Pricing and Commercial Insights Manager (Law Firm) - #2165860

Our Client is a global law firm, advising clients across locations in the United States, Europe, Canada, Latin America, Asia, Australia, Africa and the Middle East.

The Role

The Manager of Pricing and Commercial Insights will support on the development and execution of the firms pricing agenda ensuring the necessary benchmarking, analytical tools and capabilities exist to support firm and finance departmental strategies.

You will be an experienced pricing professional, with strong communication and soft skills, able to work effectively with internal and external stakeholders alike.

Key Responsibilities

• Advise Partners of ways to maximise the value of client relationships through different pricing techniques, modelling the financial impact and viability of proposed pricing arrangements and challenging key decision makers when appropriate. Supporting Partners with client facing engagements where needed
• Business partnering with Client Relationship Partners and the Client Development team to provide financial and commercial support, plan deployment and investment to help drive profitability
• Providing senior finance support on commercial improvement projects across EMEA when and as required
• Maintaining a high level of visibility in serving as one of the firm’s subject matter experts for pricing and commercial related matters
• Supporting pricing team promotional efforts including presentations to key stakeholders to increase internal adoption and market awareness. Encourage broader and better use of the Firm’s tools to develop more profitable and consistent pricing approaches
• Supporting on the provision of education to stakeholders involved in pricing proposals and approvals, advancing pricing as a strategic tool to build and enhance client relationships
• Assist Partners in the development of budgets and monitoring against actual performance for matters, particularly complex litigation work where more detailed project management support may be required.
• The Pricing Manager will act as an advocate and agent for adopting effective legal project management discipline where necessary
• In conjunction with Commercial Finance colleagues, support on the annual review of standard rates to ensure profitability maximisation with appropriate consideration of practice mix and market realities as well as compensation and other costs
• Ensuring strong working relationships with other support functions, in particular Business Development leads to establish, promote and maintain policies and processes required for effective management of pricing for transactions, bids and panel appointments.
• Keep abreast of industry pricing practices, particularly for major competitors and assess key trends. Support in the development of pricing models and tools for legal services and monitor profitability and implementation of those models
• In conjunction with other business support professionals, provide advice to stakeholders in relation to improving matter financial performance through the provision of post matter financial analysis and associated pricing and business information

Skills and Experience Required

Essential:

• A minimum of 4 years relevant pricing experience,
• Strong commercial acumen and exceptional analysis and financial modelling skills.
• Excellent time management skills, able to manage stakeholders during times of conflicting deliverables.
• An ability to influence senior stakeholders and negotiate desired outcomes
• Strong presentation skills and experience in providing internal training
• A role model for junior staff who is committed to sharing knowledge and developing talent
• A collaborative team-player who is transparent and has a straight-forward approach. Experience of working with varied and cross-functional teams to deliver on business objectives.

Advantageous:

• Educated to degree level
• A deep understanding of legal products and services