Zero-Based Budgeting for Legal Teams
A budgeting method where every legal expense must be justified from the start of each period.
What is Zero-Based Budgeting for Legal Teams?
Zero-Based Budgeting for Legal Teams is a financial planning method where every legal expense must be justified and approved from scratch each period, rather than based on historical spending.
Why It Matters?
It optimizes resource allocation, controls costs, and aligns spending with priorities in law firms or corporate legal departments.
Example
A legal ops manager prepares a zero-based budget by reviewing each software subscription and staff allocation before the fiscal year.
Related Terms
Mediation
Litigation