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Here are my rank 11 spell ideas:

Avalanche: 11 pips; 1250 to all enemies & stun & steal all heal-over-times
Equinox: 11 pips; 995 to all enemies & destroy all auras dealing an additional 385 to each player
Thanatos: 11 pips; 1195 over 3 rds. to all enemies & -45% outgoing + -75% on all enemies
Inferno: 11 pips; 950 + 850 over 3 rds. to all enemies & +15% to next 3 spells on all
The Eye of Truth: 11 pips; 1550 to a single target & destroy each ward dealing damage that it would subtract on all
Jubacabra/ Wendigo: 11 pips; 1350 + 850 over 3 rds. to all enemies
Globe Lightning: 11 pips; 1650 to a single target & destroy each blade dealing damage that it would add on all

There shouldn't ever be spells needing 11 pips. 7 regular and a shadow would be the next logical level.