Private Equity and the Future of Law Firms: Investing in AI

Private Equity and the Future of Law Firms: Investing in AI

Private equity interest in U.S. law firms is accelerating, and AI is a major reason why. In this Season 3 kickoff, Jen Leonard and Bridget McCormack explore how ethics rules collide with the capital demands of AI, and why the real story isn’t short-term profits but long-term investment in legal infrastructure. They unpack Rule 5.4, the rise of the MSO model as a workaround for outside investment, and what “ownership” really means when control over data, technology, and professional judgment is at stake.

The conversation also examines emerging judicial approaches to AI disclosure and what they signal for competence, evidence, and governance as AI becomes foundational to legal practice.

Hosted on Acast. See acast.com/privacy for more information.

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Jaksot(55)

How AI Is Reshaping In-House Legal Teams with Nick Fleisher

How AI Is Reshaping In-House Legal Teams with Nick Fleisher

How is AI changing the work of in-house legal teams?In this episode, Jen Leonard and Bridget McCormack are joined by Nick Fleisher, co-founder and CEO of Sandstone, an AI-native platform built specifi...

7 Heinä 29min

Can Law Firms Redesign Themselves for AI? Jen Leonard on Unprecedented

Can Law Firms Redesign Themselves for AI? Jen Leonard on Unprecedented

Can law firms redesign themselves for a world shaped by generative AI?In this episode, Jen Leonard and Bridget McCormack are joined by Sharon Crane, president of Practising Law Institute, for a conver...

23 Kesä 36min

Is Legal Tech in a Bubble? Nikki Shaver on AI Strategy and Legal Tech Growth

Is Legal Tech in a Bubble? Nikki Shaver on AI Strategy and Legal Tech Growth

The legal tech market is growing fast—but is it a bubble, or the beginning of a new era for legal services?In this episode, Jen Leonard and Bridget McCormack are joined by Nikki Shaver, co-founder and...

9 Kesä 36min

What Happens When AI Agents Make Contracts? Bridget McCormack on LCP

What Happens When AI Agents Make Contracts? Bridget McCormack on LCP

What happens when AI agents start making contracts with other AI agents?In this episode, Jen Leonard and Bridget McCormack explore Legal Context Protocol, or LCP, a new open protocol designed to help ...

26 Touko 38min

Can AI Make Lawyers Better? Daniel Schwarcz on AI and Human Legal Reasoning

Can AI Make Lawyers Better? Daniel Schwarcz on AI and Human Legal Reasoning

Can AI help lawyers learn—or does it weaken the skills legal training is meant to build?In this episode, Jen Leonard and Bridget McCormack are joined by Daniel Schwarcz, Fredrikson & Byron Professor o...

12 Touko 33min

The Am Law 100 Power Rankings: What’s Changing in Big Law with Jae Um

The Am Law 100 Power Rankings: What’s Changing in Big Law with Jae Um

The latest Am Law 100 power rankings reveal a legal industry undergoing rapid transformation—driven by shifting demand, intensifying competition, and the growing influence of AI. In this episode, Jen ...

28 Huhti 53min

Jason Barnwell on AI Agents, Contract Lifecycle Management, and the Future of Legal Work

Jason Barnwell on AI Agents, Contract Lifecycle Management, and the Future of Legal Work

Artificial intelligence is moving beyond tools and into systems—reshaping how legal work is performed and delivered.In this episode, Jen Leonard and Bridget McCormack speak with Jason Barnwell, Chief ...

21 Huhti 36min

Did AI Just Practice Law? The OpenAI Lawsuit + Legalweek 2026

Did AI Just Practice Law? The OpenAI Lawsuit + Legalweek 2026

Artificial intelligence is beginning to test the boundaries of legal practice itself.In this episode, Jen Leonard and Bridget McCormack examine Nippon Life v. OpenAI, a lawsuit alleging that a chatbot...

7 Huhti 34min

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