The Globe and Mail reports in its Wednesday edition that rapidly growing legal artificial-intelligence software start-up Spellbook has secured $40-million (U.S.) in debt financing from Royal Bank of Canada to buy smaller competitors that rushed into the hot generative AI market but are now struggling. The Globe's Sean Silcoff writes that the St. John's-based company, officially named Dialog Enterprises Inc., launched one of the first generative AI tools for lawyers in 2022. Its AI copilot, powered by large language models (LLMs) including OpenAI's GPT-5, is used by lawyers and corporations to automatically draft, edit and review legal contracts within Microsoft Word. Spellbook tripled its revenue in 2025 and is on track to reach $100-million (U.S.) in annual recurring revenues by year-end, said chief executive officer and co-founder Scott Stevenson. The company has more than 4,000 customers across 80 countries, including Nestle SA, Dropbox, eBay, Atkinsréalis and Franklin Templeton. On Tuesday, Spellbook said it had signed a two-year partnership with the Canadian Bar Association to exclusively provide AI-powered contract drafting and review tools to its network of 40,000 lawyers, judges, notaries and law students.