Fighting over the meaning of contracts is expensive and time-consuming. But a University of Pennsylvania professor sees the potential of generative artificial intelligence to give judges a tool to clarify a contract.
Bloomberg Law senior correspondent Roy Strom spoke with professor David Hoffman, an expert on contracts law who co-wrote a paper on what he calls “generative interpretation.” It’s a pretty simple concept: using large language models to determine what a contract really means.
On this episode of our podcast, On The Merits, Hoffman discusses how the untested method could save time and money. He talks about what it might take to convince lawyers and clients to let AI solve major contract disputes. And he dives into the impact that could have on the business of large law firms.
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