CFOs confident about economy, worried about Affordable Care Act

Survey reveals CFOs' outlook for the year

Though chief financial officers are feeling confident about the economy, they are not without concerns, according to Bank of America Merrill Lynch's 2013 CFO Outlook Mid-Year Update. Unsurprisingly, the uncertain impact of the Affordable Care Act is foremost in CFOs' minds, and they are also concerned about revenue growth.

But there's good news as well—the majority of CFOs predict the economy will expand, and many companies plan to add employees this year. Here are some of the key findings from the survey:

58/100 The average score CFOs gave to the U.S. economy, up from 49 in late 2012

55% CFOs who expect the economy will expand this year, up from 39 percent in the previous survey

70% CFOs who ranked health care among their top business concerns for 2013—no other issue got more than 50 percent of CFOs ranking it as a significant concern.

42% CFOs who ranked revenue growth among their top business concerns—the second highest after health care.

48% CFOs who expect their companies to hire more employees this year.

For more facts and figures about the legal industry on InsideCounsel, see below:

Survey reveals murky ethical compass on Wall Street

61% of GCs unsatisfied with law firm rates

U.S. employers adjust to current economy, identify concerns, new study says

Facts & Figures: Litigation driving hiring at law firms, legal departments

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