Rise of the legal CFO

Posted on 26 February 2019

Rise of the legal CFO

A law firm’s chief financial officer (CFO) plays a markedly different role than just a decade ago. Far from being a narrow-minded number cruncher, CFOs are now expected to engage with business-wide challenges using a diverse skillset. As the role expands, so will the influence that CFOs hold in the C-suite.

Against the backdrop of instability, our clients are often looking to have one trusted adviser for multiple needs. Being able to cut through that noise, and offer a safe pair of hands and calm guidance is invaluable,” says Kevin Gold, managing partner at Mishcon de Reya. “Clients seek the security of an expert or a team of experts that understands them and their business, appreciates the privilege of being their clients’ lawyers and will fiercely guard their interests.”

CFOs and the finance function must be open to the radical technological changes that are afoot. These changes must be navigated while remaining grounded in a firm’s DNA – in our case, our core values – to preserve the culture of the organisation. Those that can adapt and embrace the benefits that technology can bring, while retaining what works well, will come out on top.”

Read the full article in Raconteur here.

 

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