AI, Law, and the Future of Professional Practice – Insights from Jarrod Munro

Simon Cathro

In this episode of “The Cut”, the conversation dives into how AI is being used inside law firms, what it’s getting wrong, and the new rules emerging around its use in legal proceedings. Featuring “Jarrod Munro”, Partner at “Cornwalls Lawyers”, this discussion unpacks real examples—from court restrictions to hallucinated legal cases—to reveal the promise and peril of AI in professional industries.

Jarrod explores how AI’s efficiency can help lawyers and accountants focus on higher-value work while warning of the ethical, accuracy, and confidentiality pitfalls that still plague the technology. Listeners will walk away with a sharper understanding of how to integrate AI responsibly, spot its blind spots, and future-proof their professional practice.

Key Points

AI’s speed doesn’t mean accuracy—hallucinations and bias remain huge risks if you don’t verify results.
Confidentiality and compliance are still human responsibilities, even when AI handles the grunt work.
The firms that learn how to train, audit, and ethically deploy AI will outpace those who ignore it.

Timestamps

[00:00] Why trusting AI output is a dangerous assumption
[02:27] What AI really is (and why it’s not that new)
[04:23] How AI impacts the legal and accounting industries
[06:23] Why AI can’t be trusted for legal research
[08:00] Court rules on AI-generated affidavits
[11:18] The hidden confidentiality risks in AI use
[13:02] Efficiency vs. accuracy—real examples from practice
[14:47] AI hallucinations and their legal fallout
[20:00] Bias, black box problems, and real-world AI disasters
[33:14] What the future of AI means for lawyers and accountants

Links

Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value and to enable individuals to make a fresh start. The firm specialises in restructuring, turnaround, personal and corporate insolvency, safe harbour, secured enforcement services, government advisory services and pre-lending services.

For a confidential discussion on any of the above, please reach out to one of our experts

SERVICES

Services

Pressure, opportunity and fraud: what Australian businesses should be watching

Financial pressure is a reality for many Australians right now. Higher household costs, interest rates and other financial pressures can put significant strain on individuals and families. Of course, financial pressure does not mean someone will commit fraud. Most people experiencing financial difficulty will never do anything dishonest. But from

Pressure, opportunity and fraud: what Australian businesses should be watching

Private Credit Security and Cases

In this episode of The Cut, Simon speaks with Samantha Parsons of Parsons & Partners about the rapidly growing private credit and non-bank lending sector. They discuss mortgage fraud, identity verification, digital signing, AI, lender due diligence, changing case law and the importance of properly structured loan documents. Samantha shares

Private Credit Security and Cases

Re: Empireal: a toolkit for investigating pre-administration director conduct

What should a receiver or liquidator look for when investigating the actions of a director whose appointment of administrators ultimately nets for him or her the company’s valuable assets? And what does that director need to do when considering the appointment? How will a court later deal with issues of