The Non-Billable Podcast

• Lessons from a Big Law leader: Charlie Geffen on US dominance, the rise of private equity, transatlantic mergers, and why striking deals with Trump made sense for some

  Few people have had a closer view of the modern City law market than Charlie Geffen. As former senior partner at Ashurst, he helped build one of London’s top private equity practices before moving to Gibson Dunn in 2014, where he became global co-chair of private equity. Today, he splits his time between chairing the taskforce getting the UK ready for T+1 settlement of financial trades, a senior position at the University of Surrey and occasionally weighing in on the big debates shaping the profession - earlier this year, he sparked discussion with a letter to the Financial Times, defending the decision by some firms to strike deals with the Trump administration. In this conversation, Charlie looks back at four decades of transformation in Big Law - from globalisation and specialisation to the rise of US firms that now dominate the global elite. He explains why American firms’ structure, scale and domestic market have given them a lasting advantage, and why, in his words, “the global Magic Circle is entirely American.”We also discuss the major transatlantic mergers reshaping the landscape, including A&O Shearman and Herbert Smith Freehills-Kramer Levin, and what the likes of Ashurst can realistically do to compete. Charlie reflects on his own experience leading Ashurst through its growth years, its failed US merger talks, and how the firm ultimately found its footing through reinvention.Finally, he shares his take on the next phase of disruption: how AI and private equity could drive a wave of consolidation, why law firms will need far fewer people in future, and why, despite it all, he still sees enduring value in the partnership model - and in knowing exactly what your firm is, and what it isn’t trying to be.Chapters00:01 Introduction01:30 Evolution of the Legal Market06:45 Comparative Analysis of US and UK Law Firms09:44 The Rise of US Firms12:27 Current Landscape of UK Law Firms17:26 Strategic Insights for UK Firms19:45 The Rise of Private Equity22:03 Strategic Decisions in Law Firms27:23 Transatlantic Mergers and Their Implications29:45 Big Law Firms Response To Trump Executive Orders37:51 The Future of the Legal Market: AI and ConsolidationAbout Non-BillableNon-Billable is the media company for modern legal professionals across private practice, in-house and legal tech.Visit our website: ⁠⁠https://www.nonbillable.co.uk

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• Why Hogan Lovells built a 100-person legal tech company: Sebastian Lach on what clients actually want from AI

  Hogan Lovells might not be the first name that comes up in conversations about legal AI, but maybe it should. The firm quietly spun up ELTEMATE, a 100-person legal tech subsidiary, to build tools for clients that go beyond hype and deliver real efficiency gains. At the helm is Sebastian Lach, a Hogan Lovells partner who also leads ELTEMATE.In this episode, Sebastian talks about how ELTEMATE started with just three people around a table in 2019 and has since scaled into a global team creating client-facing technology. Funded entirely in-house, it now builds everything from AI-driven investigation tools to domain-specific tools tailored to compliance and litigation.We also dig into Sebastian’s views on legal AI more broadly. He’s sceptical about so-called “Swiss Army knife” platforms and argues that the real value lies in specialist, vertical tools trained on the right data and guided by lawyers who know what good looks like. “Lawyers don’t want 60% answers”, he argues. “They want a tool that gives them the right result at the push of a button.”It’s a conversation about what happens when a Big Law firm takes tech seriously - balancing risk and innovation - and what clients are really asking for when they demand AI.Chapters00:01 Introduction00:50 Sebastian’s Background02:07 Transitioning from Law to Legal Tech04:00 Exploring White Collar Crime Law07:25 The Birth of ELTEMATE10:34 Funding and Business Model of ELTEMATE11:39 ELTEMATE's Growth and Structure13:12 ELTEMATE's Product Suite and Strategy18:23 The Importance of Domain-Specific Solutions20:48 Data as a Core Differentiator24:28 The Future of Legal Tech and Client Needs28:30 The Vision for ELTEMATE31:16 Lessons Learned in Legal Tech Innovation34:48 Concerns About AI in Legal Practice35:51 Skills for the Future Lawyer38:02 The Future of the Billable Hour About Non-BillableNon-Billable is the media company for modern legal professionals across private practice, in-house and legal tech.Visit our website: ⁠⁠https://www.nonbillable.co.uk

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• Inside McDermott's $2.8bn merger: London managing partner Aymen Mahmoud on building a transatlantic private capital powerhouse

