Many publications have examined the rapidly evolving role of the chief legal officer (CLO) from legal advisor to business advisor as well as their broadened responsibilities, from risk management to government affairs to other functions. These trends are attributed primarily to the CLOs’ increased business acumen and their role as a strategic thinking partner. This article does more than describe what is happening; it goes further by explaining why it is happening. Importantly, the CEO and CLO need to act on the opportunities of this evolution. The underlying impetus of this positive development rests primarily with the concept of “common purview” — a holistic view of the business shared between the roles.