A legal industry that’s always changing can sometimes be difficult to keep up with. As law firms and legal departments try to find new ways to bring value to their clients, one strategy that’s become a hot topic is “law new.” While it can be hard to define, this practice area can help create a diverse approach to the business of law by offering new services to different types of client.
Taking advantage of new law can offer many benefits for any legal firm. By focusing on this type of practice, a company can increase its client satisfaction and revenue at the same time without compromising other areas of practice that might be the primary focus of the firm. The key to making use of this approach is a solid plan that makes the most of the potential for growth that comes with it.
Some of the most important new laws that took effect in 2023 have the power to change the way Californians live and work. Some of these laws will have a noticeable impact on the daily lives of consumers while others are more narrow or specific to a particular field.
For instance, a recent law that went into effect will ban some retailers from charging more for products that are marketed toward women than for those that are marketed to men. Known as the “pink tax,” this kind of discriminatory pricing has long been a problem in many industries, and this new law is one step toward helping to eliminate it.
Another new law is one that will require companies that have suffered a data breach to immediately disclose this information to the City’s chief privacy officer and to affected individuals. It’s an effort to make the City’s breach reporting requirements more consistent with those contained in state law.
A final example of new law is one that would require the Department of Consumer and Worker Protection to prepare a notice that would inform employees and job applicants about available student loan forgiveness programs. DCWP would then distribute the notice to City agencies and the private sector.