At a Glance
- Tasks: Lead AI-driven pricing strategies and collaborate with key stakeholders in a dynamic legal environment.
- Company: Respected international law firm embracing innovative pricing models.
- Benefits: Competitive salary, professional development, and opportunities for impactful work.
- Other info: Join a forward-thinking team with excellent career advancement opportunities.
- Why this job: Be at the forefront of AI integration in legal pricing and drive meaningful change.
- Qualifications: Experience in pricing, understanding of AI's impact, and knowledge of value-based pricing models.
The predicted salary is between 60000 - 80000 £ per year.
The integration of AI into the legal industry is driving a fundamental shift in pricing models, and firms that successfully leverage AI's capabilities are likely to gain a competitive edge. Our client, an international and highly respected law firm, is keen to hear from pricing professionals with knowledge in AI.
Responsibilities
- The Pricing Manager is business and client facing and will require frequent contact with key stakeholders and senior colleagues.
- Work with Partners and other key stakeholders to prepare pricing proposals.
- Proactively encourage partners to offer pricing choice to our clients and prospective clients.
- Form a commercial view of the client, including profitability analysis, rates analysis, past matter performance, benchmarking and strategic importance to both the partner and the firm.
- Write business cases to support the submission of pricing proposals.
- Provide pricing support for global pricing proposals.
- Undertake financial modelling and scenario analysis to support pricing decisions.
- Assist partners in understanding financial performance of their practice through the various pricing levers.
- Own and deliver pricing projects as they arise.
- Support partners in developing negotiation strategy and attending client negotiations on behalf of the firm.
Qualifications
- Several years pricing experience - knowledge of professional service business models could be advantageous.
- Understanding of AI-driven efficiency and its impact on pricing.
- Knowledge of value based pricing, alternative fee arrangements such as fixed fees, capped fees, and success-based pricing models.
- Understanding of how to navigate the complexities of AI adoption whilst maintaining professional integrity.
AI-Savvy Pricing Manager in Legal Services in London employer: Broughton Group
As an international and highly respected law firm, we pride ourselves on fostering a dynamic work culture that embraces innovation and collaboration. Our commitment to employee growth is evident through tailored development programmes and opportunities to engage with senior stakeholders, ensuring that our team members thrive in their careers while contributing to the transformative integration of AI in legal pricing. Join us in a role that not only offers competitive remuneration but also the chance to be at the forefront of a pivotal shift in the legal industry.
StudySmarter Expert Advice🤫
We think this is how you could land AI-Savvy Pricing Manager in Legal Services in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the legal and pricing sectors. Attend industry events or webinars where you can meet potential employers and showcase your AI-savvy skills.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of AI-driven pricing models. Be ready to discuss how you've used data analysis in past roles to drive pricing strategies and improve profitability.
✨Tip Number 3
Don’t just wait for job openings to pop up! Be proactive and reach out to firms directly through our website. Express your interest in their pricing strategies and how you can contribute to their AI integration efforts.
✨Tip Number 4
Showcase your negotiation skills! Prepare examples of how you've successfully navigated pricing discussions in the past. This will demonstrate your ability to support partners during client negotiations effectively.
We think you need these skills to ace AI-Savvy Pricing Manager in Legal Services in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the AI-Savvy Pricing Manager role. Highlight your experience with pricing models and any knowledge of AI that aligns with what our client is looking for.
Showcase Your Skills:Don’t just list your qualifications; demonstrate how your skills in financial modelling and scenario analysis can benefit the firm. Use specific examples to illustrate your expertise in pricing strategies.
Be Personable:Since this role involves frequent contact with key stakeholders, let your personality shine through. Show us your communication skills and how you can build relationships with partners and clients alike.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity!
How to prepare for a job interview at Broughton Group
✨Know Your AI Stuff
Make sure you brush up on your knowledge of AI and its impact on pricing models in the legal sector. Be ready to discuss how AI can drive efficiency and enhance pricing strategies, as this will show that you understand the core of what the firm is looking for.
✨Showcase Your Pricing Experience
Prepare specific examples from your past roles where you've successfully implemented pricing strategies or worked with alternative fee arrangements. Highlight your experience with financial modelling and scenario analysis, as these are key skills for the role.
✨Engage with Stakeholders
Since the role involves frequent contact with partners and key stakeholders, practice how you would approach these conversations. Think about how you can encourage them to offer pricing choices and how you can present your ideas clearly and persuasively.
✨Prepare for Negotiation Scenarios
Anticipate questions around negotiation strategies and be ready to discuss how you would support partners during client negotiations. Consider bringing a case study or example where you successfully navigated a complex pricing discussion.
