I still process generic snaps, since nobody wants you to send them a 20MP image, and, until recently, I had a bandwidth cap.

But yeah, better ability to recover shadows. Better ability to recover highlights (there's an extra stop that would be clipped to white in JPG that you can claim back from a RAW). Better/smoother gradients when applying white-balance, curves, or other modifications. Adobe's noise reduction was superior to everybody else's too... but, recently, some Canon rep said the latest DPP does a better job than the latest Lightroom (when talking about the 7D2). I have not tested that claim.