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The Best Cloud Apps
for Ambitious Law Firms
How PwC combines the best software
to help law firms succeed.
The Best Cloud Apps
for Ambitious Law Firms
How PwC combines the best software
to help law firms succeed.
Joshua Lenon
Lawyer in Residence
• Attorney admitted in New York
• Certified Information Privacy
Professional
• Data Protection Officer
• @joshualenon
Agenda
• Efficiency gains are law firms’ chief focus
Data Sources in the
2018 Legal Trends Report
Lawyers Struggle
to Set & Measure Goals
What can a law firm do to improve?
pwc.com/us/NewVentures
Cloud apps for
ambitious law
firms
PwC | How you can evolve into a tech-savvy law firm 16
PwC Law Firm Solution - Lead
Serial entrepreneur before joining PwC
Passionate about technology that has the power to
positively disrupt
Excited by the current converstions about how law
firms are evolving using technology
1
2
3
T.C. Whittaker
thomas.c.whittaker@pwc.com
PwC
1. Challenges for Small & Medium Law Firms
2. Cloud Market Growth & Why it matters
3. Excelling in the Digital Era
4. PwC Law Firm Solution
Agenda
17
The Challenges for Small
& Medium Law Firms
1
49%
Failed to meet annual
targets for billable
hours in 2017
Time
Not Enough
Practicing Law
Top Pain
Points
Too Much Time on
Administrative Tasks
Sources:
Altman Weil’s most recent Law Firms in
Transition survey
Survey by Thomson Reuters
2.5
Daily Hours Spent on
Billable Work
Not
Law Experts
Business Experts
5.6
Daily Hours Spent on
Non Billable Tasks
Sources:
Clio’s 2018 Legal Trends Report
● Growth of the
Cloud & Why it
Matters
2
PwC
Cloud Enabled Apps continue to grow exponentially
• Adoption is high amongst SMBs with over 73%
of orgs looking to move all apps to SaaS by
2020*. IDC Cloud Trends
• Full or partial public or private cloud adoption
in businesses across all industries is at 96%.
• Businesses who have adopted the cloud are
reporting on average:
19% increase in process efficiency
16% reduction in operations costs
15% reduction in IT spending
Cloud Market Trends
22
PwC 23
The truth about data & the cloud
Make sure you understand what people mean when they say “cloud.” Hint: what you hear and assume is
not what they mean…
Material improvements happen when you optimize processes and then enable them with cloud
technologies. These tools assist us in accomplishing goals and objectives faster and cheaper.
Cloud technologies greatest benefit is flexibility in that you can work from anywhere due to the
accessibility of the data. Any device, anytime, anywhere.
When comparing technology spend of on premise vs. cloud technologies you need to include all of the
costs. Hint: people don’t include all of the on premise costs in this analysis.
The cloud will shift the way you do business
56%
Of law firms utilize the
cloud
4%
Plan to replace existing tools
with cloud tools
10%
Increase in cloud
utilization 2017 - 2018
Sources:
2018 Legal Technology Survey Report
RightScale 2018 “State of the Cloud” Survey
● Excelling in the
Digital Era
3
PwC | How you can evolve into a tech-savvy law firm
Embrace the cloud
Adopt an opportunity
mindset.
Leverage
technology tools
Make the leap to
automated systems.
26
Excelling in the Digital Era
Unlock Data Insights
Improve with
business intelligence.
1 2 3
Five apps for back office excellence!
● Paying Bills
● Expenses
● Operations
● Payroll and HR
● Accounting
Transforming into a Data Driven,
Automated, Well-oiled machine.
PwC | How you can evolve into a tech-savvy law firm 28
Paying Bills
• Billing management
• Automated reminders
• Flexible for both electronic and
old-fashioned payments
• Integrates with cloud based
accounting software
• Quick
• Affordable
• Simple
About the solution Benefits
“Any trademarks included are trademarks of their respective owners and are not affiliated with, nor endorsed by,
PricewaterhouseCoopers LLP, its subsidiaries or affiliates."
PwC | How you can evolve into a tech-savvy law firm 29
Expenses
• No more manual data entry
• Mobile app on your phone
• Automated expense recording
• Real-time reporting
• Intuitive
• Easy
• $5/month
About the solution Benefits
“Any trademarks included are trademarks of their respective owners and are not affiliated with, nor endorsed by,
PricewaterhouseCoopers LLP, its subsidiaries or affiliates."
