Working cross-functionally, the Legal Pricing Analyst supports the development and execution of pricing strategies that align with the firm's financial goals and client service objectives. This role assists in analyzing financial data, preparing pricing models, and providing insights to help inform decision-making.
Responsibilities
Analyze documents and data, interpret results, and provide pricing support to the Firm's partners, senior management, and clients to facilitate effective decision-making
Develop pricing models and evaluate pricing scenarios to satisfy client requirements
Prepare cost estimates for the Firm's legal services across all practice areas, including litigation, regulatory, and transactional work, for both prospective and existing matters
Draft fee-related language in response to requests for proposals (RFPs) and suggest competitive fee structures
Measure and evaluate performance of individual matters and portfolios of work against billing arrangements using established metrics
Analyze historical matter data and prepare custom categorizations of legal services to satisfy client and matter-specific requirements
Compile and analyze data and historical statistics relating to utilization and realization, recommend necessary pricing to sell services profitably
Monitor market trends and competitors’ pricing strategies to maintain awareness of industry standards and recommend adjustments to the Firm’s pricing models
Engage attorneys in substantive dialogue regarding the legal work to be priced through demonstrated knowledge of the Firm's practice areas
Perform ongoing maintenance of related database
Work cross-functionally, joining data from various sources, interpreting findings and summarizing within the context of legal services provided
Monitor and analyze performance of individual matters and portfolios of business against established budgets, revenue and realization
Leverage precedent and historical data to problem solve and support effective decision making with a solutions oriented approach
Provide relevant knowledge and support to others to increase understanding of pricing and client accounting processes
Demonstrate effective interpersonal, written, and verbal communication skills to facilitate effective work relationships with others
Manage Firm resources responsibly
Comply with and understand Firm operation, policies, and procedures
Perform other related duties as assigned
Requirements
Bachelor's degree
Minimum of three years of experience in financial analysis, pricing, or a related role, preferably within a professional services or legal environment
Advanced knowledge of full MS Suite and relational databases, with the ability to learn new software and operating systems
Millions of jobs, with real people getting hired every day
200,000+
New jobs added daily
7,000,000+
Verified job listings
1,000,000+
Tailored applications submitted
Strong analytical, troubleshooting, organizational, and planning skills to synthesize, interpret, and summarize quantitative and qualitative data in a clear and concise manner
Solutions-oriented critical thinker with the ability to leverage historical data, market trends, and precedent to support effective decision-making and drive continuous process improvement
Excellent interpersonal, written, and verbal communication skills to collaborate with attorneys, management, and clients, and to present findings and recommendations effectively
Ability to handle sensitive matters with discretion, exercise independent and sound judgment, and inspire confidence in others
Ability to handle sensitive matters and maintain confidentiality
Ability to manage multiple projects, shifting priorities, and meet deadlines in a fast-paced, multi-constituent environment
Close attention to detail and the ability to organize and prioritize work effectively
Ability to work well independently as well as within a team, fostering a collegial and professional environment
Flexibility to adjust hours and work the hours necessary to meet operating and business needs
Benefits
Comprehensive health care (medical, dental, vision), savings plan/401(k), and voluntary benefits
Generous paid time off
Paid leave options, including parental
In-classroom, remote, and on-demand learning and professional development opportunities
Robust well-being classes and programs
Opportunities to give back and make an impact in local communities
About the Company
Skadden, Arps, Slate, Meagher & Flom LLP (Skadden) is recognized as a global powerhouse for complex transactions, litigation/controversy issues, and regulatory matters. Its attorneys collaborate seamlessly across 50-plus practices and 21 offices in the world’s major financial centers.
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates delivers the highest quality advice and novel solutions to legal challenges, enabling clients to achieve their business goals.
