In this episode of Fringe Legal, host Abhijat Saraswat interviews Nnamdi Emelifeonwu and Feargus MacDaeid, co-founders of legal tech startup Definely.
Key Takeaways:
- Definely creates software plugins to simplify drafting, reviewing, and analyzing legal contracts in Microsoft Word using AI/ML.
- The idea originated from Feargus' need as a blind lawyer to access information in documents more easily.
- They validated demand with a scrappy prototype and early pilots despite its flaws.
- After leaving law firm jobs, their mission-driven approach focuses on access, efficiency, and transparency.
- Their blueprint for innovation includes launching an MVP, inclusive design thinking, gathering user feedback, and carefully leveraging AI.
- Maintaining ethics and reputation is central, not rushing new technology to market.
- When solving problems for underserved groups, solutions often benefit everyone.
- A framework for evaluating AI: accuracy and understanding real-world impacts.
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