Strategic Pricing Manager managing hands-on support and development of the pricing analyst team at Ballard Spahr. Collaborating with lawyers to develop value-based fee arrangements and strategic pricing tools.
Responsibilities
Serve as a key resource for pricing-related matters, providing coaching and support to lawyers and other involved in pricing proposals and approvals, and advancing pricing as a strategic tool to build strong client relationships.
Mentor, coach, and develop members of the Pricing team by offering ongoing feedback, supporting skill development, and facilitating professional growth opportunities.
Collaborate with Department Management and Practice Group Leaders supporting the development of proposals for billing rates in connection with our annual rate setting process.
Support the development and maintenance of platforms for evaluating billing rates using competitive benchmarking tools and internal profitability analytics.
Work closely with our recruiting teams to help determine appropriate salaries and rates for new fee earners.
Ensure billing rates are established to maximize profitability while aligning with peer firms.
Develop tools that analyze past investments, create tailored pricing strategies with accurate budgets, and compare actual profitability of alternative pricing arrangements.
Partner with lawyers to develop staffing plans and budget templates that support value-based fee arrangements for recurring projects.
Collaborate with lawyers, practice groups, marketing professionals, and financial management to prepare financial analyses and pricing responses for client RFP submissions.
Deliver training on pricing-related topics to lawyers and business professionals.
Requirements
A bachelor’s degree is required, with preference given to candidates who have studied Accounting, Finance, or Economics.
Applicants should have a minimum of seven years’ experience in finance-related disciplines, ideally including analytics within a law firm or professional service industry; prior experience managing a team is preferred.
Experience in a legal environment and a strong track record of supporting decision-makers and client-facing professionals on pricing strategy issues are desirable.
Candidates must possess working knowledge of legal services pricing and alternative fee arrangements, as well as the ability to analyze financial data and prepare concise management reports.
Proficiency in Excel, including v-lookups, pivot tables, and modeling, and other Microsoft Office applications is essential; experience with data visualization tools such as PowerBI is also desired.
Benefits
Professional Development: Take advantage of continuous learning opportunities and avenues for career growth.
Inclusion: Join a Business Resource Group and share cultural, experiential, or job-related interests, experiences, and/or backgrounds.
Impactful Contributions: Play a pivotal role in developing industry-leading solutions that make a significant difference in legal practice and client service.
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