WilmerHale is a leading, full-service international law firm with 1,000 lawyers located throughout 12 offices in the United States and Europe. Our lawyers work at the intersection of government, technology and business, and we remain committed to our guiding principles of providing quality, excellent legal and client services; developing diversity among our lawyers and staff and cultivating an environment that promotes an ambitious spirit, collaboration and collegiality by drawing on the extraordinary talents and dynamic experience of our lawyers. Our goal is to reflect the diversity of our clients and the communities in which we practice.
About the Role
Analize, monitor, and report on financial data to both internal and external stakeholders. Create practice-specific budget templates, analyze comparable data, and develop standardized task pricing for all legal matters, with a focus on civil and criminal litigation. Develop budgets/estimates in support of client requests and/or alternative fee pricing. Monitor budgets, identify overruns, alert partners, and recommend solutions. Provide recommendations and analyses for various client pricing arrangements, including annual rate renewals. Provide firm, practice and office focused profitability statistics, modeling, and analysis under the general direction of a PBA Manager, and or the Director of PBA,. Prepare and distribute weekly and monthly financial reports in approved formats, analyze results, and prepare observations for firm management. Provides financial support to the Department Chair and Practice Group Leaders in the litigation department. Develop tools to provide Department leadership with value-add analysis to help improve revenue. Work closely with other team members to create consistency in analyses, understand the firm practices at large, and anticipate cross-sell opportunities. Work collaboratively with employees from other administrative functions, including but not limited to Billing, Legal Project Management, Client Development, Practice Management and New Business Intake, in order to provide comprehensive support to WilmerHale attorneys.
What You Will Be Doing
Develop hourly budgets or Alternative Fee Arrangements for legal matters in collaboration with Partners / matter team to meet client requests; budgets to be based on matter scope and staffing assumptions, as well as phases of engagement; provide quality assurance in the budget process.
Provide pricing support to WilmerHale attorrneys in the form of annual rate renewals, budget estimates, and alternative fee proposals.
Leverage warehoused financial data to provide financial support to both internal and external stakeholders.
Incorporate Outside Counsel Guidelines (OCGs); provide notification of deadlines to Partners and update budgets to meet client requirements.
Monitor actuals against budgeted fees and update budgets in light of actual work performed; submit reports to Partners.
Participate in firm-wide matter management program including, but not limited to theorizing, review, and validation of matter management reports.
Analyze impact of client rate arrangements including financial modeling and impact analysis of alternative rate scenarios on the firm and client.
Participate in the annual billing rate budgeting process that supports the firm's revenue objectives; includes supporting and contingency recommendations; includes updating our billing system with firm standard rates and firm level variations; prepare annual office and practice group revenue budgets; includes financial modeling and risk and opportunity analysis related to revenue.
Prepare and deliver statistical support for Attorney Compensation review processes, including Partner Compensation and Capital process; provide information related to revenue generation and management components for Partners and individual productivity statistics of partners and other attorneys; includes maintenance of revenue FTE variations.
Provide decision-support to Chief Financial Officer, Managing Partner and Practice Leadership as assigned, including monthly statistical reporting, issue/problem definition from both a business and financial perspective, developing, analyzing, and quantitatively modeling feasible/realistic alternatives, and presenting recommendations.
Assist in developing financial and operational presentations for Finance Management to Partners, Senior Administrators and Firm Management as assigned.
Look for opportunities to improve processes and activities by using/leveraging business technologies, artificial intellegence, and other resources.
Participate in special projects and other duties as assigned.
Demonstrates a strong commitment to professionalism, delivering high-quality service, and maintaining a positive, solution-oriented ("can-do") approach. Effectively supports internal departments, external clients, and vendors through clear, courteous communication via electronic correspondence, telephone, and in-person interactions.