Senior Pricing Manager
Talent Acquisition LLC · Chicago, IL · 1 mo ago
HybridFinanceFull-time
Responsibilities
- Lead the development, negotiation, approval, and management of alternative fee arrangements, including fixed, capped, blended, success-based, and other value-based fee structures.
- Advise partners and Practice Group Leaders on pricing strategy, profitability, risk, and commercial considerations.
- Develop pricing models, matter budgets, cost estimates, and financial analyses for client engagements.
- Analyze historical matter performance, realization, profitability, and financial metrics to identify pricing opportunities and risks.
- Establish and maintain governance and approval processes for AFAs and non-standard fee arrangements.
- Monitor AFA performance, pitch outcomes, win rates, and client value initiatives.
- Partner with Business Development, Marketing, Practice Groups, and Legal Project Management on RFPs, RFIs, and strategic pitches.
- Manage pricing components of competitive proposals, client pitches, and pricing auctions.
- Partner with Legal Project Management to ensure matters are appropriately scoped, staffed, budgeted, and managed for profitability.
- Build relationships with Practice Group Leaders and relationship partners to understand client and commercial priorities.
- Develop training and guidance on pricing tools, fee arrangements, and best practices.
- Monitor legal industry pricing trends, competitive practices, and evolving client expectations.
- Support strategic initiatives involving client value, profitability, and business development.
Requirements
- Bachelor’s degree required; MBA, J.D., or related advanced degree preferred.
- 7–10+ years of experience in legal pricing, financial analysis, commercial strategy, or a related field.
- Law firm or professional services experience strongly preferred.
- Demonstrated experience developing and managing AFAs and sophisticated pricing strategies.
- Strong understanding of law firm economics, including realization, profitability, matter budgeting, and financial performance.
- Experience with RFPs, competitive pitches, and pricing auctions.
- Strong financial modeling, analytical, and problem-solving capabilities.
- Experience with pricing, financial reporting, business intelligence, CRM, and/or legal practice management systems.
- Law firm accounting software experience strongly preferred.
- Excellent negotiation, presentation, communication, and project management skills.
- Strong business acumen and ability to advise and influence senior stakeholders.
- Able to manage multiple concurrent pricing, budgeting, and proposal deadlines.