Budgeting for Growth

“I want the legal department budget to grow at the same rate as the company.” – No CFO ever

Since the legal function is not perceived as directly tied to revenue growth, your company doesn’t want legal spend to grow linearly with other operating costs of the company. With 2024 budgeting season upon us, this means that your challenge is to ensure you have enough budget to support the company without burning out your team.

In this Lexion webinar, you’ll learn from experienced in-house leaders about how to set a legal department budget and manage resources, all while meeting business needs and scaling your team. We’re sharing real life stories of wins and lessons learned—so you don’t have to learn the hard way!

Here are some key takeaways:

• Tactics to ensure the legal team is sufficiently resourced
• Strategies to get support (especially from the CFO) for headcount or technology
• Adaptions for using temporary resources and technology to cover overflow and scale