Operational and Financial Acumen Questions

Demonstrate understanding of how financial and operational decisions affect legal priorities and resourcing. Topics include reading profit and loss statements, managing budgets and outside counsel spend, prioritizing work based on business impact, allocating team resources, defining service level expectations, tracking key performance indicators for legal work, implementing legal technology and process improvements, and making cost benefit trade offs between speed and risk. Provide examples where you optimized spend, improved cycle times, or introduced metrics that increased legal function effectiveness.