How lawyers are using AI, and financial planners aren’t far behind

How lawyers are using AI, and financial planners aren’t far behind

By https://www.abc.net.au/news/david-taylor/6529840
Publication Date: 2026-04-17 21:18:00

Artificial intelligence is having a significant impact on our daily lives and the way we interact with the service sector.

For example, the way we approach the legal profession is changing rapidly.

For example, having a lawyer review your case typically involves many administrative tasks that take time to complete.

David Fischl (left) says AI can improve the efficiency of a workplace. (ABC News: Thorsten Joses)

“So a client asks us to either defend a matter or advise on a matter,” David Fischl, partner at Hicksons, told The Business.

“And with that request comes a large stack of documents.

“What a lot of law firms are doing now is that they have young lawyers going through these documents to find the important needles in the haystack.”

Now, Mr. Fischl said, this task has been made much faster by using AI to scan documents.

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Hicksons also used AI to redact people’s personal information contained in thousands of pages.

“AI is now able to help with this task and find the…