Richard Cripps: Navigating Partnership, Acquisitions & Pressures
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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 Intro
02:28 Why Richard became a solicitor & growing up
07:10 Where he trained & his first job
08:48 What partnership was and is now
10:56 Taking partnership for the first time & joining Rix & Kay
12:28 Differences between Managing Partner (MP) & Managing Director
15:04 The challenges of being a MP - wearing lots of hats
20:10 Why mid size solicitors are having to adapt
23:20 What a Solicitors fall back position of comfort is
24:12 How the market has changed for Soliciting businesses
27:40 Richards thoughts on AI in Law
31:40 The process of Rix & Kay being acquired
37:00 Toughest challenge faced as MP
39:11 Why Richard joined Vistage & the benefits
43:57 Life as a Partner at Knights - how Richard managed the change
45:54 How Richard switches off
50:00 Advice for anyone striving for senior roles in Law
53:05 Quickfire Questions
1:00:05 Outro
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