PwC | How you can evolve into a tech-savvy law firm 30
Operations
• Practice management
• Billing and time-tracking
• Client management
• Legal calendaring
• Task management
• Trust accounting
• Document management
• Streamline operations
• Capture valuable data
• Efficiency
About the solution Benefits
“Any trademarks included are trademarks of their respective owners and are not affiliated with, nor endorsed by,
PricewaterhouseCoopers LLP, its subsidiaries or affiliates."
PwC | How you can evolve into a tech-savvy law firm 31
Payroll & HR
• Payroll
• Benefits
• HR
• Compliance
• Taxes
• Fast
• Easy
• More accurate
About the solution Benefits
“Any trademarks included are trademarks of their respective owners and are not affiliated with, nor endorsed by,
PricewaterhouseCoopers LLP, its subsidiaries or affiliates."
PwC | How you can evolve into a tech-savvy law firm 32
Accounting
• Track transactions
• Report on results
• Connect bank accounts &
credit cards
• Record both income and expenses
• Robust app store
• Easy
• Accessible
• Collaborative
About the solution Benefits
“Any trademarks included are trademarks of their respective owners and are not affiliated with, nor endorsed by,
PricewaterhouseCoopers LLP, its subsidiaries or affiliates."
● PwC Law Firm
Solution
The big firm
advantage.
4
● Identify new business
opportunities
● Increase operational efficiency
● Cut costs
● Broad and unbiased view on
spending
● Holistic view of your
operations
● Real-time visibility
Improve Decision making
Unlocking Your Data
Improve Performance & Profitability
PwC Law Firm Solution
Cloud Enable Your
Systems
Get new access to Business
Intelligence
Transform into an automated,
data driven, well oiled machine
From operational efficiency to a
roadmap for growth
Projected Net Income
Collection Breakdown
PwC
At PwC, our purpose is to build trust in society and solve important problems. PwC is a network of firms in 158 countries with over 250,000 people who are
committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/US.
pwc.com | Privacy Statement | Legal Disclaimer | About site provider
© 2019 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each
member firm is a separate legal entity. Please see www.pwc.com/structure for further details.This content is for general information purposes only, and should
not be used as a substitute for consultation with professional advisors. Due to PwC’s independence obligations as a public accounting firm, this offering is only
available to companies that are unrestricted entities of the firm, and is not available to restricted entities.”
Thank you
Thank You
Joshua@clio.com

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The Best Cloud Apps for Ambitious Law Firms

  • 1.
  • 2. The Best Cloud Apps for Ambitious Law Firms How PwC combines the best software to help law firms succeed.
  • 3. The Best Cloud Apps for Ambitious Law Firms How PwC combines the best software to help law firms succeed.
  • 4. Joshua Lenon Lawyer in Residence • Attorney admitted in New York • Certified Information Privacy Professional • Data Protection Officer • @joshualenon
  • 5. Agenda • Efficiency gains are law firms’ chief focus
  • 6.
  • 7.
  • 8. Data Sources in the 2018 Legal Trends Report
  • 9. Lawyers Struggle to Set & Measure Goals
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. What can a law firm do to improve?
  • 16. PwC | How you can evolve into a tech-savvy law firm 16 PwC Law Firm Solution - Lead Serial entrepreneur before joining PwC Passionate about technology that has the power to positively disrupt Excited by the current converstions about how law firms are evolving using technology 1 2 3 T.C. Whittaker thomas.c.whittaker@pwc.com
  • 17. PwC 1. Challenges for Small & Medium Law Firms 2. Cloud Market Growth & Why it matters 3. Excelling in the Digital Era 4. PwC Law Firm Solution Agenda 17
  • 18. The Challenges for Small & Medium Law Firms 1
  • 19. 49% Failed to meet annual targets for billable hours in 2017 Time Not Enough Practicing Law Top Pain Points Too Much Time on Administrative Tasks Sources: Altman Weil’s most recent Law Firms in Transition survey Survey by Thomson Reuters
  • 20. 2.5 Daily Hours Spent on Billable Work Not Law Experts Business Experts 5.6 Daily Hours Spent on Non Billable Tasks Sources: Clio’s 2018 Legal Trends Report
  • 21. ● Growth of the Cloud & Why it Matters 2
  • 22. PwC Cloud Enabled Apps continue to grow exponentially • Adoption is high amongst SMBs with over 73% of orgs looking to move all apps to SaaS by 2020*. IDC Cloud Trends • Full or partial public or private cloud adoption in businesses across all industries is at 96%. • Businesses who have adopted the cloud are reporting on average: 19% increase in process efficiency 16% reduction in operations costs 15% reduction in IT spending Cloud Market Trends 22
  • 23. PwC 23 The truth about data & the cloud Make sure you understand what people mean when they say “cloud.” Hint: what you hear and assume is not what they mean… Material improvements happen when you optimize processes and then enable them with cloud technologies. These tools assist us in accomplishing goals and objectives faster and cheaper. Cloud technologies greatest benefit is flexibility in that you can work from anywhere due to the accessibility of the data. Any device, anytime, anywhere. When comparing technology spend of on premise vs. cloud technologies you need to include all of the costs. Hint: people don’t include all of the on premise costs in this analysis.
