In a world of increasing specialisation, it is not possible to be the best unless you are focused. That’s why legal pricing is Validatum’s sole speciality. We have developed a suite of very targeted services to assist law firms and barristers chambers with every aspect of pricing execution. Some of our most popular services include:
• Validatum® Pricing Masterclasses® • Procurement, Bids & Pitches • Specialist Pricing Recruitment • Associates Pricing Workshops • Pricing Support Retainers • Validatum® Pricing Forum® • Validatum® Price Customisation® Clinics For Partners
Our Managing Director, Richard Burcher is highly sought after as a dynamic, thought provoking yet entertaining keynote speaker. A powerful, compelling and optimistic keynote address can set the tone for an entire event whether it is a half day away-day, or a two day remote venue conference. Keynote speakers carry a huge responsibility. Using an internationally renowned speaker guarantees a vibrant and stimulating start to your event. Here is a small sample of the great feedback we have received from England, Ireland, Scotland, United States, Australia and New Zealand...… View more
The Validatum® Partners Pricing Masterclasses® are among our most popular services. They are ideal for firms that have taken a well-considered decision to raise capability around pricing as a skill and discipline. Classes begin with brief overview of pricing theory to lay an intellectual foundation of the key principles. The remainder of the masterclass is practical, interactive and extremely intensive. Senior practitioners often describe them in evaluations as the best professional development they have ever undertaken.… View more
As the legal marketplace evolves and becomes ever more sophisticated in terms of choice and perceived commoditisation of services, clients are increasingly turning to procurement to control costs and prove value for money. The use of standardised procurement processes, common across other areas of spend, requires legal firms to understand the buying process in order to make their services stand out, increasing win rates and profitability.… View more
Gone are the days where even if a law firm had much in the way of internal pricing capability, it was generally little more than a perfunctory add-on to one of the existing teams such as finance, marketing, BD or bids and pitches. Most firms now realise that their ability to remain competitive, the opportunity to achieve tactical and strategic advantage over competitors and the ability to get paid properly for the value delivered to clients, they need specialist help.… View more
“Richard Burcher’s insight into pricing theory and the legal sector ensures that the Legal Pricing Forum never fails to inform, stimulate and challenge. Validatum is at the forefront of a new movement to promote best practice for legal pricing professionals.” Allan Jones, Commercial Finance Manager, CMS Cameron McKenna… View more
Our work with firms around pricing is initially concentrated on partners and senior management. Inevitably however, there is a realisation that any new pricing philosophy and execution methodology must reach more broadly across the firm. Although it is not usually a decision taken by the firm until after we have already worked extensively with partners, the Associates Pricing Workshops, which are a condensed version of the Validatum® Pricing Masterclasses®, can be an important contribution to the dissemination of the new skills and techniques.… View more
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While many law firms have over the last few years begun pricing improvement initiatives, many have failed to realise their potential and in the most disappointing and frustrating examples, they have eventually reverted to type entirely, losing all of the gains originally achieved.
There is good reason for that. It’s hard. The rewards are significant but if it was easy, everyone would have done it a long time ago.
While many law firms have over the last few years begun pricing improvement initiatives, many have failed to realise their potential and in the least successful examples, they have eventually reverted to type entirely, losing all of the gains originally achieved. There is good reason for that. It’s hard. The rewards are significant but if it was easy, everyone would have done it a long time ago.
If I never hear the word ‘unprecedented’ again, it will be too soon, but there is undoubtedly no play book for what we are experiencing. We have had numerous requests from client firms and non-client firms alike for guidance on how to approach pricing in the current environment. We hope that the following will if nothing else, provide some structure to law firm’s consideration of the issues.