How do general counsel set a legal technology budget?
Insights into setting a budget for corporate in-house counsel
About this Highlight
What you'll learn in this webinar highlight 👇
- How to plan for ordinary events and unplanned expenses in a legal department budget
- How to think about materiality of expense in your corporate legal tech budget
- What's most helpful when engaging in the legal department budgeting process
- Why your department initiatives might be out of luck and how to avoid being there
Great Insight into Budgeting for Legal Teams 💪🏼 👇
Top Quotes from this Webinar Highlight
How do general counsel set a legal technology budget?
How do you look at your legal department budget?
Yeah, so I, I think like when I look at my budget, I separate out like the black Swan events. So transaction or major security incident, or, you know, two things that I've experienced in my short three year tenure.
What do your managers care most about when presenting a legal department budget?
Now, all they care is that it gets done properly. Um, but on the day to day, uh, and kind of the things you can control, what I found. Most helpful is to be intimately involved in the budgeting process.
How important is the corporate legal department budget plan?
The plans is essential because when the budget process happens and at least the companies I've been to I've been at anything could happen. So you don't know whether your board is going to approve a little bit, in our case, you know, we've had some great growth years during COVID and everything has gotten approved.
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