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The Legal Loop x The Legal MBA Podcast

James Markham

Darren and I were delighted to join Ohnais Basharat to kick off season 2 of The Legal Loop podcast.


In this special, two-part episode we discussed:


The Legal MBA Book


  • The story behind the book "The Legal MBA Essentials", which helps lawyers master the business of law.

  • It covers how law firms make money, how marketing, strategy and operations should integrate with each other, and the importance of consistency across these different elements of a modern law firm.

  • The book aims to fill the gap in business education for lawyers, which is not typically covered in law school or early stages of a training contract.


Leadership and Strategy in Law


  • Our discussion emphasises the distinction between leadership and management. Leadership is about doing the right things, while management is about doing things right.

  • A (frankly, over-extended) jungle-based metaphor is used to explain this distinction: managers are sharpening tools and optimising processes, while leaders are looking out for the right path to take.

  • Leadership requires breadth rather than depth, understanding how different areas of a law firm hang together.


Modern Skills for Future Lawyers


  • We highlight the importance of commercial awareness and practical understanding of how law firms operate as businesses.

  • We encourage junior lawyers to take ownership of their career paths, understand the business side of law, and develop skills that go beyond technical legal knowledge.

  • And we encourage people to lean into their 'unfair advantage'. For example, by hosting a podcast and perhaps calling it The Legal Loop 🙂


Innovation and Future of the Legal Industry


  • The final segment of the podcast focuses on innovation and the future of the legal industry.

  • We discuss the need for law firms to adapt to changes, embrace new technologies, and continuously improve their operations to stay competitive.

  • Junior lawyers have a great opportunity to embrace this change to accelerate their careers.


You can find out more about The Legal Loop here, and find Part 1 of the podcast here, and Part 2 here.



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