The most common and most likely answer to this crossword clue is the 7 letter word WIN-WIN
I've seen this crossword clue in The Guardian
W
I
N
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W
I
N
Buddy explains!
The straight part
We know that "This situation benefits us both" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case this situation benefits us both = win-win.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does WIN-WIN mean?
WIN-WIN noun- A situation that benefits both or all parties, or that has two distinct benefits
- (of a situation or outcome) That benefits both or all parties, or that has two distinct benefits.