AVAILABLE ON
Episode 03

From punk rock to general counsel: Louis Shansky on building modern in-house legal teams

AVAILABLE ON
Episode 03

From punk rock to general counsel: Louis Shansky on building modern in-house legal teams

Key insights

1. Punk rock logistics are the foundation of operational lawyering.
Louis credits his years on the road for his "forward-thinking instincts". Just as a band must account for missing microphones or van space, an in-house lawyer must ask how a product feature will actually work on the back end, before it hits the market.

2. The "Core Competency Plus" hiring model.
When building a lean startup legal team, Louis looks for "subject matter expertise" that matches the company's biggest risk (e.g., consumer regulatory) but pairs it with a "nimble mind". This way, specialists can handle their core area with confidence while “flexing” into HR or commercial issues as needed.

3. AI is the death of "rote" billable hours.
Louis highlights that rebranding tasks, like updating 50 disclosures, now take 15 minutes via LLMs instead of hours of manual associate work. He is of the opinion that law firms must adapt their billing credibility because clients now know these mechanical tasks can be automated, forcing firms to emphasize high-level advisory value instead.

4. Actionable advice requires risk-adjustment.
The biggest hurdle for lawyers moving in-house is the shift from "academically correct" answers to "practical, actionable advice". Louis emphasizes that GCs must calibrate whether a legal issue is an "annoyance" or an "existential threat" to provide solutions the business can actually implement.

5.Closing insight.
 In the in-house world, the "neat fit" of the law must give way to the "messy logistics" of business. By automating the rote and hiring for resilient, nimble minds, a GC can lead a four-person team that punches far above its weight class.

In this podcast, we cover


00:00 Introduction
01:07 Louis Shansky on leading the global legal function at Tilt and overseeing multi-jurisdiction operations
02:12 Early career motivations: music, logic, and choosing law school later than peers
04:06 Lessons from touring as a punk rock musician and how logistics shaped operational thinking
10:24 Entering Big Law during the securitization boom and learning structured finance on the fly
12:35 Experiencing the 2008 financial crisis inside a capital markets practice
16:51 Surviving Big Law layoffs and carving out value through diligence and adaptability
25:09 Why success in Big Law led to partnership—but not long-term fulfilment
30:27 Moving in-house at a FinTech startup and leveraging niche expertise to reduce risk
33:09 Learning to recalibrate legal advice for business realities and risk tolerance
37:13 How Louis builds lean in-house legal teams around core business risks
44:26 Legal operations without headcount: tools, efficiency, and rolling up sleeves
49:50 AI’s role in automating legal workflows and reshaping law firm value
56:40 Rapid-fire round

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