Strategic Sourcing, VP - Legal Category - Procurement

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. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

About Us: 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 respon