The legal world is constantly changing, and that means that firms must be open to new ways of approaching client work. One way that lawyers can do that is by exploring what’s known as law new, a practice area that involves providing legal services in non-traditional ways. While this type of practice may only make up a small part of the overall legal industry, it can offer attorneys the chance to create strategies that generate revenue and meet client needs in ways that were not previously possible.
Law new can take many forms, but it usually refers to alternative legal service providers (ALSPs), which are companies that augment traditional law firms with a range of different services. They can include a wide variety of tasks such as providing pro bono legal services or delivering legal help through digital platforms like apps and software. They typically have a different organizational structure than traditional law firms, including staffers who are not on the partner track and often operate outside of a law firm’s standard office space.
As you explore the world of law new, it’s important to understand how these types of businesses are structured and how they work. Then, you can determine if this is an area that’s right for your firm and how to best use it to your advantage. By doing so, you can be sure that your clients get the kind of help that’s necessary without compromising other areas of legal practice that might be the firm’s primary focus. This is why it’s an area of law that all firms should explore and learn about.