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

Cathro & Partners launches forensic accounting practice with appointment of Emma Levett

Sydney, 6 April 2026: Cathro & Partners has today announced the launch of its forensic accounting practice, bringing independent, objective and evidence based financial analysis to complex disputes, investigations and contentious matters. The new practice will combine deep technical accounting expertise with commercial insight to investigate irregularities, quantify loss and

Cathro & Partners launches forensic accounting practice with appointment of Emma Levett

Insights into the Impact of Insolvency Events in the Construction Industry

Construction insolvencies now represent one of the largest shares of corporate failures in Australia. While the triggers vary, the underlying pattern is often remarkably consistent: tight margins, poorly defined scope, delayed payments, disputed variations and contractors effectively funding projects from their own balance sheets. In this episode of The Cut,

Insights into the Impact of Insolvency Events in the Construction Industry

A Perfect Storm for Australian SMEs: Fuel Costs, Interest Rates and ATO Debt Squeezing Margins in 2026

What the numbers are telling us — and what it means for businesses already carrying structural stress At Cathro & Partners, we deliver financial, strategic, commercial and operational solutions to support businesses and their advisers. Our work gives us a particular vantage point on what is happening beneath the surface