Financial and Pricing Analyst (Minneapolis)
At Taft, we work as one team, driven and committed to helping our clients succeed. A full-service law firm with more than 800 attorneys and 1,400 total on our team, we have the collaborative approach, advanced technological resources, and depth of services that make us a preeminent law firm in the Midwest.
Taft is currently seeking a Financial and Pricing Analyst to join our team in our Minneapolis office.
We are seeking a Financial and Pricing Analyst with 3+ years’ experience to support our Minneapolis office. All Taft employees operate under a “Client First” philosophy — in all things, we seek to provide exceptional services to our clients.
Duties and Responsibilities:
- Assessing data from a variety of sources to gain insights into trends and opportunities and providing pricing support to Firm leadership.
- Analyzing external data and market trends to provide comparative analysis.
- Applying statistical modeling methods to determine the potential impact of pricing strategies, including fixed fees, budgets, and other alternative fees, on profitability.
- Preparing cost and fee estimates for legal services and costs to various clients and matters across different practice areas and markets.
- Utilizing and developing pricing models and evaluating pricing scenarios.
- Measuring and evaluating performance of individual matters and portfolios of work against billing arrangements using both established and newly developed metrics.
- Analyzing historical matter data and preparing custom categorizations of legal services to satisfy client and matter-specific requirements.
- Compiling, analyzing and presenting data and historical statistics relating to utilization and realization.
- Supporting Firm leadership and various departments in administrative functions, including but not limited to, analysis of request for proposals, outside counsel guidelines, alternative fee arrangements, discounts, fixed fees, and more.
- Keeping informed on pricing analysis methods and industry trends.
- Other duties as assigned.
Education, Skills and Experience Required:
- Bachelor’s Degree in related field
- 3+ years’ experience performing financial and/or pricing analytics
- Experience working in or with law firms, legal service providers or professional services; pricing of professional services preferred.
- Knowledge of relevant computer software programs (e.g., Outlook, Excel, PowerPoint, Word) and databases, with the ability to learn new software and operating systems.
- Strong Excel skills.
- Excellent analytical and troubleshooting skills needed in order to synthesize, interpret and summarize information in a clear, concise manner.
- Ability to track industry trends.
- Strong multi-tasking, organizational, and planning skills needed in order to handle multiple projects and shifting priorities, and to meet deadlines.
- Excellent attention to detail.
- Strong written and verbal communication skills.
- Analytical thinking skills, with the ability to adapt to changing demands and work well in a fast-paced environment.
Interested candidates should email a resume and cover letter to Alycen Cummings, acummings@taftlaw.com.