))
Not funding the Porsches and Divorces of the Senior Partners - Lindsay Healy founder of Aria Grace
Manage episode 375783646 series 2928005
Treść dostarczona przez iyas alqasem and Iyas alqasem. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez iyas alqasem and Iyas alqasem lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.
A company that makes lawyers wealthier? On the Karmic Capitalist podcast?
Have I sold out?
Stay with me. This law company, Aria Grace, intentionally does the following:
- It offers a legal service on a par with the large law partnerships for less cost to its clients
- It pays the lawyers nearly treble the portion of the fees than in traditional firms
- It donates ALL of its profit to charity
- It tackles the lack of diversity in the legal profession
Lindsay Healy has created a truly disruptive model for law firms with Aria Grace. He does away with the traditional model's payment of 1/3 of fees to partners, 1/3 to the company and 1/3 to the lawyers, and instead gives 90% of the fees to the lawyers, with the remaining 10% paying for the running of the company, and all profit going to charity.
As a result of its work, Aria Grace won The Lawyer Awards' "Law Firm of the Year 2023" award.
This is the legal equivalent of Best Movie at the Oscars. Which I guess makes Lindsay law's Leonardo di Caprio. Without the sleaze.
(Allegedly, Lindsay, allegedly!)
Lindsay has a real issue with the existing model for law firms.
--- Feudal and the worst of capitalism. Inflated fees paying for the "Porsches and divorces" of the partners.
--- Hugely unequal distribution of wealth. He talks a lot about Aria Grace's core concept of "wealthshare".
--- Elitist and exclusionary. "What we don't want is a law firm that looks like me full of people like me because that's what your typical city law firms look like. We want a law firm that looks like the UK, reflective of all the cultures and the creeds and the denominations... We have pretty much every type of culture you can wave a stick at, and that's pretty cool."
What he's building with Aria Grace is challenging all of these precepts and creating a new, and rapidly growing model.
He talks me through this in this fascinating episode, punctuated with many a pot-shot at billionaires and partners, which makes it as fun as it is stimulating.
_______________
I host a weekly online workshop with CEOs of SMEs (10 to 100 employees approx) about scaling up, allowing them to step back and do more strategic work, and doing it in line with their values. Max 6 per session so we can have a real conversation.
If you'd like to join me, find a date that works for you here. They aren't charged for - you and I will both get value from the conversation.
Only CEOs / MDs apply - strictly peer-level conversation.
54 odcinków
Udostępnij
