. See spellbook.com.

Hebbia

No public discounts listed.

Spellbook

• Education

  Free access for academic institutions

  Spellbook says it offers free access to academic institutions so students and educators can use its legal AI tools; interested schools inquire through the academic partnerships page.