In the context of legal, “law new” refers to new ways that legal firms provide services. It often means a move away from the traditional partnership track for staffers and a shift towards alternative fee structures. It also involves a new emphasis on process and technology in the delivery of legal services. This is a different approach to how legal services are delivered and it is one that many firms are beginning to embrace.
Law new will bring a more holistic, diverse, tech and data-proficient, empathetic, team-oriented legal industry that more closely resembles its corporate customers and society at large. This industry will have a more integrated, agile, and collaborative workforce that works cross-functionally with business units within the enterprise, as well as external stakeholders, in solving challenges, identifying and capturing opportunities at speed. It will possess the enabling technology of platform law that will facilitate accessible, affordable, on-demand, and scalable legal products and services that address complex business issues.
The legal industry is in a transition to law new and the pace of business and social change continues to accelerate. This is creating significant pressure on legacy legal stakeholders to make the leap to law new. The question is whether or not they will do so in time to meet customer and societal demands.
If they do not, they risk losing market share to a growing group of legal buyers who are transforming the legal industry and demanding new solutions and service models. Those legal buyers are looking to buy legal services that are as dynamic and innovative as the rest of their businesses, with the added benefit of lower costs, predictability, and increased value.
New law is a new approach to the practice of law that is shaped by two principal sources: large-scale legal buyer activism, and corporate Goliaths that have the brand, capital, know-how, customer-centricity, data mastery, tech platforms, agile multidisciplinary workforces, and footprint in/familiarity with the legal industry.
This bill would require the Department of Consumer and Worker Protection (DCWP) to prepare a notice regarding student loan forgiveness programs for DCWP employees and job applicants.
This bill amends the rules of the Department of Consumer and Worker Protection to prohibit injurious conduct by licensees toward Department of Consumer and Worker Protection employees. It also establishes penalties for certain violations and adds requirements relating to the use of automated employment decision tools. It also makes changes to the definitions of several other regulations. This bill is effective immediately.