{"podcast":{"title":"On The Merits","slug":"on-the-merits-2557762","podcast_index_feed_id":2557762,"rss_url":"https://feeds.megaphone.fm/BL7273559964","website_url":"https://news.bloomberglaw.com/podcasts/on-the-merits","image_url":"https://megaphone.imgix.net/podcasts/fb729090-1169-11ea-afa5-0f57b538bde2/image/352e95e75f9eb334924def3e6665b9ca.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Bloomberg Industry Group","episode_count":318,"summary":"On The Merits takes you behind the scenes of the legal world and the inner workings of law firms. This podcast offers in-depth analysis on the latest trends, challenges, and opportunities shaping the business of law and the legal industry overall. You'll gain insights into how the latest government actions, policies, and business developments are impacting the industry and hear from leading attorneys, legal scholars, industry experts, and our own team of journalists as they share their perspectives on the forces driving change.","last_synced_at":"2026-07-21T06:17:34.164714+00:00","page_url":"https://stenobird.com/podcast/on-the-merits-2557762"},"episode":{"title":"John Quinn Warns of Generational Clash When Firms Get Investors","slug":"john-quinn-warns-of-generational-clash-when-firms-get-investors","published_at":"2026-03-31T19:18:00+00:00","page_url":"https://stenobird.com/podcast/on-the-merits-2557762/john-quinn-warns-of-generational-clash-when-firms-get-investors","show_page_url":"https://stenobird.com/podcast/on-the-merits-2557762","url":"https://traffic.megaphone.fm/BL3426837857.mp3","audio_url":"https://traffic.megaphone.fm/BL3426837857.mp3","summary":"Law firms bringing in outside investors is one of the hottest topics in the legal industry right now. John Quinn, founder and chairman of Quinn Emanuel Urquhart & Sullivan, says firms that want to take the cash need to figure out how to avoid alienating their younger attorneys. Non-lawyer investment isn't common yet in the US, but some firms are experimenting with different ownership models—especially as they consider the price tags on AI tools. Bringing in outside investment can help raise capital. It can also dilute the pool of profits that associates and younger partners were hoping they'd one day get to enjoy, Quinn said on our podcast, On The Merits. \"They have to be persuaded that that's in the long-term interest of the firm,\" he told Bloomberg Law reporter Roy Strom. \"But these are some awkward conversations. And it's a generational conversation.\" Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.","meta_description":"Law firms bringing in outside investors is one of the hottest topics in the legal industry right now. John Quinn, founder and chairman of Quinn Emanuel Ur…","key_points":[],"chapters":[],"topics":[],"duration_seconds":863,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/on-the-merits-2557762/episodes/john-quinn-warns-of-generational-clash-when-firms-get-investors/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/on-the-merits-2557762/john-quinn-warns-of-generational-clash-when-firms-get-investors.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}