Legal spend

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Legal spend as a great instance of the formal/informal distinction Monolithic item on the balance sheet — in 2010 Barclays spend x bn on external legal spend and £800m on internal legal spend — Administrators, const controllers can’t help seeing it as a monolithic thing, absent of any context. But it is lots of little costs have context. in each case the spend is justified by its context, which is never apparent from the executive suite