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Simon Ridpath

Managing partner of Charles Russell Speechlys

Sep 9, 2026

30:05
Are you-- W- what do you think is gonna happen, you know, 6 to 12 months time? Do you think someone, someone, you know, a big firm's gonna, gonna do it?
30:15
No, is the honest answer.
30:17
I don't think a big firm is going to do it.
30:19
I might be surprised at that, but I think- I think part of it is law firms, despite everything we've said around the challenges and the difficulty, have been highly successful over the last 20 years, and in fact, some for more than 200 years.
30:36
But as a result of that, being a partner in a law firm still offers you a level of remuneration that is very hard to drive through a more traditional corporate model.
30:48
And so for as long as that remains the case, it's the biggest impediment to being the first mover.
30:54
Because if you go and, and you say, "I'm gonna do this, and we're gonna move to a corporate model, and we're gonna equitize elements of it, and we're gonna convert it to shares," you're still competing with everyone else who isn't doing it in that way.
33:18
Whereas at the moment, that, that, you know, the model doesn't-- it's not really f- set up for that, is it?

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