The Future Is Bright Podcast

By: The Future Is Bright Podcast
  • Summary

  • Enjoy a front-row seat as Chris speaks with thought-provoking C-Suite executives and leaders from corporations, both public and private, professional service firms, and of course, the legal industry from around the United States.
    The Future Is Bright Podcast
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Episodes
  • EP #45 The UK Legal Market with Greg Jackson of PwC
    Nov 19 2024

    “I suspect in the UK we’re going to end up with some really deep, high-quality verticals…as opposed to lots of law firms having components,” says today’s guest Greg Jackson, Director of Law Firm Strategy and Transformation at PwC, who joins The Future is Bright to discuss this and many more predictions he has for the future of UK law firms. Along with co-hosts Chris Batz and Howard Rosenberg, Greg will compare UK firms to their American counterparts in terms of economics, leverage, rates and utilization, pay and expectations at the partner level, as well as yearly hours. He will explain why he’s changed his view—however slightly—on the idea of growth for growth’s sake, how the UK legal market is changing—including a particularly important one—and his advice for mid sized firms.

    He will also explain how Alternative Business Structure will affect the UK model going forward and why U.S. outbound work to Europe is so important. He’ll predict whether or not the UK will adopt a hybrid model, marrying innovation with tradition, as well as what to do when you’ve been on a steady upward trajectory for a sustained period of time, and the issue that keeps his clients up at night.

    What is the one thing that U.S. law firms do better than those across the pond? Join today’s episode of The Future is Bright to find out.

    Quotes

    • “One of the projects that I always encourage clients to do—and I did in my old world—was, How do you situate your exec or board in a ten percent off the top line reduction? Whether hours or price or some combination of the two? Situate yourself in that issue and think, ‘What can we do about cash? What do we do with our clients? What work do you want to hold on to that we’re willing to go for a downward cycle, even if it’s painful?” (7:01 | Greg Jackson)

    • “I don’t know how this is played out in the U.S., but in the UK, in particular in the last 12 months, there have been a number of quite bad well-being incidents that have happened which have caused firms to really think about, ‘How do you connect utilization into an understanding of what people are doing?’ It can be quite hidden, to your point, big hours, etc.” (14:58 | Greg Jackson)

    • “When you think of what’s coming in terms of technology investment, lawyer salaries, the need to be more international and cope with more complex regulatory environments to operate in the U.S./UK, I just see a world in which you need more scale.” (19:47 | Greg Jackson)

    • “I suspect in the UK we’re going to end up with some really deep, high-quality verticals…as opposed to lots of law firms having components.” (24:22 | Greg Jackson)

    Links

    Connect with Greg Jackson:

    LinkedIn Profile: https://www.linkedin.com/in/greg-jackson86/

    Connect with Howard Rosenberg:

    LinkedIn profile: https://www.linkedin.com/in/hrosenberg/

    Company web profile: https://www.baretzbrunelle.com/howard-rosenberg

    Connect with Chris Batz:

    LinkedIn Profile: https://www.linkedin.com/in/chrisbatz/

    LinkedIn Company page: https://www.linkedin.com/company/columbus-street/

    Columbus Street website: https://www.columbus-street.com/



    Podcast production and show notes provided by HiveCast.fm

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    44 mins
  • EP #44: A Law Firm Merger of Equals with Scott Kadish and Kevin McLaughlin
    Nov 5 2024

    “We wanted it to be a true merger of equals,” says Scott Kadish, who, along with Kevin McLaughlin, are Co-Managing Partners at the newly merged UB Greensfelder. On today’s episode of The Future is Bright, the two men talk to host Chris Batz about what can happen when two firms marry their considerable strengths to make themselves even more competitive and able to take on bigger, more complex work. It’s not an overnight process. It’s the result of long, thoughtful considerate discussions, where all concerns and needs are met, responsibilities are divided fairly and sensibly, and where care is taken to make sure that all employees not only survive the merger, but are placed where they will be most successful.

    Even the new name UB Greensfelder was formed as the result of conscientious talks to ensure that neither firm felt that they were being acquired, but rather were moving forward together. While no merger is without its surprises, perhaps what’s most surprising was how genuinely compatible the firms felt with each other.

    Today’s discussion reflects what a genuinely pleasant experience this merger has been for both parties and what can happen when two powerful entities treat each other with mutual respect and are thoughtful down to the smallest details.

