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In this episode of In Vista Veritas, host Heather Carroll engages with CFOs Rebekah Stevens and Gabriel Stiritz to explore the critical role of financial leadership in law firms. They discuss the diverse paths to becoming a CFO, the evolving responsibilities of the role with the advent of technology, and the importance of transparency and accurate data in financial management. The conversation also delves into budgeting strategies for law firms, emphasizing the necessity of having a financial plan, regardless of the firm's size. The episode concludes with insights on leveraging technology for efficiency and the future of CFO roles in the legal industry.
00:00 Introduction to the CFO Role
03:41 Diverse Paths to Becoming a CFO
06:31 The Evolving Role of CFOs in Law Firms
09:27 The Importance of Data and Technology
12:26 Transparency and Financial Management
15:21 Budgeting: Planning for Success
18:15 The Role of Technology in Accounting
21:06 Risk Management and Financial Controls
23:49 The Importance of Communication in CFO Roles
26:43 Final Thoughts on CFO Responsibilities
