Work with the Director of Pricing & LPM to develop best practices for the evaluation and negotiation of alternative fee arrangements (AFAs), annual fee increases, and value-based billing arrangements
Generate suggested AFAs for proposed engagements while modelling the related financial metrics to project and target desired profitability results
Generate and promote AFA options for client proposals
Analyses impact of client rate arrangements including financial modelling and impact analysis of alternative rate scenarios on the firm and client
Develop modelling for "what if" scenarios to be used in pricing matters, including staffing and leverage variables
Support the attorneys, practice groups, and other business professionals to draft the financial and pricing responses to client RFP submissions
Ensure that billing rates are set to maximize profitability with appropriate consideration of DE&I, practice mix, and market realities as well as compensation and other costs
Shepherd the approval process for pricing requests, provide decision support analysis and advising firm leadership on pricing arrangements
Ensure all significant pricing and fee arrangements, including client wide agreements and AFAs requests are stored in a central repository
Develop procedures for capturing, centralizing, and making the relevant information available to partners
Improve AFA tracking, monitoring, analysis, and management
Develop and implement tools and processes for efficiently mining on our past engagements and predictive modelling
Develop high level project/matter planning and phase / task level techniques to help scope, price and staff matters
Monitor and anticipate budget overruns, alert partners, and suggest recommended solutions; develop budget tracking tool; maintain and update budget database; make recommendations about alternative ways to manage matters effectively within budget constraints
Develop and incorporate project reporting to monitor performance of project/matters against budget
Partner with IT to develop innovative approaches that help improve the efficiency and profitability of project/matters
Requirements
5-7 years of experience in pricing, LPM and related analytics within a law firm and/or in-house legal operations department required
Bachelor’s degree in finance, accounting, statistics, or equivalent practical experience required
Excellent interpersonal and communication skills (oral and written)
Excellent analytical and problem-solving skills; ability to assess management needs and craft innovative solutions to meet specific Firm and client objectives
working knowledge of Redwood Analytics or other Online Analytical Processing ("OLAP")/dimensional based software and Aderant billing system
Cloctimizer, Litera Solutions, Foundations, and MS SQL a plus
Strong dashboard modeling skills with knowledge of various analytics and data platforms (e.g., Power BI, Tableau, Sequel Server Reporting Service, database hierarchies, etc.)
Tech Stack
SQL
Tableau
Benefits
comprehensive medical (PPO and HDHPs), dental and vision plans including coverage for domestic partners
life and AD&D insurance
short and long term disability insurance
tax-advantaged accounts for health care expenses, including FSAs and HSAs
FSAs for dependent care
health advocacy services
behavioral health and counseling resources for all family members
401(k)
profit sharing
backup dependent care
senior care planning support
resources for individuals with development disabilities and their caregivers
paid holidays and other paid time off, including paid leave for new parents