This work introduces a novel prescription for the expression of the thermodynamic potentials associated with the couplings of a Lanczos-Lovelock theory. These potentials emerge in theories with multiple couplings, where the ratio between them provide intrinsic length scales that break scale invariance. Our prescription, derived from the covariant phase space formalism, differs from previous approaches by enabling the construction of finite potentials without reference to any background. To do so, we consistently work with finite-size systems with Dirichlet boundary conditions and rigorously take into account boundary and corner terms: including these terms is found to be crucial for relaxing the integrability conditions for phase space quantities that were required in previous works. We apply this prescription to the first law of (extended) thermodynamics for stationary black holes, and derive a version of the Smarr formula that holds for static black holes with arbitrary asymptotic behaviour.
