Law Firm Services

Working side by side with our clients to add value to law firms and their partners throughout the world.

Overview

In today’s digital, client centric economy, law firms face significant challenges. To navigate these challenges, firms need a trusted advisor who understands how to turn these challenges into advantages with both traditional issues like strategic planning, consolidation, cost management, pricing & profitability and newer ones like delivering a digital experience, artificial intelligence, cybersecurity & privacy and crypto currencies.

How PwC can help

PwC offers a full range of services tailored to meet the needs of law firms. Our Law Firm Services (LFS) practice brings a singular, specialized focus on law firms. Our global network is able to provide the guidance and in-country knowledge you need to transact business and handle global, national and local tax issues. We are able to provide timely and insightful answers to your questions, and have a long and proven record as a trusted advisor to clients, which include the majority of the AmLaw 100.

Watch our Navigating the Tax Cuts and Jobs Act of 2017 spring webcast

We address the provisions most relevant to law firms, and discuss how firms should be addressing the new Act for the benefit of their firm and its partners. The webcast addresses in more detail: 

  • Overview of the Act that will impact law firms and partners 
  • Nondeductible expenses and fixed assets 
  • Section 199A pass-through deduction and restructuring considerations. 

Watch PwC's tax reform webcast for law firms

Impact of tax reform for law firms

With the passage of The Tax Cuts and Jobs Act of 2017, signed by President Trump on December 22, 2017 – many law firms are evaluating how the new legislation will impact their firm and partners as well as evaluating how they can best position their firm for the future.  At PwC, our subject matter specialists are continually evaluating the new tax law and providing valuable insight for our clients. For more information, bookmark our Tax Reform Readiness website.

PwC’s Law Firm Services

As a leader within the accounting profession with a full range of dedicated services for law firms, we can help guide your firm through change by identifying ways to improve financial operations, and by improving internal controls, developing risk strategies, managing talent, and helping identify, qualify and integrate acquisitions.

Our services include:

  • Long term strategy development and implementation
  • Partner compensation and structuring
  • Pricing and profitability
  • Domestic and international tax structuring and compliance services
  • Domestic and international tax consulting
  • Risk management and governance
  • Knowledge management
  • Talent management
  • Benefit plan consulting
  • Assurance services

Law firm benchmarking

For almost 60 years, the PwC Law Firm Services Group has provided premier law firms with comprehensive benchmarking information on a broad range of management topics that confront law firm leaders. Participation in our benchmarking program can allow your firm to: gain a deeper understanding of its position in the market; identify potential opportunities to improve profitability; and make better informed strategic decisions.

PwC’s three law firm survey offerings

Advisory services for law firms

Business as usual is not an option for law firms. Like other industries, law firms have been impacted by technology, disruption and client demands for a changing business model.  Leading firms look to PwC to help them adapt to this changing landscape to successfully navigate the turbulent seas and position them for long-term growth and success. Popular areas of focus include: Digital Transformation, Artificial Intelligence and Cybersecurity and Privacy.

Digital innovations are changing the way legal services are being delivered and received. Law firms that are quick to adopt these changes will have an advantage over their competition. PwC’s Digital Services practice works with organizations to help them with their digital business transformation strategy and implementation.

Artificial intelligence is disrupting the status quo, changing how law firms can interact with their clients. PwC’s data and analytics practice works closely with clients to help them make faster and better decisions. Learn more about PwC's Data & Analytics practice.

Multiplying cyberthreats have made an effective cybersecurity program a critical business requirement. PwC’s Cybersecurity and Privacy practice helps organizations protect against threats, propel transformation and pursue growth. Learn more about PwC's Cybersecurity and Privacy practice.

Long-term strategic planning has become increasingly important for law firms. PwC’s Strategy& brings specific and deep global expertise that can help law firms adopt responsive solutions, adapt to change in a compressed time frame, and apply transformational strategies that enable them to better fulfill their missions. We work with our clients to develop strategic visions, improve business processes, reduce complexity and build new capabilities for long-term success. Strategy& Strategic Planning practice.

Contact us

David Gaulin
US Law Firm Services Practice Leader, PwC US
Tel: +1 (646) 471 1810
Email

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