A new law is an idea or practice that benefits clients in innovative ways. This typically means using technology, focusing on process and working outside of traditional settings such as the standard law office. It also includes taking on cases in different areas of the law or working with underserved communities. The goal is to use the new law to help people, not make profits.
The legal industry has not yet undergone a paradigm shift from provider to customer-centricity. This will result in a shift of focus from internal efficiency and profit preservation to client impact and customer satisfaction. It will replace the legacy delivery model of outdated legal education, self-regulation and fee protection with a purpose-driven customer-centric business model fueled by output and net promoter score.
Getting a new law approved by Congress is not easy. A bill to create a new law can be introduced in either the House of Representatives or Senate by a legislator who sponsors it. It is then assigned to a committee where it goes through the process of research, discussion and changes before it can be voted on. If it passes both chambers of Congress, it becomes a law and is published in the Federal Register.
Once a new law is passed, it must be signed by the President of the United States before it can become a final rule. Then, the new law will be implemented in the state’s court system. The new law will become a part of the state’s laws and can be used to determine the rights of property owners in the state. The new law will also govern the way that lawsuits are filed in the state.
While law new is a catchall industry term, it can be defined more specifically as the integration of legal services with their corporate customers and society at large. This will involve an empathetic and collaborative approach to delivery that is fluid, agile and solution-based. It will be supported by a platform-based delivery structure that is interconnected, allowing the legal function to work cross-functionally with other enterprise business units and across industries.
To be effective, legal service providers will require mastery of data agility — which includes capture, unification, applied human and artificial intelligence, visualization, real-time refresh and decision driving. This will allow them to be proactive in identifying and eradicating risk, capturing opportunities and freeing up management time to focus on growth. It will also enable them to drive significant value by enabling business and stakeholders to avoid high-cost, protracted litigation and risk-driven, transactional costs, increase the quality of their legal work through predictive analytics, and improve the predictability and cost efficiency of the entire delivery process. It will produce legal services that are accessible, affordable, on-demand, scalable and integrated with their end-users’ business and life at the speed of their customers and societies. The legal function will become more holistically diverse — cognitively, demographically, culturally and experientially. The industry’s workforce will be more creative, tech and data-proficient and empathetic.