Strategic Financial Arrangements (Pricing) Analyst

About the role

Foley & Lardner LLP is seeking an Analyst to join the Strategic Financial Arrangements team within the firm's Accounting & Finance department. This role supports the firm’s largest clients by evaluating, maintaining, and tracking pricing arrangements, billing setups, profitability, and client budgets, while monitoring inventory levels. The Pricing Analyst collaborates closely with attorneys, finance professionals, and business support teams on repricing opportunities, client reporting, and targeting key financial performance indicators (KPIs) for improvement.

The position requires strong analytical skills, attention to detail, and the ability to communicate financial information effectively to a variety of stakeholders.

Responsibilities

• Support top institutional and large complex client relationships regarding financial data and metrics, including utilization, leverage, realization, and profitability.
• Develop scenarios and financial models to assess the projected profitability of pricing proposals, including alternative fee arrangements, and recommend solutions that balance client objectives with firm profitability goals.
• Support attorneys and accounting personnel by documenting pricing arrangements, maintaining approved fee terms, and tracking client budgets.
• Coordinate with billing and accounting teams to establish and maintain accurate billing setups that reflect agreed-upon pricing arrangements.
• Assist with client-facing fee monitoring and reporting requests by preparing financial data, analyses, and summaries.
• Support the annual billing rate-setting process, including rate analysis and development, internal approvals, coordination of system updates, and ongoing governance to ensure accuracy and compliance.
• Support team members with ad hoc pricing, reporting, and financial analysis requests.
• Maintain data integrity within pricing, budgeting, and financial reporting systems.
• Utilize technology, advanced analytics, and AI-enabled solutions to improve efficiency, enhance insights, and support informed decision-making across day-to-day functions.
• Stay informed of legal industry pricing trends and best practices and contribute to continuous improvement of pricing processes and reporting tools.

Qualifications

• Bachelor’s Degree in Finance, Accounting, or related field required.
• Minimum of one (1) year of applicable accounting or finance work experience required.
• Experience in a law firm or professional services environment strongly preferred.
• Strong working knowledge of Microsoft Excel.
• Strong interpersonal and communication skills, verbal and written, with the ability to communicate with all members of the firm, including Partners and Management.
• Strong analytical skills and high level of attention to detail.
• Knowledge of professional services, financial metrics, or billing practices preferred.

Pay

Chicago - $77,300 to $108,200. The actual offered amount will be between the range minimum and midpoint based on education, experience, geographic market, and internal pay equity at Foley.

Benefits

• Paid Time Off
• Paid Holidays
• Medical, Dental, and Vision insurance
• 401(k) Retirement plan
• Disability and Life insurance
• Adoption Assistance
• Backup Care for Dependents

About Foley & Lardner

Foley is an Am Law 50 law firm consistently ranked among top-tier practices. With over 1,100 lawyers in 26 offices across the United States, Mexico, Europe, and Asia, our market-leading platform includes Corporate, Intellectual Property, and Litigation. We focus on four primary sectors: Energy, Health Care & Life Sciences, Innovative Technology, and Manufacturing. We look beyond the law to act as trusted business advisors, delivering creative, practical, and effective solutions. For nearly two centuries, Foley has maintained its commitment to innovative legal services and the stewardship of our people, firm, clients, and communities.