As businesses evolve and with increasing globalization the traditional model of legal advice does not match the business needs of the stakeholders. Our New Law practice is a response to the dynamically changing needs of our clients.
Together with the dynamic tech landscape and increasing volumes of data your people can easily get tied up in high volumes of reactive work. Freeing up resources gives you more time to focus on strategic planning, adding value to your practice and proactively looking to the future. At PwC Legal we anticipate your needs and are ready to help you adjust to these challenges through the five pillars of our New Law offering.
Legal and Compliance function of the future - advising legal departments on how to maximize their effectiveness and benchmarking of legal and compliance functions.
Contract due diligence and remediation - tech enabled bulk review, analysis and rectification of contract portfolios.
Digital upskilling and transformation (paperless) - Feasibility analysis for digitising legal processes and implementation support.
Managed Legal Services - designing process-driven legal work systems enriched with elements from other disciplines and tech coordinated by PwC.
Legal Tech consulting - support in designing a legal technology (Legal Tech) strategy, assessment of implementation readiness and implementation support
Freeing up your resources creates more time for strategic planning and adding value to your practice. We are here to help you on the journey.
The Legal and Compliance Function of the Future will:
We rely on our legal and advisory expertise to help clients realise the benefits of the Legal and Compliance Function of the Future. We also draw on the benefits of being a member of one of the biggest professional services practices in the world.
Below is a typical Legal and Compliance Function of the Future project based on our previous experience:
Traditionally, law firms offer an artisanal approach to their services with a lawyer doing most of the work. Although input by a subject matter expert is important, hanging on to the traditional ways is less efficient and more costly. It is possible to offer clients a bespoke service through a streamlined and efficient model using technology and alternative delivery models where appropriate and relying on layers where they can add the most value.
With our Managed Legal Services (MLS) offering, we can deliver hybrid legal solutions by facilitating the end to end delivery of legal deliverables in a structured and scalable way. We bring together the power of expertise, process excellence and technology, across disciplines.
The delivery of MLS projects will be tailored to the specific requirements of each subject area e.g. contract, litigation, real estate and IP. However, there are many common stages that can be distinguished in each of these areas in relation to project planning, execution and management.
Firstly, we identified the types of contracts and the current analysed the existing process to determine the actions and methodology the new, tech-enabled process should cover. The streamlined process was outlined in the CLM handbook and contracts playbook - this included a breakdown of the standard commercial terms and conditions for the agreements along with the client’s preferred fallback clauses.
We also collaborated with the Client’s IT Team to scope the requirements for a CLM tool, setting out our recommendations for digital improvements. The CLM tool included case and workflow management functions as well as the automation of contract drafting and execution (by e-signature).
Fianaly, we implemented the new model and continued in our role by providing a pool of contract specialists supporting the procurement team within the re-designed function. This project exposed us to all types of contracts in 60+ jurisdictions including the Americas, EMEA and ASIAPAC.
The main benefit of the MLS provided was the centralization and standardization of the function, which led to costs reductions thanks to:
This serves as an example of where our MLS can make a difference but there are many other areas that can be targeted for efficiencies such as compliance functions facing increased regulatory and reporting requirements (e.g. GDPR) or mass litigation scenarios.
Thanks to our experience, support from advisory disciplines as well as new technology we can assist you with the large scale contract due diligence (DD) and remediation projects and add value in a way, which in the past has been usually limited in its application and scope.
the review of commercial agreements, including identification of key provisions such as i) non-standard clauses, ii) liability clauses, and iii) non-assignment clauses;
Thanks to the above we limit the need for a manual review of all the agreements and can target our efforts on the areas where we can add the most value.
Our delivery model assumes two layers of quality control (QC) including: (i) a first QC level, which enhances the quality in real time; and (ii) Subject Matter Expert (SME) review i.e. by an experienced legal professional from PwC Legal Poland practice.
We assisted in determining the scope of the review and categorisation of clauses. These were then reflected in the contract review playbook, including instructions for analysis and dealing with ambiguities. The factual review included two phases:
The review was conducted using an intuitive contract review eDiscovery tool. There was a two-layer review process performed in the tool. The first review was carried out by a Legal CoE analyst, the second by a QC in the team. All the data was captured in the tool which allowed for the creation of customized dashboards and searchable reports for the client.
The key benefit of the applied review method was time saving - the whole process was completed in 3 weeks (including the structuring phase and feasibility checks by the client) - and resulted in 100% accuracy thanks to the tech (AI) and human collaboration. Thanks to our Legal CoE methodology and the use of IT tools, instead of engaging relevant local teams for each jurisdiction, the vast majority of documents was handled by PwC Legal CoE specialists in Poland with on-demand access to local jurisdictions legal professionals as required.
The cost of one sheet of paper (including all related costs, such as printing, transport, archiving) for a business can be estimated as almost 1 EUR.
In order to address the challenges resulting from the transition to paperless document flows, we can assess the digitisation potential for the implementation of electronic document circulation in your business as well as advise on the implementation process, for example, by offering dedicated IT tools.
The delivery of Digital upskilling projects will be tailored to the specific requirements of each subject area e.g. contract, litigation, real estate and IP. However, there are many common stages that can be distinguished in each of these areas in relation to project planning, execution and management.
We assisted the client in:
As a result we assessed the potential for reducing the flow of paper documents at a level of 30%-90% along with business ready typology of documents for primary digitization (i.e. documents that may be executed in digital version only) and specification of related requirements e.g. the legal form of each document or the requirement for a qualified electronic signature.
The key benefit accruing from digitization is a reduction of paper document flow and related cost savings. Based on the above case study, a reduction in the flow of paper documents for a medium-sized client in e.g. the banking sector reaches 60-70%, which translates into a real reduction of costs with savings that can be estimated at 1 million EUR annually.
These are all issues that you are getting to grips with on a daily basis. Use our Legal Tech consulting service to find the best technology to suit the needs of your team and streamline the management of information and process in your organisation.
We also have experience in using a wide range of Legal Tech tools and can decide, which technology is best for a particular project. We will use our knowledge to support you in designing a legal technology strategy, assessment of implementation readiness and offer implementation support.
We will be with you every step of the way and will use are experience in the following areas to help you achieve a return on your investment:
The idea behind Legal CoE is to combine the expertise of our PwC Legal practice with access to a cost-efficient team of skilled legal and paralegal professionals. The Legal CoE is a cornerstone of our delivery model for our New Law strategy.
We have a flexible delivery model, where the Legal CoE can work directly with clients or be supervised and supported by PwC Legal’s experienced lawyers in Poland and across the PwC network. This means that the Legal CoE combines the benefits of a shared service centre with an external legal advisor.
Our methodology is based on the standardisation of documents, workflow centralisation and well-suited Legal Tech solutions used by knowledgeable specialists to compound the value we offer our clients. As a result the Legal CoE offers significant cost and time-saving benefits under the framework of the PwC network.