Beyond Billables: Lessons from Top Law Firm Partners
In this episode of Beyond Billables: Lessons from Top Law Firm Partners, host Stephen Rodney [https://www.linkedin.com/in/stephenmrodney/] speaks with James Hacking [https://www.linkedin.com/in/james-hacking-376b32/], Co-founder and CEO of Kindleworth LLP [https://www.linkedin.com/company/kindleworth-llp/]. The conversation explores how and why top lawyers are choosing to launch their own firms, the realities behind law firm startups, and how the legal market is evolving. They also discuss private equity in law, the role of technology, and why specialisation and independence are becoming more attractive in today’s legal landscape. James Hacking is Co-founder and CEO of Kindleworth LLP, a consultancy that helps launch and manage law firms. With nearly 30 years of experience in legal operations, including roles across HR, compliance, and business strategy, James has supported the creation of over 50 law firms globally. His work focuses on helping partners build high-performing firms while removing operational burdens so they can focus on clients and growth. Expect to Learn: * Why many partners are choosing to leave large firms and start their own practices * The common fears around launching a law firm and how they are addressed * How law firm startups can be profitable from an early stage * The growing role of private equity and external funding in legal services * Why specialisation and new firm models are shaping the future of law Episode Breakdown with Timestamps: * [00:00] – Teaser * [00:54] – Welcome to Beyond Billables * [01:54] – Introduction of James Hacking (Kindleworth) * [05:24] – Signature Litigation and Three Crowns (2014) * [09:43] – Host asks about worries * [14:08] – Margins of 55‑65%, founders can earn more * [19:30] – Exit questions – not yet seen in practice * [23:54] – Larger partnerships find change harder * [29:00] – Not in 12 months, but seems inevitable longer term * [37:26] – US‑UK mergers creating opportunities for teams to leave * [44:23] – AI as a positive driver for law firm founders * [47:32] – US market prospects – opening an East Coast office * [49:08] – Closing thanks Connect with James Hacking: * LinkedIn: https://www.linkedin.com/in/james-hacking-376b32/ [https://www.linkedin.com/in/james-hacking-376b32/] * Company’s LinkedIn: https://www.linkedin.com/company/kindleworth-llp/ [https://www.linkedin.com/company/kindleworth-llp/] * Company’s Website: https://kindleworth.com/ [https://kindleworth.com/] Connect with Stephen Rodney: * LinkedIn: https://www.linkedin.com/in/stephenmrodney/ [https://www.linkedin.com/in/stephenmrodney/] * Company’s Website: https://www.linkedin.com/company/booxkeepingfranchise/https://www.intogreatcoaching.co.uk/ [https://www.intogreatcoaching.co.uk/] * Company’s LinkedIn: https://www.linkedin.com/company/intogreat-coaching/ [https://www.linkedin.com/company/intogreat-coaching/] Connect with IntoGreat Coaching: * Website: https://www.intogreatcoaching.co.uk/ [https://www.intogreatcoaching.co.uk/] * LinkedIn: https://www.linkedin.com/company/intogreat-coaching/ [https://www.linkedin.com/company/intogreat-coaching/] Listening Links: * 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] * 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] * YouTube: https://www.youtube.com/@StephenRodney-i8lhttps://www.youtube.com/@StephenRodney-i8l [https://www.youtube.com/@StephenRodney-i8l]
30 episodes
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