Law Firm Pricing

Key report features In-depth advice on the need, impact, and profitability of hiring a pricing director Detailed insight into the function and skills of a pricing director Clear definition of the strategic position of pricing within a firm How to evaluate the benefit of a pricing director for your firm and its clients Real-world scenarios. The new path to profitability is paved with pricing directors. That's the trend we're seeing, with more than 50 pricing positions created for Am Law 200 firms in 2012. Put the 'ah!' in RFP The push is on for law firms and clients to focus on their pricing and matter management strategies. By hiring a pricing director with skills in analytics, technology, commerce, and communications, you're set to create effective pricing strategies and support your firm's competitive advantage. Who's in the hot seat? Your pricing director is the budget builder, the profit modeller, the counsellor, the monitor, and the approver: you want to make sure that those already in this role are comfortable with its evolution, or that a new hire can confidently take on the challenge. Brown and Cordo's Law Firm Pricing: Strategies, Roles, and Responsibilities clearly defines the skills and remit of the person required to fill this demanding and responsive role. It provides practical guidance into hiring and developing a strategic pricing role within your law firm that drives successful relationships and profitability.

Auteur

Toby Brown @gnawledge Toby Brown is the original pricing director, having been the first person ever appointed to this role. He regularly presents and publishes in the US on legal technology, marketing and law firm management, and maintains the ABA award winning 3 Geeks and a Law Blog. Currently, Toby is the director of strategic pricing and analytics for Akin Gump, where he works with firm partners and clients to develop pricing arrangements and service delivery models that drive successful relationships. Vincent Cordo @vcordo Vincent Cordo is a recognised leader and speaker in the fields of alternative fee arrangements, project management, business process improvement, knowledge management and service delivery. Vince serves as the global director of client value for Reed Smith. He leads the firm's strategy related to the evaluation and implementation of value pricing, alternative fee arrangements, and matter management. He is a Six Sigma Black Belt and helped form the legal industry Pricing Practice Innovation Project Management Group (P3).

Texte du rabat

This report clearly defines the skills and responsibilities of the pricing director and will help law firms to develop strategic pricing.