10 Steps to a Smarter In-House Legal Budget

The Legal Department budget pain point

We know that when it comes to that time of year, preparing an annual Legal Department budget is a thankless task. You must find a way to come up with a spending plan that tries to account for the both knowns and unknowns associated with providing legal services to your organization. 

With a smart framework, however, compiling the legal budget can be more than tedium and guesswork – it can be a powerful and thoughtful process for shaping the department you want to run: Slick. Savvy. Streamlined. 

Setting up your Legal Department Budget

We have developed a 10-step process for creating a legal budget to ensure your in-house legal team will be the most valued in your organization:

• How to account for the long-term strategy
• Properly planning the largest budget category - outside spend
• How to monitor your legal spend throughout the year

While every department, organization and accounting system are different, we have crafted this tool to provide you with a brilliant first draft for your discussions (and negotiations) with Finance.