The Non-Billable Podcast

• Leaving Big Law to start an AI-enabled boutique

  In this episode, we speak with Simon Leaf - a former Mishcon de Reya partner who has launched Three Points Law, a tech-enabled boutique focused on technology, sport and commercial/IP work alongside fellow former Mishcon lawyer Tom Murray. After 15 years in Big Law, Simon left to build a firm that uses AI from day one and is structured for the kind of fast, high-volume commercial work he handles.Simon explains why the traditional model no longer fits. As his hourly rate rose and teams grew around him, he felt further from clients and constrained by incentives tied to billable hours. At Three Points, he’s leaning into value-driven pricing and using AI to cut out most junior-level work so he and co-founder Tom can stay close to clients and move faster.He shares how the firm is using Legora and other AI tools across the workflow - from business development and fee proposals to standardised contract review processes. The tech isn’t perfect, he says, but in the hands of experienced lawyers it’s powerful enough that he’s “100%” confident it replaces the need for junior hires. The early traction has been strong enough that they’re already recruiting senior lawyers instead.Simon also breaks down the mechanics of starting a modern boutique: partnering with Excello for back-office and regulatory support, avoiding external capital to stay client-focused, and building a culture where he can do high-quality work without the pressures of Big Law. His advice to others thinking of making the leap? If you have the relationships and the appetite to do things differently, “go for it.”Chapters00:01 Introduction01:00 Simon’s Background01:56 Why Three Points Law?03:09 Life at Mishcon & Leading the Sports Group03:46 Inside Premier League Player Contracts06:23 Why Big Law No Longer Fit09:10 The Billable Hour Problem10:58 Going All-In on AI from Day One13:23 How AI Replaces Junior Work16:23 Moving Away from the Billable Hour19:12 Why Human Lawyers Still Matter20:18 Will More Boutiques Break Away?21:58 Three Points’ Vision and Culture23:18 How They Set Up the Firm27:41 Advice for Aspiring Boutique FoundersAbout 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 $1.8bn Legora: Alex Fortescue-Webb on the legal AI platform race

  Alongside Harvey, Legora has quickly become a frontrunner in the legal AI platform race, offering lawyers a suite of productivity tools for contract review, drafting, legal research and large-scale document analysis. Its rise has been startlingly fast. Founded just two years ago, Legora hit a $1.8 billion valuation in its October funding round and has signed a wave of major UK firms this year alone.Today on the podcast, we’re joined by Alex Fortescue-Webb, Legora’s head of UK and Ireland and head of legal engineering. Alex began his career as an M&A lawyer at CMS before moving into legal operations and managed services roles at BCG, Axiom, Thomson Reuters and EY.Alex breaks down what Legora actually does: reviewing and comparing documents in seconds, handling heavy diligence exercises, and assisting with drafting directly inside Word. He also talks through the current limits of legal AI - especially the challenge of missing context - and why complex tasks still need to be broken down into smaller steps.The conversation also covers Legora’s new Portal product, which lets firms expose richer, AI-powered work product to clients and offer controlled self-serve tools built on their own IP. Alex argues this shift will make knowledge management even more critical as delivery becomes more productised. Finally, Alex discusses Legora’s rapid momentum with leading firms, the company’s US push and recent funding round, and how he views the competitive landscape. His focus: not beating rivals, but driving real adoption so AI becomes embedded in how lawyers actually work.Chapters00:01 Introduction01:00 Welcome and Alex’s Role at Legora01:13 Inside Legal Engineering: Ex-Lawyers as the Bridge to AI03:20 What Legora Actually Does for Lawyers05:41 SPA vs Term Sheet: A Practical Legora Use Case07:48 Who’s Using Legora Most (And How Usage Varies)09:10 Where Firms See the Biggest Time Savings11:12 The Limits of Legal AI Today: Context and Zero Data Retention13:13 Solving the Context Problem and Future Integrations14:25 Portal: Rethinking Law Firm-Client Collaboration19:01 Productising Know-How and the Future of Knowledge Management22:20 Legora’s Growth Story and Adoption Playbook25:45 Funding, US Expansion, Harvey - And the Legal AI Platform RaceAbout 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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• How a 245-year-old City firm stays ahead: Wedlake Bell’s Camilla Wallace on external capital, culture and what juniors want today

