Richard Cripps: Navigating Partnership, Acquisitions & Pressures

This week, Steve chats with Richard Cripps about life as a solicitor, the challenges of being a Managing Partner, and what it was like navigating the acquisition of Rix & Kay. Discover the differences between a Managing Partner and a Managing Director, hear how Richard balances pressure with leadership, and why some of the hardest decisions were also the right ones for the business.00:00 Intro02:28 Why Richard became a solicitor & growing up07:10 Where he trained & his first job08:48 What partnership was and is now10:56 Taking partnership for the first time & joining Rix & Kay12:28 Differences between Managing Partner (MP) & Managing Director15:04 The challenges of being a MP - wearing lots of hats20:10 Why mid size solicitors are having to adapt23:20 What a Solicitors fall back position of comfort is24:12 How the market has changed for Soliciting businesses27:40 Richards thoughts on AI in Law31:40 The process of Rix & Kay being acquired37:00 Toughest challenge faced as MP39:11 Why Richard joined Vistage & the benefits43:57 Life as a Partner at Knights - how Richard managed the change45:54 How Richard switches off50:00 Advice for anyone striving for senior roles in Law53:05 Quickfire Questions1:00:05 Outro Hosted on Acast. See acast.com/privacy for more information.