How Organisations are Saving $1 Million+ with AI (Enterprise Artificial Intelligence)
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AI’s Role In Transforming Junior Positions – Real Estate and Conveyancing
15 Oct. 2024 - Michael Simonetti, BSc BE MTE - Total Reads 643
Executive Summary
The real estate and conveyancing sector is undergoing significant transformation, with AI tools now capable of managing many of the repetitive, document-heavy tasks traditionally performed by junior staff. Tasks such as contract preparation, title verification, client communication, and data entry can now be completed in a fraction of the time using programmable AI agents — freeing up human resources for client-facing and higher-value legal advisory services.
Hiring and retaining junior admin or paralegal support staff in this industry presents ongoing challenges due to high workload, training complexity, and attrition. AI-driven workflows can be trained to match the firm’s document requirements, templates, and language preferences, ensuring faster, more consistent output and reducing the burden on experienced team members.
Firms that adopt AndMine’s tailored AI systems gain an immediate cost advantage over competitors locked into generic legal SaaS platforms. These owned tools enable precise automation of existing workflows, and — over time — can fully replace the need for expensive software licenses and human resourcing in junior roles.
Case Studies
- Proptech Group Australia: Automated contract generation and form population reduced average time spent on standard property files by over 80%.
- Lendi and Domain Integrations: AI-driven workflow tools integrated with property data and legal checks for faster settlements.
- REI Forms Live Automation: Form handling tools used by conveyancers show consistent savings and fewer human errors.
Table 1 – Cost Comparison per Junior Team Member (AUD)
| Cost Element | Traditional Junior Lawyer | AI-Assisted Role (via AndMine Tool) |
| Salary | $80,000 | $0 (no FTE, AI-driven) |
| Supervision / QA | $10,000 | $5,000 |
| Tool License (per user share) | – | $2,000 |
| Productivity Equivalent | 1.0 FTE | ~1.0 FTE |
| Total Annual Cost | $90,000 | $7,000 |
| Annual Savings | – | $83,000 |
Table 1B – 2-Year ROI for 10 Staff Using Custom AndMine Tool
| Element | Amount (AUD) |
| Traditional Cost (10 juniors x 2 yrs) | $1,800,000 |
| AI Transition Cost (see below) | $434,000 |
| – Tool Development by AndMine | $300,000 (once-off) |
| – AI Platform + DevOps (2 yrs) | $120,000 ($60k/year) |
| – Supervision & Oversight (2 yrs) | $14,000 (avg $700 pp/yr) |
| Total Cost with AI | $434,000 |
| Total Savings Over 2 Years | $1,366,000 |
Operational Outcomes & Time Savings
Outcomes
- Contract & Title Document Drafting: Reduced from 8 hours to under 1 hour with AI-assisted templates and merge logic.
- Client Pack Preparation: 70% faster collation of documents, ID verification, and pre-checks.
- Form Filling & Filing: AI-generated forms ready for review, enabling senior staff to focus on legal sign-off, not administration.
Estimated Cost Savings (Based on 10 junior positions):
| Year | Estimated Savings (AUD) |
| Year 1 | $783,000 |
| Year 2 | $1,366,000 |
| Year 5 | $3,500,000+ (includes SaaS replacement and extended efficiencies) |
Conclusion
Real estate and conveyancing businesses face mounting pressure to reduce turnaround time, increase compliance accuracy, and manage rising operational costs. AI offers a tangible, immediately applicable solution — not a future promise.
AndMine is already delivering tailored automation tools, transforming how teams operate. These systems are highly specialised and deliver faster results than expensive SaaS alternatives that try to be “one size fits all.” While initial cost savings centre on replacing junior staff tasks, the longer-term opportunity lies in eliminating large, recurring software fees.
Firms that invest in their own AI systems today will operate leaner, faster, and with more control. Waiting for an off-the-shelf solution risks falling back into the SaaS trap — where your operations are dictated by someone else’s roadmap.
—
Michael Simonetti is the Founder and Director of AndMine, an agency at the forefront of digital transformation and applied AI, helping businesses replace legacy systems with agile, intelligent solutions.
References
Proptech Group – Automated Document Generation
https://www.proptechgroup.io/blog/automating-property-contracts-with-ai/
Lendi and Domain – AI in Lending and Settlements
https://www.afr.com/technology/lendi-partners-with-domain-to-accelerate-home-loan-process-20220221-p59y4e
REI Forms Live – Real Estate Automation Case
https://reiwa.com.au/products-services/rei-forms-live/
Posted by: Michael Simonetti, BSc BE MTE
Post Reads: 643
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