  In this episode, we sit down with Camilla Wallace, senior partner of Wedlake Bell. A private client specialist who has spent 18 years at the firm, Camilla talks through Wedlake Bell’s evolution from a sub-20 partner outfit to a headcount of more than 350, why it has stayed a single-office City firm, and how it balances its 245-year heritage with a “1780 but contemporary” mindset.Camilla explains how she defines the senior partner role today - part chair, part ambassador, part counsellor - and why that structure works alongside managing partner Martin Arnold. She also discusses the firm’s measured stance on international expansion and external capital, and how culture underpins many of those decisions.A major theme of the conversation is mental health in the legal industry. Camilla shares the data she’s seeing through her work with LawCare, the pressures on junior lawyers, and the initiatives Wedlake Bell has launched, including anonymous learning reviews aimed at building psychological safety across teams.Finally, Camilla turns to the ‘millionaire exodus’ and what’s driving high-net-worth clients out of the UK. She outlines the broader economic impact, her concerns about policy uncertainty, and her own surprisingly simple idea for tax reform.Chapters00:01 Introduction01:10 Camilla’s Background01:46 WedLake Bell's Growth and Market Position04:41 Balancing Heritage and Innovation in Law08:06 The Role of Technology and AI in Law10:58 Growth Plans and Market Positioning12:55 The Senior Partner Role in Modern Law Firms15:46 Challenges in Leading a Modern Law Firm19:29 Mental Health in the Legal Industry24:27 The Changing Expectations of Junior Lawyers27:28 The Impact of Wealth Migration from the UK32:15 Taxation and Its Effects on the Legal SectorAbout 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 private equity wants a piece of Big Law: Former A&O boss David Morley on what's really happening

  Private equity is closing in on the legal industry, and few people have a better vantage point than David Morley, former managing and senior partner at Allen & Overy. After steering A&O through the 2008 financial crisis, Morley moved into the investment world, chairing a private equity firm and heading up Europe for one of the world’s biggest pension funds. Earlier this year, he teamed up with fellow A&O alum Wim Dejonghe to launch a consultancy advising law firms and investors on the surge of capital eyeing the profession.In this episode, David explains why investor sentiment toward law firms has flipped “gradually, then suddenly.” He says private equity’s move into legal mirrors what happened in accountancy a decade ago - starting small before rapidly scaling once investors see proven success. “There’s a level of investor interest we’ve never seen before in the legal sector,” he says.We talk about what this means for firms of all sizes - from smaller players under pressure to consolidate, to elite firms exploring capital as a growth tool. Morley breaks down how deals are structured, where money would actually go, and why capital brings more than funding.He also reflects on the limits of the partnership model in funding innovation - and why looming tax and structural changes could accelerate a shift towards more corporate-style models. His message for firm leaders: whether or not you plan to take investment, you need to understand the forces driving it. Chapters00:01 Introduction01:30 Introduction to David 03:06 Navigating the Financial Crisis07:14 Lessons from Crisis Management10:07 The Rise of External Investment in Legal12:50 Changing Perceptions of Legal Investments17:00 Market Dynamics and Future Trends in Legal Investments23:23 The Competitive Landscape of Law Firms24:19 Investment Opportunities in Legal Sector25:25 The Role of Private Equity in Law Firms29:43 Innovative Business Models in Legal Services33:54 Understanding Private Equity Investments37:34 Strategic Use of Capital in Law Firms39:44 Private Equity vs. Traditional Financing42:35 Future Trends in Legal 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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• The $20m law firm partner: Headhunter Siobhán Lewington on the battle for Big Law talent

  In this episode, Siobhán Lewington, partner at leading legal headhunter Macrae, joins us to unpack what’s driving the lateral partner market in London. A former Allen & Overy and Arthur Cox lawyer, Siobhán has more than two decades advising firms on partner hires and team moves giving her a unique view into how City law has changed.She explains how the market has evolved from the “gentlemen’s agreement” era - when Magic Circle firms avoided poaching from one another - to today’s fiercely competitive landscape dominated by US players. We explore why private capital remains the engine of London’s growth, and what makes a truly competitive platform: from tax and competition support to leverage finance and associate bench strength.Siobhán also breaks down the New York-London axis, the growing wave of transatlantic mergers, and how firms are positioning themselves in the race to join the global elite. She shares why money alone doesn’t move partners, the real purpose behind multi-year guarantees, and how firms can better integrate lateral hires for long-term success.Finally, Siobhán offers advice for partners weighing a move - from identifying push and pull factors to finding a genuine sponsor at any prospective firm. Packed with insight on talent strategy and firm identity, this episode is a must-listen for anyone interested in the current state of the London market.Find out more about Macrae at their website: https://www.macrae.com/Chapters00:01 Introduction01:00 Introduction to Siobhan and Macrae02:05 Transition from Law to Recruitment03:23 Evolution of the London Recruitment Market07:03 Current State of the London Private Equity Market11:00 Concentration Risks in Private Equity13:52 The Changing Landscape of Law Firms16:26 Growth Areas Beyond Private Capital19:48 Litigation Market Dynamics21:53 The New York-London Axis22:15 Mergers and the New York-London Axis28:34 The Mechanics of Partner Moves40:09 Advice for Partners Considering a Move43:28 Strategies for Firms to Attract TalentAbout 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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