Pricing Analyst

Sidley Austin•Chicago, IL

3d•$88,000 - $96,000•Hybrid

About The Position

The Pricing Analyst works with team leadership to support lawyers in structuring, modeling, and negotiating client- and matter-level fee arrangements, managing client matters, and advancing the Pricing Team’s and Firm’s strategic pricing goals. The role suits someone with strong attention to detail who enjoys working with data and is eager to learn about pricing and the revenue cycle in a fast-paced professional services environment. The analyst supports rate proposals, alternative fee arrangements, fee estimates, matter budgets, and pricing options; contributes to pricing and financial components of RFPs and business development pitches; and assists with annual billing rate setting and ongoing benchmarking and maintenance of standard hourly rates. The role also includes analyzing historical matters, preparing reports for firm, client, and matter management, improving financial templates and models, participating in training and knowledge-sharing, organizing pricing-related information, and communicating with teammates to clarify requirements and meet deadlines.

Requirements

Bachelor’s degree, preferably in Accounting or Finance.
At least 2 years of accounting or financial analysis experience.
Advanced capabilities and knowledge of Microsoft Excel and PowerPoint.
Strong organizational skills.
Strong attention to detail.
Good judgment.
Strong interpersonal communication skills.
Strong analytical and problem-solving skills.
Ability to work harmoniously and effectively with others.
Ability to preserve confidentiality and exercise discretion.
Ability to work under pressure.
Ability to manage multiple projects with competing deadlines and priorities.

Nice To Haves

Previous experience working in a client-facing position or a professional services firm.

Responsibilities

Support the development of rate proposals, alternative fee arrangements, fee estimates, matter budgets, and pricing options in response to client requests.
Assist with pricing and financial components of Requests for Proposals (RFPs) and other business development pitches.
Support the annual billing rate-setting process and perform ongoing benchmarking analysis and maintenance of standard hourly billing rates.
Analyze historical matters to support pricing and budgeting.
Provide analysis and regular reporting for firm, client, and/or matter management needs.
Develop and enhance financial templates and models to streamline processes surrounding the Firm’s pricing function.
Participate in team training sessions and contribute to knowledge-sharing initiatives.
Help track and organize pricing-related information and templates.
Communicate proactively with team members to clarify requirements and meet deadlines.