Demystifying the MSO: Trisha Rich

Legal Services Transactions attorney Trisha Rich was featured on an Original Jurisdiction podcast episode all about management service organizations (MSOs) in the legal industry. Trisha begins by tracing her career path from studying philosophy prior to law school to focusing on legal ethics analysis as a lawyer now before diving into MSOs: what they are, how they are formed and why they are becoming so popular. She describes the history of MSOs as a succession-planning vehicle, one that extends back decades and across industries, and shares that the push for capital for lateral growth or technological investment is one of the main drivers behind their entrance into the legal profession. She additionally describes different characteristics of MSO models beyond the traditional private equity investor thesis and explains how these structures are designed to comply with existing law firm ownership and fee-sharing restrictions. She also highlights increased interest from practices beyond personal injury and even large law firms, which could make for major moves in 2027.

Duration: 48:18