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About the Role
This role supports the firm's pricing strategy by partnering with legal and finance teams to design, implement, and track client fee agreements. It involves financial analysis, matter budgeting, and partner support, with ownership of pricing processes, tools, and databases. The position requires a blend of analytical rigor, strong communication, and process management skills.
Responsibilities
- Collaborate with partners to develop and evaluate fee proposals, budgets, and alternative fee arrangements.
- Provide financial modeling and analysis to support client negotiations and business development.
- Draft initial fee estimates from selected precedents within familiar practice areas.
- Assist partners in preparing and securing Finance Committee approvals with data-driven insights.
- Present findings and educate partners on pricing trends, client expectations, and firm guidelines.
- Build and monitor matter budgets, analyze variances, and provide updates to partners and leadership.
- Track fee agreements and matter performance, highlighting trends and risks.
- Prepare reports and dashboards on pricing outcomes, client behaviors, and profitability.
- Utilize AI-assisted analytics to accelerate data pulls, draft estimates, and flag anomalies.
- Support pricing processes and partner requests with accurate, timely analyses.
- Coordinate with various teams to ensure consistent inputs and high-quality output.
- Document and follow efficient workflows for scalable pricing support.
- Own recurring data pulls and datasets, maintaining and validating pricing databases, tools, and templates.
- Ensure consistent capture of pricing data for robust analysis and reporting.
- Partner with IT and Finance to enhance tools and processes for efficiency and client service.
- Build, test, and maintain AI-enabled pricing workflows for team adoption.
- Use AI tools to analyze matter data, research precedents, draft narratives, and prototype analyses.
- Evaluate AI outputs for accuracy and fit, document quality checks, and ensure compliance with policies.
- Pilot new AI use cases and train colleagues on approved tools and workflows.
- Improve templates and process steps, supporting the creation of pricing playbooks and guidelines.
- Drive adoption of consistent approaches to scoping, budgeting, and fee negotiations.
- Contribute to firm-wide initiatives for value delivery, efficiency, and financial outcomes.
- Play an active role in RFPs, client negotiations, and fee discussions.
- Provide strategic support in creating and presenting value-driven, competitive proposals.
Requirements
- 4-6 years of experience in pricing, financial analysis, or related roles within professional services (law firm experience preferred).
- Proficiency in MS Office suite, particularly Excel and PowerPoint.
- Working knowledge of financial metrics such as realization, leverage, effective rate, and margin.
- Hands-on experience building with generative AI tools, such as Claude and Harvey, including prompt design, workflow automation, and light scripting or low-code tools.
- Sound judgment on responsible AI use in a law firm setting, including confidentiality, data privacy, and verification of AI-generated work.
- Demonstrated ability to work collaboratively across teams and manage multiple requests with competing deadlines.
- Strong financial modeling and analytical skills with the ability to utilize tools to compile and analyze data and recommend and/or implement solutions to complex problems.
- Significant working understanding of alternative fee arrangements and pricing of legal/professional services.
- Demonstrated ability to apply principles of logical thinking to define problems, collect data, establish facts, and draw valid conclusions.
- Self-directed and proactive capable of thriving in a dynamic environment.
- Experience working with all levels of personnel within law firms and clients.
- Excellent written and verbal communication and presentation skills.
- Demonstrates strong problem-solving abilities and effective negotiation skills.
- Proven ability to adapt to change and balance competing demands and priorities.
- Organized, proactive, and commercially minded with strong attention to detail.
- Proficiency in working with structured data and reporting tools (e.g., Power BI, Tableau, SQL, or similar) is a plus.
Skills
- Pricing
- Financial Analysis
- MS Office Suite
- Excel
- PowerPoint
- Financial Metrics
- Generative AI Tools
- Prompt Design
- Workflow Automation
- Responsible AI Use
- Collaboration
- Financial Modeling
- Analytical Skills
- Alternative Fee Arrangements
- Legal Service Pricing
- Problem-Solving
- Negotiation Skills
- Adaptability
- Attention to Detail
- Power BI
- Tableau
- SQL
Location
- NY
Work Type
- Hybrid
Experience Level
- Senior
- 4-6 years
Education Level
- Bachelor's degree in finance, accounting, business, or related field.
Salary/Compensations
- $120,000 to $145,000
About the Company
- Simpson Thacher & Bartlett LLP is committed to a collegial work environment in which all individuals are treated with respect and dignity.
- The Firm prohibits discrimination or harassment based upon race, color, religion, gender, gender identity or expression, age, national origin, citizenship status, disability, marital or partnership status, sexual orientation, veteran’s status or any other legally protected status.
- This Policy pertains to every aspect of an individual’s relationship with the Firm, including but not limited to recruitment, hiring, compensation, benefits, training and development, promotion, transfer, discipline, termination, and all other privileges, terms and conditions of employment.
Equal Opportunity
- The Firm prohibits discrimination or harassment based upon race, color, religion, gender, gender identity or expression, age, national origin, citizenship status, disability, marital or partnership status, sexual orientation, veteran’s status or any other legally protected status.