15. Cost Burn Against Progress Are Must Monitor Items for Lawyers

Monitoring legal spend involves looking at the money spent, sure, but it also has to take into account progress.

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Monitoring legal spend involves looking at the money spent, sure, but it also has to take into account progress — what stage are we in with a project and where are we on spending for that phase. Will the remaining expenditures match what was forecasted? Where are we versus where we should be at this moment in time?

For the most part, within the legal projects that make up lawyer 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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