How to Develop a Litigation Budget Variance Predictor for Corporate Legal Counsel

How to Develop a Litigation Budget Variance Predictor for Corporate Legal Counsel Accurate litigation budgeting is one of the top challenges facing corporate legal counsel today. Unexpected costs can derail strategic decisions and put strain on company resources. That's why developing a Litigation Budget Variance Predictor is no longer optional—it's a necessity. This post will walk you through exactly how to build one, the tools you'll need, and the best practices to follow. Table of Contents Why Litigation Budget Variance Prediction Matters Steps to Build an Effective Predictor Recommended Tools and Technologies Challenges and How to Overcome Them Further Resources for Legal Budgeting Why Litigation Budget Variance Prediction Matters Litigation costs are notoriously difficult to control. According to a survey by the Association of Corporate Counsel, unexpected litigation expenses are a leading concern for general counsels worldwide. Without a...