Legal Pricing Manager (Litigation)

About the role

Skadden, Arps, Slate, Meagher & Flom LLP has forged a reputation as one of the most prestigious law firms in the world. Relying on innovation, intellect, teamwork and tenacity, our lawyers deliver the highest quality advice and novel solutions to our clients' legal issues. We are known for handling the most complex transactions, litigation/controversy issues, and regulatory matters, as well as for the strong partnerships we build with clients and each other. Our attorneys, who reflect a broad range of experiences and perspectives, work together seamlessly across 50-plus practices and 21 offices in the world's major financial centers. We are seeking a Legal Pricing Manager (Litigation) to join our Firm. This position will be based in our New York office (hybrid). You will be responsible for supporting the Firm's pricing and client engagement strategies through the development and implementation of tailored fee arrangements that align with client expectations and Firm objectives. You will also oversee the creation and refinement of financial models, pricing tools, and reporting systems to enhance forecasting, budgeting, and performance monitoring for key matters. Additional responsibilities include managing the transition of data systems, such as the Litigation Workstream database, to scalable platforms, while developing user-friendly tools to streamline data access and analysis as well as tracking market trends and competitive pricing data to help shape innovative, industry-specific fee structures and ensure compliance with Firm policies. You will foster a culture of continuous improvement, and collaborate with the Legal Project Management team to ensure seamless matter tracking and budget implementation. Works with partners to develop, negotiate, and implement appropriate fee arrangements that meets both the client's budget and pricing demands and internal Firm requirements. Supports partners in client pricing conversations. Works with the Firm's pricing analysts to oversee pricing model developments and ensures analysis complies with requests and quality standards, interfaces with partners and facilitates efficient workflow. Contributes to the preparation of various templates and robust financial pricing models with analyses to help provide partners with projected outcomes for alternative pricing arrangements. Establishes pricing metrics that allow the Firm to continually improve both in terms of individual fee proposals and broader pricing team engagements and initiatives. Reviews fee arrangements, special provisions, and terms and conditions of client engagements to ensure compliance with Firm-wide policies and procedures. Tracks competitive market data and pricing trends by region, practice area, or other relevant differentiators. Stays abreast of current trends and recommend updates to existing pricing models. Maintains benchmarks for Litigation Task-based Billing. Examines periodically and revalues annually. Expands benchmark analysis to include detailed litigation workstreams. Develops relationships with lead partners, identifies benchmark matters, defines workstreams, analyzes results, template model matters. Oversees team to record all pitches and budget estimates in SBA Tracker for germane matters. Implements budgets in SBA tracker and liaises with the LPM team to handoff matters that need further tracking. Monitors performance of key matters. Identifies and develops fee arrangements specific to key practice areas and industries. Captures and effectively uses current market information in pricing decisions. Designs and implements effective reporting and systems to assist Partners in monitoring and forecasting client engagements against budget. Supervises, educates and mentors the Firm's pricing analysts. Ensures current knowledge of Firm policies and practices, current knowledge of industry trends, and continued professional development for business services professionals. Participates in the interviewing, selection and training process. Coordinates and oversees department projects, day-to-day operations and long-range plans. Monitors time, attendance, overtime, and expense reports to ensure accuracy and compliance with Firm policies. Oversees employees' work performance and provides guidance in the resolution of problems.