Conservative powerhouse Leonard Leo tells Axios that he'll step aside from the daily running of the Federalist Society to focus on a new venture inspired by Arabella Advisers on the left that will funnel big money and expertise across the conservative movement.

Why it matters: Leo is considered one of the most powerful conservatives in the country, playing a key role in shaping President Trump's selections for the Supreme Court and raising hundreds of millions of dollars to fill the nations courts with conservative judges.

Behind the scenes: Leo told Axios that he and his business partner, conservative communications executive Greg Mueller, studied tax filings that led them to Arabella, a little-known yet powerful consulting firm that advises liberal donors and nonprofits about where to spend their money.

Leo and Mueller told Axios that after studying Arabella's structure they were impressed and saw the opportunity to build a replica on the right.

Between the lines: The new venture will go beyond the anonymous money networks they've already built and weaponized in the conservative legal movement movement.

Go deeper:

Read this article:

Leonard Leo to shape new conservative network - Axios