    Quotes

    • “Both firms were really coming at this from positions of strength…Both firms were recognized for their work in a number of different practice areas, diverse practice areas…We came together because we thought we’d be better together—we’re seeing that happen—not because we thought we were in desperation mode.” (5:14 | Kevin McLaughlin)

    • “Neither of us wanted to feel like we were being acquired. We wanted it to be a true merger of equals and that required a discussion about, ‘How do you do this and how do you do that?’ Every single policy. And it was a discussion—we use that word intentionally—because it wasn’t a negotiation…We also agreed—and I think this is key—that we were just going to try to figure out the best way to do it, the best practice, for everything.” (12:56 | Scott Kadish)

    • “I think it’s because of the length of time that we were talking that there really weren’t any significant surprises. Conflicts—our general counsel, at one point he said to me, ‘I am shocked at how few conflicts we’re having.’ And especially we didn’t have any what I would call ‘material conflicts’…in terms of impacting the overall firm, not really at all.” (29:44 | Kevin McLaughlin)

    • “The merger will really be successful if people develop new relationships and new contacts. Otherwise, if they’re stuck in the same place and they don’t reach out and develop these…then their practice is not going to be affected by the merger. But this is a unique opportunity to grow your client base and grow your business with people who you’ll enjoy practicing with.” (33:22 | Scott Kadish)

    Links

    Connect with Scott Kadish:

    Website bio https://www.ubglaw.com/scott-p-kadish

    LinkedIn profile https://www.linkedin.com/in/scott-kadish-3679a04/

    Connect with Kevin McLaughlin:

    Website bio https://www.ubglaw.com/kevin-t-mclaughlin

    LinkedIn profile https://www.linkedin.com/in/kevin-mclaughlin-27703a8/

    Connect with Chris Batz:

    LinkedIn Profile: https://www.linkedin.com/in/chrisbatz/

    LinkedIn Company page: https://www.linkedin.com/company/columbus-street/

    Columbus Street website: https://www.columbus-street.com/



    Podcast production and show notes provided by HiveCast.fm

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    40 mins
  • EP #43: How Corporate Law Firms Want to Grow with Chris Batz and Howard Rosenberg
    Oct 22 2024

    “Teams and groups are much harder to pull off. The degree of difficulty is a challenge. There’s a real prize if you get it right,” says co-host Howard Rosenberg as he and Chris Batz dig into the complexities of law firm growth through team acquisitions. They emphasize the strategic advantage of acquiring teams rather than individual hires. It’s a more challenging process, but the rewards—stronger firm cohesion, better retention, and a lower risk profile—make it worth the effort.

    Chris notes that many firms are now open to making bold moves, like doubling their size through mergers. But both hosts point out that the real test is in integrating these new teams into the firm’s culture and structure. What makes for a smooth transition? They agree that a clear plan, strong leadership, and a compelling market story are essential. For any firm aiming to grow, this episode serves as a reminder that success lies in more than just closing the deal—it’s about executing a thoughtful, sustainable strategy.

    Quotes

    • “If a law firm leader can do 10 onesies and twosies over the course of 12 months, that’s going to create some runway. That’s going to make it happen. But teams and groups are much harder to pull off. The degree of difficulty is a challenge. There’s a real prize if you get it right, but again, there’s a lot more work involved in pulling together a team. The team has to go together, and the conflicts have to be resolved.” (00:50 | Howard Rosenberg)

    • “Everyone wants a team or a group because it lowers the risk profile of doing these deals in the marketplace. They have a better traction rate in terms of… They don’t stick around for a lot longer. They’re embedded in the organization. They don’t leave as easily. There are obviously integration issues, but with the onesies and twosies, a lot of management time is spent just bringing those people to the line.” (01:24 | Howard Rosenberg)

    • “I think firms need to be focused and strategic, but they also need to be open-minded about how they go about that process.” (05:11 | Chris Batz)

    • “For firms to remain competitive, they have to think in larger acquisition sizes. But I respect firms that don’t have a desire to grow in dramatic ways. Continuing to do what they’ve done because it works for them is fine but the competitive landscape is changing.” (13:56 | Chris Batz)

    Links

    Connect with Howard Rosenberg:

    LinkedIn profile: https://www.linkedin.com/in/hrosenberg/

    Company web profile: https://www.baretzbrunelle.com/howard-rosenberg

    Connect with Chris Batz:

    LinkedIn Profile: https://www.linkedin.com/in/chrisbatz/

    LinkedIn Company page: https://www.linkedin.com/company/columbus-street/

    Columbus Street website: https://www.columbus-street.com/



    Podcast production and show notes provided by HiveCast.fm

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    16 mins

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