MAUD: An Expert-Annotated Legal NLP Dataset for Merger Agreement Understanding
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Abstract (arXiv)
Reading comprehension of legal text can be a particularly challenging task due to the length and complexity of legal clauses and a shortage of expert-annotated datasets. To address this challenge, we introduce the Merger Agreement Understanding Dataset (MAUD), an expert-annotated reading comprehension dataset based on the American Bar Association's 2021 Public Target Deal Points Study, with over 39,000 examples and over 47,000 total annotations. Our fine-tuned Transformer baselines show promising results, with models performing well above random on most questions. However, on a large subset of questions, there is still room for significant improvement. As the only expert-annotated merger agreement dataset, MAUD is valuable as a benchmark for both the legal profession and the NLP community.
Key facts. Cited by 32 papers in the map (data through 7 Oct 2026). Builds on 19 of its 28 references that are in the map. First posted on arXiv 2 Jan 2023.
Builds on
19 of 28 references.
References · 19
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Citing papers per year: 2023: 3; 2024: 4; 2025: 12; 2026: 13.
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- 2023Unlocking Practical Applications in Legal Domain: Evaluation of GPT for Zero-Shot Semantic Annotation of Legal Textscited by 32
- 2023Can ChatGPT Perform Reasoning Using the IRAC Method in Analyzing Legal Scenarios Like a Lawyer?cited by 12
- 2025Towards Reliable Retrieval in RAG Systems for Large Legal Datasetscited by 12
- 2024LawInstruct: A Resource for Studying Language Model Adaptation to the Legal Domaincited by 10
- 2025Large Language Models Meet Legal Artificial Intelligence: A Surveycited by 9
- 2025LeMAJ (Legal LLM-as-a-Judge): Bridging Legal Reasoning and LLM Evaluationcited by 9
- 2026Same Scores, Different Decisions: Evaluating JEV and Language Models for Legal Document Understandingcited by 8
- 2024Lawma: The Power of Specialization for Legal Annotationcited by 7
- 2025AIReg-Bench: Benchmarking Language Models That Assess AI Regulation Compliancecited by 5
- 2025sudoLLM: On Multi-role Alignment of Language Modelscited by 4
- 2025Compliance-to-Code: Enhancing Financial Compliance Checking via Code Generationcited by 4
- 2025AQuilt: Weaving Logic and Self-Inspection into Low-Cost, High-Relevance Data Synthesis for Specialist LLMscited by 4
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- 2024Team UTSA-NLP at SemEval 2024 Task 5: Prompt Ensembling for Argument Reasoning in Civil Procedures with GPT4cited by 2
- 2025LegalBench.PT: A Benchmark for Portuguese Lawcited by 2
- 2025Computational Law: Datasets, Benchmarks, and Ontologiescited by 2
- 2025CHANCERY: Evaluating Corporate Governance Reasoning Capabilities in Language Modelscited by 2
- 2026CanLegalRAGBench: Evaluating Retrieval-Augmented Generation on Canadian Case Lawcited by 2
- 2023RISC: Generating Realistic Synthetic Bilingual Insurance Contractcited by 1
- 2024Evaluating LLM-based Approaches to Legal Citation Prediction: Domain-specific Pre-training, Fine-tuning, or RAG? A Benchmark and an Australian Law Case Studycited by 1
- 2025PAKTON: A Multi-Agent Framework for Question Answering in Long Legal Agreementscited by 1
- 2025The Medium Is Not the Message: Deconfounding Document Embeddings via Linear Concept Erasurecited by 1
- 2026Evaluation of Large Language Models in Legal Applications: Challenges, Methods, and Future Directionscited by 1
- 2026Scaling Multi-Hop Training Data via Graph-Constrained Path Selectioncited by 1
- 2026Non-vacuous Generalization Bounds for Reinforcement Learning with Verifiable Rewardscited by 1
