Fireside Chat: Moving the Needle on the Pricing Maturity Model
Track: Pricing & Profitability
The pricing and LPM functions of law firms have been reaching new levels of maturity in recent years, spurred by both economic and practical considerations. When pricing becomes more of a strategic endeavor, it can provide more accuracy to pricing teams, more profitability to lawyers and partners, and more transparency to clients. Further, an evolved pricing strategy supports marketing and business-development efforts with smarter scoping, better responsiveness to RFPs, and pitches that are grounded in past outcomes and validated information.
How can firms progress in their own pricing maturity models? Forward-thinking firms have discovered that adding modern technology to the mix — including AI, predictive modeling, and other data sciences — can result in impactful benefits for their people, profits, process, and data. Join us for a discussion about how today’s technology can help pricing teams scale across a firm, increase profitability, improve operations, and harness data more effectively.