New Law is the practice of offering legal help in ways that are innovative and aimed at producing real change for clients. It’s a concept that all legal firms can embrace and use to their benefit. This means that they can focus on helping clients and also find other ways to generate revenue.
The legal profession is one of the fastest moving industries in the world. As such, it’s important for lawyers to always be on the lookout for new ideas and ways to provide services that are fresh and effective. That’s why the concept of new law has become so popular in recent years. This is a new way of providing legal services that is not only beneficial to clients but can also be a profitable business model for law firms.
While the term new law is often used interchangeably with other industry terms such as “legal technology,” “legal ops,” or “ALSPs,” it should be differentiated from them in that they all focus on internal efficiency, not paradigm shifts that drive customer impact and enhance client experience. That’s because new law is a broader approach to the practice of legal services that combines established process, multidisciplinary expertise, and innovative strategies.
A definition of new law is not easy to pin down. It’s a complex idea that’s been debated for centuries. For example, philosopher Jeremy Bentham defined law as a set of commands, backed by force or threat of punishment, from a sovereign, to which people have a habit of obedience. In contrast, Jean-Jacques Rousseau argued that law reflected essentially moral laws of nature.
Law is the set of rules and regulations that governs a community or society. In the United States, it’s a combination of federal laws, state laws, and local ordinances. It’s also comprised of the decisions made by courts that interpret those laws. The most prominent example of law is the Constitution, which establishes the basic principles that form the foundation for the legal system. Other important laws are statutes, which are created by lawmakers, and regulations, which are created by city agencies.