HMB’s Chief Executive Officer, Sara E. O'Reilly was interviewed by Jay Edelson, Host of legal podcast, "Non-Compliant." Their conversation spans a variety of topics including running a law firm as a non-lawyer, why firms need a 5-year plan and why Diversity and Inclusion is imperative to the long-term success of the legal industry. Get to know Sara and listen to the full podcast here: “Non-Compliant Podcast Episode 30: The One Where We Talk About Disrupting The Legal Industry with Sara O’Reilly.”
To start the show, Jay and Sara discuss recent efforts by forward-thinking law firms to bring in non-lawyer executives to oversee their business operations (3:20). To be successful in the legal profession, executives need to appreciate the history, talent and culture of law firms so they can successfully implement long-term strategies (6:30).
Next, Jay and Sara dive into the best ways to take law firms to the next level (10:40). Law firms, under the charge of seasoned executives, should approach their business operations with long-term strategies that work within the firm’s ecosystem (15:30). A key way to usher in these long-term changes is to spend considerable time and resources to train the next class of attorneys, staff and future legal executives (30:00).
Later in the show, Jay and Sara discuss why Diversity should be a top priority for law firms—not only to better the legal profession but also to bring in new voices to the practice of law (35:20). Firms must not take the approach that Diversity is a numbers game, rather they should take a holistic approach to foster a firm that has diversity of thought, background and perspective. (36:44).
To wrap the show, Jay and Sara discuss the recent trend of states warming up to non-lawyer ownership of law firms and what the industry could look like over the next 5 to 10 years (42:25). Such ownership and control, Jay and Sara explain, allows for a new type of thinking and increased competition within the legal profession that would further increase diversity of thought across the board.
Listen now to learn more about Sara and HMB.