With investor interest in the legal sector accelerating, private capital is becoming an increasingly important topic for law firm leaders.In this Spotlight conversation, Jonathan Benjamin sits down with David Morley, former Managing Partner and Executive Chairman of Allen & Overy, to explore what private capital investment could mean for law firms. David co-founded Dejonghe & Morley, , a strategic advisory business for law firms and investors, alongside Wim Dejonghe, former Global Senior Partner of Allen & Overy and the architect of the landmark A&O Shearman merger, one of the most significant and complex law firm combinations in recent history. While the conversation explores the growing role of private capital, including how it can help “turbocharge” firm performance and reshape traditional partnership models. It also reflects the broader Spotlight theme of leadership. David shares his experience of leading Allen & Overy, his genuine passion for the role and the people within the business, and the influence of his early mentor in shaping both his leadership style and long-term vision for the profession. The discussion also looks ahead to the future of law firms and why those that embrace change, invest in talent and evolve into more multidisciplinary businesses are likely to be the ones that succeed in an increasingly competitive market. For Managing Partners and leadership teams considering growth, strategy and long-term positioning, this is a conversation very much worth having.