Andy Kvesic

In this episode, Ted sits down with Andy Kvesic, CEO of Aprio Legal, to discuss how alternative business structures, non-lawyer ownership, and private capital are challenging the traditional law firm model. From bringing multidisciplinary professional services under one roof to funding the technology and talent firms need to compete, Andy shares his expertise in alternative business structures, law firm growth, and legal industry transformation. As AI increases the capital required to build the law firm of the future, this conversation explores whether traditional ownership structures can provide the investment, incentives, and flexibility firms will need to keep pace.

In this episode, Andy Kvesic shares insights on how to:

• Use integrated professional services to create a more seamless experience for clients
• Understand the differences between ABS and MSO models, including their ownership and regulatory structures
• Leverage outside capital to invest in technology, talent, infrastructure, and long-term growth
• Create stronger incentives and enterprise value through alternative ownership models
• Navigate ethical considerations, conflicts, and regulatory requirements as law firm ownership evolves

Key takeaways:

• Alternative business structures allow non-lawyers to own part of a law firm, while Arizona’s ABS framework places regulatory and compliance requirements on the firm itself.
• Outside capital can give firms access to technology, infrastructure, talent, and growth resources that can be difficult to fund through traditional partner capital.
• Traditional law firm economics can discourage long-term investment when partners prioritize annual distributions or have different retirement and career horizons.
• Equity with long-term enterprise value can create different incentives than the traditional partnership model, helping align lawyers and business professionals around institutional growth.
• As AI changes legal service delivery, Andy expects clients, technology investment, and competitive pressures to contribute to continued interest in alternative ownership models.

About the guest, Andy Kvesic

Andy Kvesic is the CEO of Aprio Legal, where he leads the firm’s approach to innovative legal service delivery and integrated professional services. A pioneer in non-lawyer ownership and Alternative Business Structures, Andy advises law firms and professional services organizations on ABS formation, regulatory compliance, and ethical considerations, and serves on the Arizona Supreme Court’s Committee on Alternative Business Structures and Attorney Regulation Advisory Committee.

The clients think, ‘I know what I know what a gallon of milk costs, I know what a vehicle costs, I know what a home costs, but then I go to my lawyer’s office and I have no idea. And he or she doesn’t know either. And then I get a surprise bill.’ Things are going to come to a head.

Connect with Andy:

• Website: https://legal.aprio.com/ 
• LinkedIn: https://www.linkedin.com/in/andy-kvesic-01b1ba7/