2026 and beyond: Emerging AI tools to reshape accounting practice

Accounting firms cite accuracy, data privacy, and lack of training as top concerns when adopting AI technology.

The share of households prioritising day-to-day expenses is now at its highest.

70% of legal firms say using AI has saved a moderate to significant amount of time in legal work.

Staff turnover is a problem for 80% of legal firms worldwide, with 10% seeing burnout as a driving factor for this issue.

The biggest obstacles to technology adoptions and AI include cost, time and data privacy.

48% of law firms spend over 2 hours a day on excessive administrative duties.

High-growth firms lead in using AI in their tech stack, with 1 in 4 using the technology more than 1 hour a day.

LEAP’s Profitability in Law: Global Report 2026 reveals profitability is a top priority for 70% of legal practices.

Global conflict leading to price hikes cause worry for Australian consumers.

Close and continuous client relationships is a feature of high-growth outlook accounting firms.

Consumers saying they’re planning to purchase homes in the next 12 months have dropped by 3% in Q1.

Practitioners want responsible AI implementation that saves time and frees them up for high-value work.