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Pricing for profitability: Moving the needle on the pricing maturity model
The discipline of pricing is ever-growing – an integral component of the business of law that can materially impact law firms — especially if used proactively. Importantly, pricing data can offer firm leaders a window into matter, client, and overall firm profitability. So why are lawyers still often reactive when it comes to pricing?

As firms initiate or grow an integrated pricing function, firms may be missing out on the strategic benefits of pricing and the underlying data it can offer, and the impact of implementing the right pricing technology can provide; namely, more flexibility and accuracy to pricing teams, more insight and management to lawyers and partners, and more transparency to clients. And moreover, how the advent of a pricing and LPM discipline can help define, advance, and socialize profit methodology and rigor across the firm.

Forward-thinking firms have found that adding a modern technology to the mix — smart integrated solutions that include AI/ML, predictive modeling, and other data-science tools — can result in meaningful benefits for their people, profits, process, and data.

Join Jill Nelson, Senior Director of OnePlace for Finance from Intapp and special guest Toby Brown, Chief Practice Management Officer from Perkins Coie for a discussion about where profitability, technology, and function converge to help pricing and legal practice management teams to provide firmwide scale, increase profitability, improve operations, and effectively harness data and information.

Objectives:
• Learn how to embark on this modernization journey as we share our experiences; approaches, challenges, and goals.
• Learn how the technology can help your firm advance its pricing capabilities and improve engagement profitability.
• Discover how data is foundational to an empowered pricing practice, and can be leveraged to create benefits across the client lifecycle.

Mar 12, 2020 01:00 PM in Eastern Time (US and Canada)

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Speakers

Jill Nelson
Senior Director, OnePlace for Finance @Intapp
Jill Nelson looks after the business end of Intapp’s OnePlace for Finance solution, comprised of Intapp Time, Intapp Pricing and the intersections of those products with Intapp Terms. Jill converges her 20 years of legal tech experience across finance, product management & product marketing and a strong affinity for analytics to supply, together with the products and marketing teams, a multi-dimensional approach to supplying Intapp’s customers and stakeholders solutions that meaningfully impact the business of law.
Toby Brown
Chief Practice Management Officer @Perkins Coie LLP
Toby Brown is the Chief Practice Management Officer for Perkins Coie. In this role, Toby works with firm partners and clients to develop pricing arrangements and service delivery models that drive successful relationships. This includes practice management, pricing, legal project management, lateral partner recruiting, practice innovation, and alternative staffing approaches. Prior to his current role, Toby served as the Chief Practice Officer for Akin Gump, and served in pricing roles for both Vinson & Elkins and Fulbright & Jaworski. Before joining Fulbright, Toby served as a Director for the Utah State Bar. Toby presents nationally on legal pricing, practice management, knowledge management, marketing, technology, and law firm management for associations, law firms, legal departments, law schools, and paralegal programs. He is the founder of the P3 Conference, and chairs the Client Value group that owns the conference.