Axiom General Counsel Ashlin Quirk, left, and Chief Financial Officer Eric Bouchard, right. Courtesy photos Why Cross-Functional Collaboration Between Legal and Finance Is Critical
Executives at new law provider Axiom contend that synergy between the departments not only mitigates risks but also fosters a culture of accountability and innovation within an organization.
April 17, 2024 at 06:33 PM
5 minute read
What You Need to Know
- Legal and finance should be aligned, particularly when it comes to budgetary considerations and risk mitigation.
- Axiom's GC and CFO have regular communication to foster transparency and proactive planning.
- The pair are both relatively new to the organization, both having arrived within the past year.
A company's legal department is often considered a cost center, and in businesses that have higher risk for litigation, legal costs can put the entire business at risk. For this reason, it is important for legal and finance to be aligned, particularly when it comes to budgetary considerations, executives at new law provider Axiom said in a recent conversation.
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