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Building an Accurate Matter Budget Without Fancy Tools

Sponsored by the Client Value SIG

Domain: Business of Law

No Pricing Team? No fancy matter budgeting software? No problem! In this webinar, we will share tools, tips, and techniques for leveraging basic Microsoft office tools, like Excel, to work closely with attorneys in building an accurate matter budget. We will review the key cost drivers of a budget, questions that should be considered and discussed throughout the process, and the importance of defining a clear scope of work and underlying assumptions. We will also share tips on leveraging historical data and how you can use Excel to model out the results of a certain pricing scenario. More specifically, we will go over examples of how to build a budget from the bottom up and also how to project realization on a blended rate pricing structure based upon staffing mix. At the end of the session we will have time for an open Q&A session so that participants of the webinar can ask questions specific to their areas.

Takeaways from this webinar include:

  • How to build a budget using simple excel techniques and formulas.
  • How to define a clear scope of work and underlying assumptions.
  • How to model out projected realization based on staffing mix for a blended rate proposal

Featured Speakers: Jenny G. Ishii, Manager of Pricing & Project Management, Goodwin Procter; Deysi Gonzalez, Senior Pricing Analyst, Paul Hastings 

Price: Complementary for Members