Ryder Reid Legal is recruiting for a Senior Pricing Analyst to join one of our leading global law firm clients on a permanent, hybrid working basis at their London office. This pivotal role involves managing billing rates, alternative fee arrangements, and profitability analyses on legal matters, therefore being a crucial part of the firm's global operations.
Key Responsibilities:
1. Evaluate market trends and identify opportunities for billing rates and value-based billing.
2. Assist attorneys in developing pricing proposals for client pitches.
3. Model matter profitability and provide pricing analytics for firm management.
4. Research comparable firm matters to aid in budget development.
5. Design templates to assist attorneys with budgets.
6. Liaise with the Legal Project Management team to monitor budgets and recommend re-pricing.
7. Conduct periodic audits of the firm's rates and special fee arrangements database.
8. Create analyses and design reports to showcase pricing trends.
9. Collaborate with other departments to ensure accurate data capture and tool availability.
10. Analyse client performance data to identify pricing opportunities.
11. Perform ad hoc analyses and complete special projects as needed.
Qualifications:
1. Solid understanding of legal pricing.
2. Proactive, self-starter with strong critical thinking and problem-solving skills.
3. Ability to work independently in a fast-paced environment.
4. Strong interpersonal and communication skills.
Experience:
1. University degree in business, economics, law, finance, accounting, or project management.
2. Minimum of three years in financial, procurement, or pricing roles.
3. Experience in large law firms or corporate legal departments preferred.
4. Advanced proficiency in Excel.
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