EP #83: There's No Way We'll Do That: Mark Wasserman on the Transatlantic Merger That Built Eversheds Sutherland
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EP #83: There's No Way We'll Do That: Mark Wasserman on the Transatlantic Merger That Built Eversheds Sutherland
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Mark Wasserman spent thirty five years building one law firm before staking his reputation on a bet almost nobody in the room believed in.
Host Chris Batz and co-host Howard Rosenberg of The Future is Bright sit down with Mark Wasserman, CEO Emeritus of Eversheds Sutherland, to unpack the law firm merger strategy behind one of the industry's most unlikely transatlantic combinations. Wasserman walks through why he initially dismissed the idea, what changed his mind, and why keeping separate profit and loss statements let the deal survive Brexit and a U.S. election in the same year.
The conversation moves quickly into what is reshaping the profession today. Wasserman explains why private equity in law firms keeps running into the same wall. Law firm non-competes let partners walk out the door with clients attached, and that reality changes what outside capital is actually willing to fund. He is candid about AI adoption in law firms too. Real trust between clients and firms has not caught up to the technology yet, he says.
Wasserman also opens up about Connexo, the alternative legal service providers model he helped build years before AI became a boardroom topic, and shares blunt advice on managing partner succession for leaders weighing their own law firm merger strategy. It's a conversation built on decades of pattern recognition rather than predictions.
Episode Breakdown:
00:00 Meet Mark Wasserman, CEO Emeritus of Eversheds Sutherland
01:54 Inside the Transatlantic Merger With Eversheds
08:33 Private Equity in Law Firms and the Non-Compete Problem
12:18 AI Adoption in Law Firms and the Trust Gap
20:13 Building Connexo as an Alternative Legal Service Provider
29:57 The Demand Signal That Shows the Old Model Is Breaking
Connect with Mark Wasserman:
Connect with Mark Wasserman
Know more about Mark Wasserman
Connect with Howard Rosenberg:
Connect with Howard on LinkedIn
Howard's Company web profile
Connect with Chris Batz:
Connect with Chris on LinkedIn
Follow Columbus Street on LinkedIn
Columbus Street Website
MergerWatch Website
Podcast production and show notes provided by HiveCast.fm