Beyond Billables: Lessons from Top Law Firm Partners
In this episode of Beyond Billables, host Stephen Rodney [https://www.linkedin.com/in/stephenmrodney/] speaks with Richard Medd [https://www.linkedin.com/in/richard-medd-managing-partner/], Managing Partner at Browne Jacobson LLP [https://www.linkedin.com/company/brownej/], a leading UK law firm. Richard shares his journey from a corporate lawyer to managing partner, highlighting the firm’s growth and transformation over the years. He discusses leadership, the importance of ownership, and how to foster a one-firm culture as the firm expands. The conversation also covers the challenges and opportunities of recruiting laterals and the role of AI and external investments in shaping the future of law firms. Richard Medd has been with Browne Jacobson LLP for his entire career, starting as a trainee and working his way up to managing partner. Under his leadership, the firm has expanded to seven offices across the UK and Ireland, reflecting its national and international growth. Richard shares valuable insights into what makes a successful partner, how leadership differs from management, and how the firm's commitment to values and ownership drives its success. Expect to Learn: 1. How ownership and accountability shape successful law firm partners. 2. The significance of aligning individual success with the firm's overall strategy. 3. Insights into integrating laterals and maintaining a unified company culture. 4. The impact of AI and external investment on the future of law firms. 5. Why leadership and management skills are crucial for law firm success. Episode Breakdown with Timestamps: 1. [00:00] – Teaser 2. [00:56] – Welcome & Introduction to Beyond Billables with Richard Medd 3. [03:54] – 26 Years at Browne Jacobson LLP: From Trainee to Managing Partner 4. [09:34] – One Firm Approach: Partnership Over Individualism 5. [14:54] – Transitioning to Leadership: From Corporate Partner to Managing Partner 6. [18:25] – Starting as Managing Partner During COVID: A Crisis Forged in Fire 7. [22:09] – Lateral Hiring: Art Over Science, Values, and Human Fit 8. [30:46] – Best Moments: Client Emotions, People, and the Annual Tour 9. [37:33] – Advice to His Younger Self: Listen More, Talk Less, and Don't Wait to Be Ready 10. [43:49] – The Future: AI, Private Equity, and Forcing Strategic Conversations 11. [52:00] – One Golden Rule: Own It Together 12. [52:38] – Closing Remarks Connect with Richard Medd: 1. LinkedIn: https://www.linkedin.com/in/richard-medd-managing-partner/ [https://www.linkedin.com/in/richard-medd-managing-partner/] 2. Company’s LinkedIn: https://www.linkedin.com/company/brownej/ [https://www.linkedin.com/company/brownej/] 3. Company’s Website: https://www.brownejacobson.com/ [https://www.brownejacobson.com/] Connect with Stephen Rodney: 1. LinkedIn: https://www.linkedin.com/in/stephenmrodney/ [https://www.linkedin.com/in/stephenmrodney/] 2. Company’s Website: https://www.linkedin.com/company/booxkeepingfranchise/https://www.intogreatcoaching.co.uk/ [https://www.intogreatcoaching.co.uk/] 3. Company’s LinkedIn: https://www.linkedin.com/company/intogreat-coaching/ [https://www.linkedin.com/company/intogreat-coaching/] Connect with IntoGreat Coaching: 1. Website: https://www.intogreatcoaching.co.uk/ [https://www.intogreatcoaching.co.uk/] 2. LinkedIn: https://www.linkedin.com/company/intogreat-coaching/ [https://www.linkedin.com/company/intogreat-coaching/] Listening Links: 1. Spotify: https://open.spotify.com/show/5itRkdqnE9iUG7XuVXfur9?si=cd8ec898274442d9&nd=1&dlsi=6ff13118ea1a44b4https://open.spotify.com/show/5itRkdqnE9iUG7XuVXfur9?si=cd8ec898274442d9&nd=1&dlsi=6ff13118ea1a44b4 [https://open.spotify.com/show/5itRkdqnE9iUG7XuVXfur9?si=cd8ec898274442d9&nd=1&dlsi=6ff13118ea1a44b4] 2. Apple: https://podcasts.apple.com/us/podcast/beyond-billables-lessons-from-top-law-firm-partners/id1847593311https://podcasts.apple.com/us/podcast/beyond-billables-lessons-from-top-law-firm-partners/id1847593311 [https://podcasts.apple.com/us/podcast/beyond-billables-lessons-from-top-law-firm-partners/id1847593311] 3. Youtube: https://www.youtube.com/@StephenRodney-i8lhttps://www.youtube.com/@StephenRodney-i8l [https://www.youtube.com/@StephenRodney-i8l]
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