  McDermott has just completed one of the biggest Big Law mergers in recent years, tying up with New York’s Schulte Roth & Zabel to create a $2.8 billion powerhouse sitting just outside the top 10 US firms by revenue. The deal was wrapped up in just three months - record speed by law firm standards - and is already producing results.In this episode, we sit down with Aymen Mahmoud, McDermott’s London managing partner, to get the inside view on how the merger came together, why culture was as important as strategy, and what the combined platform means for clients on both sides of the Atlantic. He explains why he calls it a “marriage of conviction” and why the firm is betting big on private capital as the driver of its next phase of growth.We also dig into the London story: how Schulte’s top-tier funds practice changes McDermott’s position in the market, the firm’s plans for a new Mayfair office in 2028, and the ambition to be on every top client’s speed dial for private capital work. Along the way, Aymen shares candid insights on talent, pay, and how McDermott is trying to do things differently - from matching New York comp in London to giving billable credit for mindfulness.Chapters00:01 Introduction01:15 The McDermott-Schulte Merger07:07 Cultural Integration and Success Metrics12:45 Strategic Growth in London18:42 Talent Acquisition and Retention24:40 Leadership and Personal Growth30:43 Future Vision for McDermottAbout Non-BillableNon-Billable is the media company for modern legal professionals across private practice, in-house and legal tech.Visit our website: ⁠⁠https://www.nonbillable.co.uk

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• Why Hill Dickinson sponsored Everton's new stadium: Peter Jackson on bold marketing bets and lessons from 20 years at the top

  Hill Dickinson made headlines earlier this year with one of the boldest law firm marketing moves in recent memory: a multi-million pound deal to put its name on Everton’s new stadium in Liverpool. In this episode, Peter Jackson - the firm’s long-time managing partner and CEO - takes us inside the decision, what it means for brand recognition, and why giving back to the city was part of the rationale.Over nearly two decades leading Hill Dickinson, Jackson steered the firm through both rapid growth and tough choices. He recalls the pivotal moment in 2016 when the insurance practice, once a cornerstone of the business, became a drag on profits - and how the bold decision to sell it to Keoghs reshaped the firm’s future. His mantra: be brave, and get your partners onside.We also explore how Jackson approached culture and values, from rejecting lucrative lateral hires that didn’t fit, to hands-on leadership built around trust and constant communication. For him, sustainable growth always came back to three basics: people, clients and cash.Finally, Jackson shares his take on the wider market: the rise of external capital in law, the challenges and opportunities it brings, and what he thinks firms often get wrong about private equity investment.Chapters 00:01 Introduction01:30 Peter’s Background and Shipping Law04:13 The World of Superyachts and Monaco Expansion06:16 Hill Dickinson in the 1980s: From Liverpool Roots to London Growth09:03 Leadership Challenges and the Keoghs Transaction12:08 Strategy, Profitability and the Post-2016 Pivot14:32 Culture and Values: Building a Cohesive Firm16:09 The Changing Role of Managing Partner19:06 Hands-On Leadership and Partner Communication21:18 Talent, Lateral Hires and Protecting Culture23:18 Defining Star Partners and Building Teams25:28 The Everton Stadium Deal: Bold Marketing in Law30:23 Brand Recognition, Recruitment and Giving Back to Liverpool35:05 External Capital in Law: Opportunities and Risks43:12 Leadership Lessons: People, Clients, CashAbout Non-BillableNon-Billable is the media company for modern legal professionals across private practice, in-house and legal tech.Visit our website: ⁠⁠https://www.nonbillable.co.uk

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• 'The reality is very different': KPMG legal chief Stuart Bedford on what people get wrong about the Big Four’s legal ambitions

  What role do the Big Four really play in the legal market, and how different are they from traditional firms? In this episode, we sit down with Stuart Bedford, global head of legal at KPMG, to get a first-hand view of how one of the world’s largest professional services organisations is approaching the delivery of legal services.Stuart reflects on his own career journey, qualifying at Linklaters, building one of the City’s leading corporate practices, and eventually stepping into leadership at KPMG. He explains how his experience across multiple disciplines and jurisdictions shaped his perspective on what clients truly need from their lawyers.We dig into what sets KPMG Law apart - why they’re not chasing the mega M&A deals that grab headlines, but instead focusing on areas where law, technology, and multidisciplinary teams intersect. From entity management and post-merger integration, to regulatory compliance and legal managed services at scale, Stuart outlines a model that looks very different to Big Law.Finally, Stuart discusses KPMG’s expansion into the US via an Arizona ABS licence, the firm’s Legal Reimagined programme, and the opportunities created by technology, data and global delivery. If you’ve ever wondered how a Big Four legal arm competes without playing the traditional law firm game, this conversation offers a look inside.Chapters 00:01 Introduction01:15 Introduction & Stuart’s Early Career Path03:18 Changing Specialisation in Law Firms05:35 Why Stuart Moved to KPMG08:32 Rethinking the Big Four’s Legal Offering13:14 Post-Merger Integration & Entity Management16:38 Technology, Data & Legal Reimagined21:17 Delivering Managed Legal Services at Scale25:39 Talent, Culture & Multidisciplinary Teams29:18 Embedding Legal Within the Wider KPMG Business31:40 Have the Big Four’s Legal Dreams Materialised?33:31 US Expansion & the Arizona ABS Licence38:02 Looking Ahead: The Future of KPMG LawAbout Non-BillableNon-Billable is the media company for modern legal professionals across private practice, in-house and legal tech.Visit our website: ⁠⁠https://www.nonbillable.co.uk

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