The spelling of the phrase "have leg" may seem straightforward, but it actually involves some tricky phonetics. The pronunciation of "have" includes the phoneme /hæv/, where the "h" is silent and the "v" sound is voiced. Meanwhile, in "leg," the "e" makes a short /ɛ/ sound, and the "g" is pronounced as a soft /dʒ/. So, the IPA transcription of "have leg" would look like /hæv lɛdʒ/.