By bringing a financial mindset to legal, CFOs can help drive value for the business. To help finance and legal teams bring a value-generating mindset to the legal department and help CFOs benchmark their organizations’ success in this area, Burford Capital commissioned research with senior financial officers in the US, the UK and Australia: The 2021 Legal Asset Report.
What does new research tell us about how CFOs view legal?
Burford's Greg McPolin is a Managing Director with responsibility for Burford’s North American origination and business development efforts. In this video, he explains what Burford's latest research—the 2021 Legal Asset Report—tells us about how CFOs view legal:
- 59% of financial officers believe legal claims are assets because they represent future cash flow
The majority of financial officers report that finance exerts control over key areas of the legal department
75% of large-company financial officers reported unenforced judgments worth $20-$100 million in 2020