- 2026Capital Markets LLM Reliability Score (CM-LRS): From Plausible to Bankablecited by 0
- 2026Benchmarking and Enhancing LLMs for Rule-Intensive Review of National Standard Documentscited by 0
- 2026On Measuring Semantic Preservation in Legal Ontology Learningcited by 0
- 2026ContractScrub: A benchmark for final review of legal contractscited by 0
- 2026Sycophants in the Courtroom: Are LLMs Fragile to Juridical Authority and Evolving Legal Standards?cited by 0
- 2026Credo: Reusable Declarative Primitives for Agentic Workflowscited by 0
- 2026What the Window Does Not Contain: Auditing Provenance in a Document-Grounded Instability Benchmarkcited by 0
- 2026Same Scores, Different Decisions: Evaluating JEV and Language Models for Legal Document Understanding23 Sep 2026
- 2026What the Window Does Not Contain: Auditing Provenance in a Document-Grounded Instability Benchmark5 Sep 2026
- 2026Credo: Reusable Declarative Primitives for Agentic Workflows28 Aug 2026
- 2026ContractScrub: A benchmark for final review of legal contracts20 Aug 2026
- 2026Sycophants in the Courtroom: Are LLMs Fragile to Juridical Authority and Evolving Legal Standards?10 Aug 2026
- 2026Benchmarking and Enhancing LLMs for Rule-Intensive Review of National Standard Documents6 Aug 2026
- 2026Capital Markets LLM Reliability Score (CM-LRS): From Plausible to Bankable23 Jul 2026
- 2026Non-vacuous Generalization Bounds for Reinforcement Learning with Verifiable Rewards16 Jul 2026
- 2026On Measuring Semantic Preservation in Legal Ontology Learning30 May 2026
- 2026Scaling Multi-Hop Training Data via Graph-Constrained Path Selection29 May 2026
- 2026CanLegalRAGBench: Evaluating Retrieval-Augmented Generation on Canadian Case Law28 May 2026
- 2026RCBSF: A Multi-Agent Framework for Automated Contract Revision via Stackelberg Game12 Apr 2026
20 more
- 2026Evaluation of Large Language Models in Legal Applications: Challenges, Methods, and Future Directions21 Jan 2026
- 2025LeMAJ (Legal LLM-as-a-Judge): Bridging Legal Reasoning and LLM Evaluation8 Oct 2025
- 2025Towards Reliable Retrieval in RAG Systems for Large Legal Datasets8 Oct 2025
- 2025AIReg-Bench: Benchmarking Language Models That Assess AI Regulation Compliance1 Oct 2025
- 2025Large Language Models Meet Legal Artificial Intelligence: A Survey12 Sep 2025
- 2025AQuilt: Weaving Logic and Self-Inspection into Low-Cost, High-Relevance Data Synthesis for Specialist LLMs24 Jul 2025
- 2025The Medium Is Not the Message: Deconfounding Document Embeddings via Linear Concept Erasure1 Jul 2025
- 2025CHANCERY: Evaluating Corporate Governance Reasoning Capabilities in Language Models5 Jun 2025
- 2025PAKTON: A Multi-Agent Framework for Question Answering in Long Legal Agreements31 May 2025
- 2025Compliance-to-Code: Enhancing Financial Compliance Checking via Code Generation26 May 2025
- 2025sudoLLM: On Multi-role Alignment of Language Models20 May 2025
- 2025Computational Law: Datasets, Benchmarks, and Ontologies6 Mar 2025
- 2025LegalBench.PT: A Benchmark for Portuguese Law22 Feb 2025
- 2024Evaluating LLM-based Approaches to Legal Citation Prediction: Domain-specific Pre-training, Fine-tuning, or RAG? A Benchmark and an Australian Law Case Study9 Dec 2024
- 2024Lawma: The Power of Specialization for Legal Annotation23 Jul 2024
- 2024LawInstruct: A Resource for Studying Language Model Adaptation to the Legal Domain2 Apr 2024
- 2024Team UTSA-NLP at SemEval 2024 Task 5: Prompt Ensembling for Argument Reasoning in Civil Procedures with GPT42 Apr 2024
- 2023Can ChatGPT Perform Reasoning Using the IRAC Method in Analyzing Legal Scenarios Like a Lawyer?23 Oct 2023
- 2023Unlocking Practical Applications in Legal Domain: Evaluation of GPT for Zero-Shot Semantic Annotation of Legal Texts8 May 2023
