Because the legal industry evolves, the delivery of legal services is becoming modern-day and sophisticated. Although an attorney is always made up of a number of lawyers, today’s lawyers employ a lot more non-lawyers in a variety of managing, professional, and administrative roles. Many of these positions require a completely different set of skills compared to lawyers.
Here is a breakdown and outline of the very most common non-lawyer roles in an attorney.
Chief Financial Officer (CFO)
The main financial officer is really a high-level financial manager. CFO roles mainly appear in the biggest firms, frequently individuals operating in a global level. With revenues at some lawyers reaching up to $1 billion yearly, savvy financial management is crucial. CFO’s direct and oversee the overall costs from the firm including accounting, forecasting, financial planning and analysis, budgeting, and financial reporting. CFO’s play a proper role in shaping the firm’s financial future and creating operating policies, exploring growth possibilities, and protecting the firm’s financial stability.