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

Petitioning creditors and protection of their secured position

A petitioning creditor is a person or entity to whom a debtor owes money and who takes legal action by filing a creditor’s petition with the court to have the debtor declared bankrupt. This is a formal process to recover a debt that has not been paid, usually after the expiry of

Petitioning creditors and protection of their secured position

Cathro Clarity | Q3 FY26 – Are Geopolitical Pressures Yet to Flow Through to Insolvency Trends?

The financial disruption arising from the conflict in the Middle East has now had more than seven weeks to flow through the Australian and global economic environment, particularly via fuel pricing and supply chain pressures. To assess the impact to date, we have analysed live data from our Cathro Clarity

Cathro Clarity | Q3 FY26 – Are Geopolitical Pressures Yet to Flow Through to Insolvency Trends?

Interview with the CEO of ARITA

John Melluish, CEO of ARITA, joins The Cut to unpack the current state of Australia’s insolvency landscape. From his early experience during the insolvency cycles of the 1980s to now leading the industry’s peak body, John shares perspectives on how the profession has evolved — and where it is heading.