A flight leg is basically flight from one point to another point, (I'm not sure if flight leg number increase with touch and go around). I would like to know more about flight leg under what all conditions usually it increases and when it is reset.
Also, most important why is it so important for an aircraft/airlines because usually it is 1 or 2 flight leg per travel. From what I know, flight leg is most important parameter in case of recording or storing data in NVM but I believe flight phase should be sufficient enough.