- 2023RISC: Generating Realistic Synthetic Bilingual Insurance Contract9 Apr 2023
- 2023Can ChatGPT Perform Reasoning Using the IRAC Method in Analyzing Legal Scenarios Like a Lawyer?cited by 12
- 2025LeMAJ (Legal LLM-as-a-Judge): Bridging Legal Reasoning and LLM Evaluationcited by 9
- 2025CHANCERY: Evaluating Corporate Governance Reasoning Capabilities in Language Modelscited by 2
- 2026Scaling Multi-Hop Training Data via Graph-Constrained Path Selectioncited by 1
- 2026Non-vacuous Generalization Bounds for Reinforcement Learning with Verifiable Rewardscited by 1
- 2026Non-vacuous Generalization Bounds for Reinforcement Learning with Verifiable Rewards16 Jul 2026
- 2026Scaling Multi-Hop Training Data via Graph-Constrained Path Selection29 May 2026
- 2025LeMAJ (Legal LLM-as-a-Judge): Bridging Legal Reasoning and LLM Evaluation8 Oct 2025
- 2025CHANCERY: Evaluating Corporate Governance Reasoning Capabilities in Language Models5 Jun 2025
- 2023Can ChatGPT Perform Reasoning Using the IRAC Method in Analyzing Legal Scenarios Like a Lawyer?23 Oct 2023
- 2025sudoLLM: On Multi-role Alignment of Language Modelscited by 4
- 2025sudoLLM: On Multi-role Alignment of Language Models20 May 2025
- 2023Unlocking Practical Applications in Legal Domain: Evaluation of GPT for Zero-Shot Semantic Annotation of Legal Textscited by 32
- 2024LawInstruct: A Resource for Studying Language Model Adaptation to the Legal Domaincited by 10
- 2025Large Language Models Meet Legal Artificial Intelligence: A Surveycited by 9
- 2026Same Scores, Different Decisions: Evaluating JEV and Language Models for Legal Document Understandingcited by 8
- 2024Lawma: The Power of Specialization for Legal Annotationcited by 7
- 2025AIReg-Bench: Benchmarking Language Models That Assess AI Regulation Compliancecited by 5
- 2025Compliance-to-Code: Enhancing Financial Compliance Checking via Code Generationcited by 4
- 2024Team UTSA-NLP at SemEval 2024 Task 5: Prompt Ensembling for Argument Reasoning in Civil Procedures with GPT4cited by 2
- 2025LegalBench.PT: A Benchmark for Portuguese Lawcited by 2
- 2025Computational Law: Datasets, Benchmarks, and Ontologiescited by 2
- 2023RISC: Generating Realistic Synthetic Bilingual Insurance Contractcited by 1
- 2024Evaluating LLM-based Approaches to Legal Citation Prediction: Domain-specific Pre-training, Fine-tuning, or RAG? A Benchmark and an Australian Law Case Studycited by 1
12 most cited of 21 All 21 (JSON)
- 2026Same Scores, Different Decisions: Evaluating JEV and Language Models for Legal Document Understanding23 Sep 2026
- 2026What the Window Does Not Contain: Auditing Provenance in a Document-Grounded Instability Benchmark5 Sep 2026
- 2026ContractScrub: A benchmark for final review of legal contracts20 Aug 2026
- 2026Sycophants in the Courtroom: Are LLMs Fragile to Juridical Authority and Evolving Legal Standards?10 Aug 2026
- 2026Benchmarking and Enhancing LLMs for Rule-Intensive Review of National Standard Documents6 Aug 2026
- 2026Capital Markets LLM Reliability Score (CM-LRS): From Plausible to Bankable23 Jul 2026
- 2026On Measuring Semantic Preservation in Legal Ontology Learning30 May 2026
- 2026Evaluation of Large Language Models in Legal Applications: Challenges, Methods, and Future Directions21 Jan 2026
- 2025AIReg-Bench: Benchmarking Language Models That Assess AI Regulation Compliance1 Oct 2025
- 2025Large Language Models Meet Legal Artificial Intelligence: A Survey12 Sep 2025
- 2025The Medium Is Not the Message: Deconfounding Document Embeddings via Linear Concept Erasure1 Jul 2025
- 2025PAKTON: A Multi-Agent Framework for Question Answering in Long Legal Agreements31 May 2025
12 newest of 21 All 21 (JSON)