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As legal departments across the country wrap up budgeting season, one thing has become clear: the volatile economy and potential recession have had a profound impact on the way CFOs, GCs, and other legal leaders are approaching spend in 2023. While most GCs typically prefer Precedent-Based Budgeting or incrementalism, many have had to turn to Zero-Based Budgeting as they prepare for a possible economic downturn. What other trends have emerged out of this year’s budgeting season, and how will these trends impact legal departments in 2023?
Tune into the Higher Bar on Wednesday, November 30th as Zach Abramowitz, Killer Whale Strategies Founder and legal startup investor, explores key trends and their impacts, how turning instead to Agility-Based Budgeting can help empower GCs as they navigate a volatile economy, and more.