  • 24. The cloud will shift the way you do business 56% Of law firms utilize the cloud 4% Plan to replace existing tools with cloud tools 10% Increase in cloud utilization 2017 - 2018 Sources: 2018 Legal Technology Survey Report RightScale 2018 “State of the Cloud” Survey
  • 25. ● Excelling in the Digital Era 3
  • 26. PwC | How you can evolve into a tech-savvy law firm Embrace the cloud Adopt an opportunity mindset. Leverage technology tools Make the leap to automated systems. 26 Excelling in the Digital Era Unlock Data Insights Improve with business intelligence. 1 2 3
  • 27. Five apps for back office excellence! ● Paying Bills ● Expenses ● Operations ● Payroll and HR ● Accounting Transforming into a Data Driven, Automated, Well-oiled machine.
  • 28. PwC | How you can evolve into a tech-savvy law firm 28 Paying Bills • Billing management • Automated reminders • Flexible for both electronic and old-fashioned payments • Integrates with cloud based accounting software • Quick • Affordable • Simple About the solution Benefits “Any trademarks included are trademarks of their respective owners and are not affiliated with, nor endorsed by, PricewaterhouseCoopers LLP, its subsidiaries or affiliates."
  • 29. PwC | How you can evolve into a tech-savvy law firm 29 Expenses • No more manual data entry • Mobile app on your phone • Automated expense recording • Real-time reporting • Intuitive • Easy • $5/month About the solution Benefits “Any trademarks included are trademarks of their respective owners and are not affiliated with, nor endorsed by, PricewaterhouseCoopers LLP, its subsidiaries or affiliates."
  • 30. PwC | How you can evolve into a tech-savvy law firm 30 Operations • Practice management • Billing and time-tracking • Client management • Legal calendaring • Task management • Trust accounting • Document management • Streamline operations • Capture valuable data • Efficiency About the solution Benefits “Any trademarks included are trademarks of their respective owners and are not affiliated with, nor endorsed by, PricewaterhouseCoopers LLP, its subsidiaries or affiliates."
  • 31. PwC | How you can evolve into a tech-savvy law firm 31 Payroll & HR • Payroll • Benefits • HR • Compliance • Taxes • Fast • Easy • More accurate About the solution Benefits “Any trademarks included are trademarks of their respective owners and are not affiliated with, nor endorsed by, PricewaterhouseCoopers LLP, its subsidiaries or affiliates."
  • 32. PwC | How you can evolve into a tech-savvy law firm 32 Accounting • Track transactions • Report on results • Connect bank accounts & credit cards • Record both income and expenses • Robust app store • Easy • Accessible • Collaborative About the solution Benefits “Any trademarks included are trademarks of their respective owners and are not affiliated with, nor endorsed by, PricewaterhouseCoopers LLP, its subsidiaries or affiliates."
  • 33. ● PwC Law Firm Solution The big firm advantage. 4
  • 34. ● Identify new business opportunities ● Increase operational efficiency ● Cut costs ● Broad and unbiased view on spending ● Holistic view of your operations ● Real-time visibility Improve Decision making Unlocking Your Data Improve Performance & Profitability
  • 35. PwC Law Firm Solution Cloud Enable Your Systems Get new access to Business Intelligence Transform into an automated, data driven, well oiled machine From operational efficiency to a roadmap for growth
  • 38. PwC At PwC, our purpose is to build trust in society and solve important problems. PwC is a network of firms in 158 countries with over 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/US. pwc.com | Privacy Statement | Legal Disclaimer | About site provider © 2019 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. Due to PwC’s independence obligations as a public accounting firm, this offering is only available to companies that are unrestricted entities of the firm, and is not available to restricted entities.” Thank you