Alturas Capital Partners shortens lease negotiations from weeks to days with Spellbook

Alturas Capital Partners' corporate legal team supports a growing investment portfolio without adding headcount or expanding outside counsel spend. As deal volume increases, the team faces pressure to keep transaction execution moving without slowing negotiations or outsourcing complex drafting.

The in-house legal team uses Spellbook to draft and revise transaction documents, customize lease and investment clauses, and finalize redlines during active negotiations. Spellbook Associate also supports multi-step review tasks, including identifying inconsistencies between individual leases and master agreements.

By keeping complex drafting in-house, the team shortened commercial lease negotiations from weeks to days. The firm also reduced outside counsel spend by hundreds of thousands of dollars while maintaining deal velocity.

• • In-house teams can use Word-native AI drafting to cut outside counsel spend without hiring more lawyers.
• • Keeping redlines and clause customization in-house can compress multi-week lease negotiations into days.
• • Multi-step AI review helps catch inconsistencies across related agreements during active deals.