Let’s talk about money, and monitoring legal spend. There are very few legal projects where money is not a major factor. If the reputation of the product or company is at stake, or if a hostile takeover bid is to be defeated, then those core goals might trump all other considerations. But those projects are few and far between.

Even ‘bet the farm’ projects are essentially about money. For the most part, within the legal projects that make up our livelihood, money is part of the problem and also part of the solution. How much is at stake, and of course, how much are we spending in pursuit of it. The latter, sometimes known as cost burn, is a must monitor item for lawyers.

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