Pricing Analyst

3 weeks ago

London, United Kingdom Ryder Reid Legal Ltd Full time

Ryder Reid is working with a highly acclaimed US law firm to source a Pricing Analyst for their London office.

Key responsibilities will include:

- Assist in the production of sophisticated financial analyses using both established and new, creative approaches.
- Prepare robust models and templates to support analysis of a wide array of fee proposals utilizing Firm financial metrics.
- Run profitability analyses to help Department Chairs and the New Business Committee to fully evaluate fee proposals and make appropriate business decisions for the Firm.
- Run sensitivity analyses to help partners and the New Business Committee understand potential impacts of a change in assumptions.
- Assist in the development and implementation of new pricing services and tracking mechanisms to generate new business and manage the success of existing arrangements.
- Generate strategic staffing solutions based on different alternative fee arrangements in partnership with the Manager of Pricing and Value.
- Communicate with the Pricing Support Group, Legal Project Management, Client Operations, and Business Development to discuss pricing strategies, brainstorm creative fee proposals, facilitate effective rate management and implementation, and optimize efficiencies.
- Contribute to the creation and automation of matter budgets and matter management initiatives in collaboration with the Legal Project Management team.
- Develop a strong understanding of the Firm's departments, practice groups, and clients to help develop strategic planning and pricing initiatives.

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