Plaintiffs attorney Glen Lerner joins the podcast to discuss the business mechanics of running a national law firm and the growing influence of private equity in the legal sector. Glen also discusses his early career trajectory, the partnership dynamics that helped build his national brand, and the transition from viewing a law practice as a traditional law firm to operating it as a scalable business.
The conversation covers the structural use of Management Service Organizations (MSOs) to facilitate non-lawyer investment and operational support, specifically detailing Lerner's recent strategic equity transaction with Atticor. Lerner also analyzes the economics of the personal injury market, noting the significant increase in case acquisition costs. Finally, the episode explores the Lexamica legal referral platform and Lerner's predictions on how artificial intelligence and artificial intelligence will contract the plaintiff's claims market over the next decade.
Things We Talk About in this Episode