Our Co-founder, Shulin Lee, recently shared her thoughts with The Business Times - on the role of CFOs and COOs in law firms. In a rare move made within the legal circle, Singapore law firm Oon & Bazul just appointed their GM and business development head as an equity partner.
In order for a managing partner to be an effective lawyer, run his/her own practice and simultaneously ensure the law firm is profitable; it is crucial to have the support of a solid chief financial officer or chief operating officer. And if this CFO and COO is able to go one step further, and help manage the business as well, it would make commercial sense to promote the person into the partnership.
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