NewLaw

Transforming what matters - When legal teams recognise the need for change, but don’t know where to start, NewLaw helps to baseline your current state and prioritise your transformation agenda. Starting with a diagnostic of your legal function across people and external counsel, process and technology, and benchmarking against industry peers and global best practices, we co-develop your strategy and transformation roadmap. Leveraging our extensive experience, we can also help you implement these recommendations - including scoping, delivery and change management. Our approach is the subject of a Harvard case study on client-centred legal innovation. 

Using technology to super-charge your performance - Navigating the fast-moving LegalTech market can be tough! Are you leveraging your current tech stack to its full potential? Do you opt for multiple point solutions or an integrated platform? And what features are 'must-haves'? Our experts help you identify, assess, procure, configure, integrate and embed the most fit-for-purpose legal technologies to improve your legal team's performance - all within your budget envelope and security requirements.

Future-proofing your legal department through data - Legal functions often overlook the power of data, particularly the opportunity to leverage their data to unlock material, future value for their organisations. We help legal teams create and harness their data to inform metrics and enable data-driven decisions. This includes designing an underpinning data architecture and governance framework which integrates all of your core processes and technologies, and developing a reporting framework (with fit-for-purpose data visualisations) which supports your legal team's tactical and strategic decision-making.

Focusing your efforts on more strategic work - Our experience shows that up to 30% of in-house lawyers’ time is spent on 'non-legal' or lower value work. Partially or wholly outsourcing more standardised and lower-risk activities releases your legal team's time to focus on the work that truly matters. Our managed legal and operations services range from transaction-specific support work to holistic solutions for entire subsets of legal departments. Whether near-shore or offshore, we provide the governance, processes and quality assurance to rapidly embed and operationalise effective outsourcing as a fully scalable turn-key solution.

Contracts form the foundation of every commercial relationship - Whether it's the in-house legal team, procurement, sales, finance or management, the entire business gets involved in contracting, and needs an efficient, data-driven and cost-effective way to manage the entire contract lifecycle. PwC can help the in-house legal department and other functions reimagine the client contracting process. Our services cover all aspects of the contract lifecycle and assist you to monitor, manage and execute the lifecycle phases from drafting and negotiation with third parties, through to approval, e-signature and document storage.

PwC's NewLaw legal management platform also supports statistical analysis of contract data, integrating the management of multiple contract versions and direct access to relevant contracts so you're always working with the latest draft documents, allowing you time to focus on identifying and mitigating potential contract risks. 

Once a contract is signed, its life begins - While many business executives relegate an executed contract to an online archive, or the equivalent bottom drawer, every contract contains a number of obligations which need to be performed by different parties to the contract. How can those obligations be managed systematically and efficiently without missing critical performance deadlines causing you or other parties to be in breach of the contract?

PwC's NewLaw services and legal transformation platform can assist you to monitor those key obligations and manage the risks of obligations not being fulfilled on time, or worse, not being fulfilled at all. To help you identify tasks and risks in time, our platform has functionality to extract key obligations and prompt you with automatically set reminders at relevant times, for example, for delivery, acceptance, invoice and payment dates and related criteria.

Best practice governance requires organisations to keep oversight of all legal matters - Whether you're the Chief Legal Officer, General Counsel, a functional business leader or other C-suite executive, easy and accessible visibility of all relevant legal matters and related data will enable you to make strategic and timely decisions for your organisation.

PwC's NewLaw legal management platform can assist you to monitor and manage a wide range of legal matters from contract management, contentious case management, intellectual property management, document management and knowledge management, to external lawyer management, budget management, entity management, corporate governance, and compliance management. 

To facilitate visibility and internal stakeholder understanding, our platform also includes management dashboards, a legal metrics database and other functionality to help our clients achieve full connectivity and visibility of relevant legal matter corporate data. PwC can also customise legal management modules for your organisation enabling more bespoke data insights into your legal matter management.

Managing law firms, vendors and other third parties to maximum advantage - Retaining external law firms and other vendors to provide specialist legal advice, and fill resource gaps when the in-house legal team is beyond capacity is essential to seamless delivery of in-house legal team service. To maximise the value of engaging external lawyers or other third parties, you need to source the right professionals for your project, be able to collaborate easily, and have ready access to invoices and data which support an assessment of their performance and cost-competitiveness with other firms.

PwC's NewLaw services and legal transformation platform can assist you to manage your relationships, budgets and work allocation across law firms, external lawyers and other vendors for your entire portfolio of in-house projects. This is done through data analytics, dashboards and reporting, which inform your decisions about which matters should be handled by external lawyers and vendors.

PwC's NewLaw legal management platform provides visibility and management of all corporate entities and related documents to facilitate compliance with regulatory and tax compliance requirements. System features include: basic entity information and document management, intelligent deadline calendaring and reminders for timely compliance of matters in different regions, tracking and managing all shareholder and director changes, automatic creation of corporate organization charts based on shareholder information, and cross-region and cross-organisation visualizations of organizational structures based on tax and financial data.

Commercial transactions are the main driver of business for every company - PwC's NewLaw legal management platform provides a unique way for company management (not just the legal team) to understand and control transactions across the lifecycle of the matter. Documentation is collated around key control points before, during and after a transaction is concluded. This module can be integrated with other legal management modules such as contract management, third party risk management, legal management, etc. , to make it convenient and seamless for company management and general counsel to find specific legal and commercial data, relevant contracts, documentary evidence, etc. 

PwC's NewLaw legal management platform also provides other management functionality, for example, Data and System Management, Employee Management, Asset Management, Funds Management, etc.

Differentiated performance is underpinned by strategy execution at all levels of your firm to drive transformational change and deliver results that clients and employees value. Our award-winning transformation approach and deep SME capabilities drive quantifiable change and real outcomes for our clients. PwC NewLaw specialises in optimising enabling functions for mid-size, large and global law firms - from finance and HR to procurement and IT. Build a cohesive, service-orientated culture and an employee experience that differentiates your law firm. We understand organisational change and adopt an integrated approach to L&D, employee engagement and capability building to deliver your transformation initiatives.

Your lawyers are the foundation of your business, and their ability to manage legal work is a key driver of your firm's overall profitability and culture. Future-fit law firms deliver legal work efficiently and effectively, form and retain high-performance multi-disciplinary teams; and embed process improvement and services innovation. These outcomes require strong skills in leadership and communications, project management and continuous improvement - which are not traditionally taught in law schools. PwC NewLaw offers industry-leading and accredited SMEs in legal project management, legal services design and leadership.

The legal ecosystem is becoming increasingly integrated both horizontally across different service providers, and vertically across legal supply and value chains. Market-leading law firms leverage the benefits of outsourced legal and operational services, via internal shared service centres and captive LPOs, near-shore and offshore capabilities. Partially or wholly outsourcing more standardised and lower-risk activities unlocks capacity to focus on the work that truly matters. Our services range from transaction-specific support work to outsourcing entire functions. PwC NewLaw provides the governance, processes and quality assurance to rapidly embed and operationalise effective outsourcing as a fully scalable turn-key solution.

PwC NewLaw helps firms to navigate the rapidly evolving legal tech market, and identify the key technology platforms to future-proof their legal practice. We support all aspects of your data and digital transformation - from requirements analysis to business case, procurement, integration, configuration and embedment. We start with  understanding how your existing IT infrastructure can be optimised, how current ways of working can be automated, and design your underpinning data framework. We have you covered for a myriad of legal tech platforms including document management and automation, matter management, secure collaboration portals, AI-enabled document review and e-billing.