The Best Cloud Apps for Ambitious Law Firms
When advising law firms, PwC recommends five cloud-based solutions for managing cases, finances, and payroll. Four of these solutions are best in class for small and medium-size businesses, and one is specific to the legal industry.
Why does PwC recommend these apps? This software is designed to enable PwC’s approach to digital technology and solutions. Using a core set of apps, laws firms can drive innovation, extract value from new and existing technology, and best apply people and processes to improve the business.
Join Joshua Lenon, Clio’s Lawyer in Residence, and T.C. Whittaker, PwC’s Law Firm Solution Leader, as they look at the top recommended apps for law firms.
In this one-hour webinar, you’ll learn:
PwC's software recommendations for law firms
The strengths behind each software
How to combine PwC's recommended tech stack for deep insight into your firm's operations
Duration: 60 minutes
https://landing.clio.com/best-cloud-apps-for-law-firms-recording.html
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
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
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
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
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