Strategic Pricing Manager
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Top global law firm is seeking a Strategic Pricing Manager to join their NY office.
7+ years of work experience working specifically with Litigation practices, creating AFA models; Minimum 3 years of Legal Pricing or Legal Project Management Experience (required)
In this capacity, the Manager, Strategic Pricing - Litigation Practices will:
* Develop Pricing Strategies
* Design and implement innovative pricing strategies tailored to various practice areas and client segments, ensuring alignment with business objectives and market dynamics.
* Financial Analysis
* Conduct comprehensive financial analyses to evaluate profitability, pricing trends, cost structures, and revenue opportunities; and
* Provide actionable insights to enhance financial performance and efficiency.
* Client Profitability Analysis
* Analyze client profitability and lifetime value to inform pricing negotiations and client retention strategies; and
* Identify opportunities to improve client engagement and profitability.
* Competitive Intelligence
* Monitor competitor pricing strategies and market trends to identify opportunities and threats; and
* Recommend adjustments to pricing approaches based on competitive analysis.
* Data Modeling and Forecasting
* Develop predictive models and financial forecasts to support pricing decisions and strategic planning; and
* Utilize statistical methods and tools to analyze data and derive meaningful insights.
* Collaboration and Leadership
* Collaborate with partners, attorneys, and firm leadership to educate and influence stakeholders on pricing best practices and strategies; and
* Lead cross-functional teams to implement pricing initiatives effectively.
* Technology and Tools
* Evaluate and implement pricing analytics tools and technologies to enhance the efficiency and effectiveness of pricing processes; and
* Stay updated on industry advancements in pricing and analytics and recommend improvements to existing tools.
Proficiencies:
* Exceptional analytical skills with proficiency in financial modeling, statistical analysis, and data visualization tools (e.g., Excel, PowerBI, Tableau, SQL);
* Advanced PowerPoint and presentation skills are essential;
* Knowledge of legal industry dynamics, billing practices, and client engagement models;
* Excellent written and verbal communication skills required - with the ability to influence and collaborate across all levels of the organization; and
* Proven track record of leading projects, leading people and driving change initiatives.
Qualifications:
* Bachelor's degree in Finance, Economics, Business Administration, or a related field;
* An advanced degree (MBA) is preferred;
* Minimum 3 years of Legal Pricing or Legal Project Management Experience (required); and
* 7+ years of work experience in any of the following areas: Legal Pricing, Pricing Analytics, Financial analysis, or Management Consulting.