Strategic Sourcing, VP - Legal Category - Procurement

Vice President Of Strategic Sourcing For The Legal Category

Blackstone is the world's largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

Blackstone is one of the world's leading investment firms, with a strong commitment to excellence and innovation. We leverage our extensive resources and expertise to create value for our investors and portfolio companies. Our team is dedicated to fostering a collaborative environment that drives strategic initiatives and operational efficiencies across our organization.

Position Overview: We are seeking a dynamic and experienced Vice President of Strategic Sourcing for the Legal Category to lead our sourcing strategy and procurement initiatives within the legal domain. This role will be instrumental in optimizing our legal spend, enhancing supplier relationships, and driving value across our legal services portfolio. The ideal candidate will possess a deep understanding of the legal industry, exceptional negotiation skills, and a strategic mindset to navigate complex sourcing challenges.

Key Responsibilities:

• Strategic Leadership: Develop and implement a comprehensive strategic sourcing strategy for the Legal Category that aligns with Blackstone's overall business objectives.
• Spend Analysis: Conduct thorough analyses of legal spending patterns to identify opportunities for cost savings, efficiency improvements, and risk mitigation.
• Supplier Management: Build and maintain strong relationships with legal service providers, ensuring alignment with Blackstone's quality standards and performance expectations.
• Negotiation: Lead negotiations with legal vendors to secure favorable terms and conditions, driving value and ensuring compliance with legal and regulatory requirements.
• Cross-Functional Collaboration: Collaborate with internal stakeholders, including legal, compliance, finance, and operations teams, to understand their needs and ensure alignment with sourcing strategies.
• Market Research: Stay informed about industry trends, market dynamics, and emerging legal technologies to inform sourcing decisions and identify innovative solutions.
• Performance Metrics: Establish and monitor key performance indicators (KPIs) to evaluate the effectiveness of sourcing initiatives and supplier performance.
• Risk Management: Identify and mitigate risks associated with legal sourcing, ensuring compliance with internal policies and external regulations.
• Team Development: Lead and mentor a team of sourcing professionals, fostering a culture of continuous improvement and professional growth.

Qualifications:

• Bachelor's degree in Business, Finance, Law, or a related field; MBA or advanced degree preferred but not required.
• 10+ years of experience in strategic sourcing, procurement, or vendor management, with a focus on the Legal Category.
• Proven track record of successfully managing complex sourcing projects and negotiations in the legal industry.
• Strong analytical skills with the ability to interpret data and make data-driven decisions.
• Excellent communication and interpersonal skills, with the ability to influence and engage stakeholders at all levels.
• Demonstrated leadership capabilities, with experience managing and developing high-performing teams.
• Knowledge of legal service delivery models, trends, and best practices.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range: $185,000 - $225,000. Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables. Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following: attending client meetings where you are discussing Blackstone products and/or and client questions; marketing Blackstone funds to new or existing clients; supervising or training securities licensed employees; structuring or creating Blackstone funds/products; and advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials. Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions. To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.