Not funding the Porsches and Divorces of the Senior Partners - Lindsay Healy founder of Aria Grace

Karmic Capitalist - businesses with purpose

A company that makes lawyers wealthier? On the Karmic Capitalist podcast?

Have I sold out?

Stay with me. This law company, Aria Grace, intentionally does the following:

1. It offers a legal service on a par with the large law partnerships for less cost to its clients
2. It pays the lawyers nearly treble the portion of the fees than in traditional firms
3. It donates ALL of its profit to charity
4. It tackles the lack of diversity in the legal profession

Lindsay Healy has created a truly disruptive model for law firms with Aria Grace. He does away with the traditional model's payment of 1/3 of fees to partners, 1/3 to the company and 1/3 to the lawyers, and instead gives 90% of the fees to the lawyers, with the remaining 10% paying for the running of the company, and all profit going to charity.

As a result of its work, Aria Grace won The Lawyer Awards' "Law Firm of the Year 2023" award.

This is the legal equivalent of Best Movie at the Oscars. Which I guess makes Lindsay law's Leonardo di Caprio. Without the sleaze.

(Allegedly, Lindsay, allegedly!)

Lindsay has a real issue with the existing model for law firms.

--- Feudal and the worst of capitalism. Inflated fees paying for the "Porsches and divorces" of the partners.

--- Hugely unequal distribution of wealth. He talks a lot about Aria Grace's core concept of "wealthshare".

--- Elitist and exclusionary. "What we don't want is a law firm that looks like me full of people like me because that's what your typical city law firms look like. We want a law firm that looks like the UK, reflective of all the cultures and the creeds and the denominations... We have pretty much every type of culture you can wave a stick at, and that's pretty cool."

What he's building with Aria Grace is challenging all of these precepts and creating a new, and rapidly growing model.

He talks me through this in this fascinating episode, punctuated with many a pot-shot at billionaires and partners, which makes it as fun as it is stimulating.

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