Many legal departments are moving away from rigid budgeting systems and are instead embracing more dynamic approaches that can adapt to the rapidly changing business landscape.

“The demands on legal departments have evolved. Traditional corporate budgeting approaches can feel like dinosaurs in a world demanding legal departments perform like gazelles: fast, responsive and ready to pivot,” said Jason Winmill, chair of the Buying Legal Council, an international organization that provides education, networking and research to professionals who source legal services and legal technology.