On The Merits A Professor Says AI Can Help Solve Contract Disputes
Oct 29, 2024
David Hoffman, a contract law professor at the University of Pennsylvania, dives into the innovative use of AI in legal disputes. He explains how generative interpretation could revolutionize contract analysis, making it faster and more cost-effective. Hoffman discusses the challenges of convincing traditional lawyers to embrace AI. The conversation also touches on the potential shift in roles from judges to AI systems and what this means for law firms amidst technological advancements. A thought-provoking exploration of the future of contracts!
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Contract Interpretation Challenges
- Contract interpretation is the most time-consuming and expensive part of contract disputes.
- Current methods rely heavily on plain meaning, which can be subjective and inconsistent.
Generative Interpretation
- Large language models (LLMs) can offer a more objective approach to contract interpretation.
- They predict meaning based on vast amounts of text data, similar to how judges try to determine plain meaning.
Using LLMs Effectively
- Use LLMs to generate multiple interpretations by varying the input questions.
- This creates a spectrum of possible meanings, helping judges assess their own interpretations.