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The Role of Law Firm Treasurer
Recently, we had the opportunity to spend time with two executives, Jeff Hohner, Treasurer for Kirkland & Ellis, LLP and Rick Nietsch, Treasurer of White & Case LLP. These two men are at the forefront of managing the increasingly complex and global fiscal requirements of today's leading law firms.
It should come as no bold revelation that the financial management requirements of law firms continue to grow more complex. As the demands of comprehensive fiscal management became more intricate, law firm managing partners, CEOs, and CFOs have recognized the importance of bringing corporate expertise and structure to law firm management. Over the past decade, there has been an increasing influx of managers and executives from the corporate world as a result of or in response to the changing business environment in which law firms operate.
Hohner and Nietsch are perfect examples of the trend in law firms to look for executive talent outside the legal industry. Hohner has been with Kirkland & Ellis for a little less than a year, coming to the firm with experience as Treasurer of Arthur Andersen LLP. Nietsch joined White & Case more than two years ago, having served as Treasurer of a $2 billion dollar NYSE manufacturing company.
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