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Legal Definitions - benchmark

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Law school is a lot like juggling. With chainsaws. While on a unicycle.

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Definition of benchmark

Definition: A benchmark is a standard unit that is used as a basis for comparison.

Example 1: In the world of finance, the S&P 500 index is often used as a benchmark to compare the performance of different investment portfolios.

Example 2: In the field of computer hardware, benchmark tests are used to compare the performance of different processors or graphics cards.

These examples illustrate how a benchmark is used as a standard unit of measurement to compare different things. In finance, the S&P 500 index is used as a benchmark to compare the performance of different investment portfolios. In computer hardware, benchmark tests are used to compare the performance of different processors or graphics cards. By using a benchmark, we can easily see which option is better or worse than the others.

A lawyer is a person who writes a 10,000-word document and calls it a 'brief'.

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Simple Definition

Benchmark: A benchmark is a standard unit that is used to compare things. It helps us understand how good or bad something is by comparing it to a known standard. For example, if we want to know how fast a car is, we can compare its speed to the benchmark of the speed limit on the road. This helps us understand if the car is going too fast or too slow.

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If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.

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Study hard, for the well is deep, and our brains are shallow.

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