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Reviewed on 31 May 2019

Linking client feedback to pricing decisions

Understanding what client’s value to achieve more successful pricing, project management and process outcomes

Regular client feedback helps firms understand what clients truly value and how they judge the service they receive. Used well, it enables better decisions across pricing, project management and process, reducing risk, improving delivery and strengthening perceived value.

Pricing: aligning fees with client value

Pricing is about more than the number on the invoice. It reflects how clients perceive value and whether the service experience matches their expectations. Client feedback helps firms to:

  • Align fees to perceived value rather than internal assumptions
  • Understand which levels of staffing and input clients value
  • Evidence excellent service in the context of price paid
  • Communicate evidence‑based value in RFP responses
  • Reduce the risk of write‑offs, discounts and fee disputes
  • Identify where pricing or service improvements are needed

Project management: improving how services are delivered

Project management is not just about planning and control. From the client’s perspective, it is about how the work feels to deal with day‑to‑day. Client feedback enables firms to:

  • Identify whether clients benefit from formal Legal Project Management (LPM)
  • Optimise service delivery in line with the price paid
  • Manage gaps between expectations and delivery
  • Identify weak matter management and inefficiencies
  • Reduce issues caused by poor internal communication

Process: reducing cost while strengthening the client experience

Process is more than workflow. It is a means of reducing cost, increasing consistency and reinforcing brand value. Client feedback helps firms to:

  • Identify where process improvements will have the greatest impact
  • Benchmark teams and offices to reduce inconsistency
  • Eliminate inefficient or poorly managed processes
  • Inform wider operational and business strategy

A successful client feedback programme enables firms to make better decisions—grounded in what clients say matters most, rather than what firms assume.

 

 

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Categories: Insight

Tags: 2-strategy-growth

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Acuigen provides independent client feedback programmes and insight technology for professional services firms, helping leaders strengthen relationships, manage risk and make confident decisions. With over 30 years’ experience and 3 internationally accredited quality systems, our work is supported by CustomServe, our client insight platform..  CustomServe sits at the heart of how we deliver client insight, supporting every programme we run. 
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