With the start of a new year comes the opportunity for a fresh start. For the legal field, that means the possibility to embrace a new approach to the practice of law. This is known as law new, and it is a practice that is rapidly gaining in popularity. All lawyers should understand this concept, and how to leverage it to their advantage.
Law new involves offering a form of legal assistance that differs from the traditional approach. In most cases, it involves utilizing a non-traditional staffing model and a different fee structure. It’s also about embracing technology and working in ways that are geared to the modern client. It’s not a practice that’s right for every firm, but when executed well it can add a great deal of value to the overall client experience.
The term “law new” is often used to refer to alternative legal service providers (ALSPs). However, it can also be used to describe other innovative approaches to the practice of law, such as those offered by a number of startups and new legal services companies.
For example, a company that uses technology to provide legal assistance might create a separate subsidiary company that serves clients with more specialized needs. This type of subsidiary can be managed by a partner who has expertise in that specific area of the law. This allows the company to focus on serving a particular niche of clients without impacting the core business.
This approach is not without its challenges, as many of these businesses are still growing and developing their processes. Additionally, some of these businesses are struggling to find profitability. Despite the challenges, some of these companies are succeeding in the long-term by creating innovative and successful models for the practice of law.
A more traditional approach to the practice of law is to work within a firm that has the resources to offer full legal services. While this is an effective approach, it does not provide the flexibility of an alternative legal services provider. The key to success in this model is to create a strategy that is focused on delivering the best possible client experience.
This article discusses laws that took effect on January 1, 2023, including a number of bills that address issues as diverse as workplace safety and hairstyles. In Illinois, a new law requires health insurance plans to cover medically necessary hormone therapy for women who have undergone a hysterectomy and thus experienced induced menopause. Another new law makes it easier for victims of domestic violence to file protective orders by allowing them to do so online or by phone.