Pricing & Rates Director
2 weeks ago
A leading law firm based in Dallas, Texas, is currently seeking a Pricing & Rates Director to join their dynamic team. This position presents an exciting opportunity to drive pricing-related initiatives, maximise profitability, and enhance competitiveness in the legal services market. The firm is committed to maintaining a high level of client satisfaction while achieving its financial objectives.
Position Overview:
The chosen candidate will play a pivotal role in developing and executing effective pricing strategies to maximise revenue and profitability. This position requires strategic thinking, a deep understanding of legal billing practices, and market dynamics. The successful candidate will lead a team, collaborate with key stakeholders, and leverage financial analysis to achieve the firm’s pricing objectives.
Responsibilities:
Lead and oversee the pricing strategy and revenue optimization team, providing guidance, training, and mentorship.
Collaborate with attorneys, CFO, and Practice Group Directors to develop pricing strategies, matter estimates, and profitability analysis.
Develop innovative pricing solutions aligned with market trends and profitability goals.
Conduct detailed financial analysis and create pricing scenarios in response to client requests and RFPs.
Provide expert consultation on rates and alternative fee arrangements (AFAs) to achieve desired pricing outcomes.
Partner with legal teams to develop and manage matter budgets effectively.
Establish and document pricing processes, identifying opportunities for automation and efficiency improvements.
Oversee the development and implementation of pricing tools to support decision-making.
Lead the annual review processes for timekeeper rates and client rates, ensuring accuracy and competitiveness in the firm’s financial systems.
Qualifications:
Bachelor’s degree in finance, accounting, or a related field.
Minimum of five years of experience in a law firm, with a focus on pricing, financial analysis, and profitability.
Familiarity with billing systems and experience in financial modelling preferred.
Proficiency in MS Office, especially Excel, for data analysis and reporting.
Strong analytical mindset with excellent problem-solving skills.
Outstanding communication and customer service abilities.
Proven ability to work collaboratively in a team environment and manage multiple projects under tight deadlines.
If you are a strategic thinker with a passion for driving profitability and competitiveness in the legal services industry, we encourage you to apply for this exciting opportunity.
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