Like so many other professions, the legal profession is one of rapid changes. Lawyers constantly face new challenges that arise quickly. What worked one quarter may not be as effective the next. One idea that has taken hold in recent years is that of the idea of new law. New law is not always easy to define. In general, it refers to the idea of providing legal services in entirely new ways. That can mean working with underserved communities, coming up with new ways to reach out to clients and creating strategies that have not been a part of traditional law practice in the past. All those who are choosing to make the legal field their own should be aware of what this term means and how it can impact their field of law.
The Concepts of New Law
While this concept can be quite hard to pin down, there are certain aspects that are readily apparent. The idea of new law means benefiting clients. It also means using new ways to deliver legal services, embracing technology and focusing on process. It also typically means a field of law where the staffers are not on a partner track and the work is not done in a standard setting such as a law office. This form of practice also means this area of law is overseen by a separate leadership then is traditionally found in standard practice and uses a varied and non-traditional form of fee structures.
This concept is one that all legal firms today can embrace to their benefit. Understanding how it works is the key to creating value. It is important for all those in the legal field to know what it means and why they might to wish to explore this form of service. A well thought out plan making use of new law techniques can offer the help that some clients need without impacting other areas of legal practice that might the primary focus of a legal firm. It’s possible to take aspects of this idea and use them as stand alone means to generate revenue and client satisfaction.
A Broad Definition
The general elements of this kind of legal practice are clear. Working out the details can be done on an individual basis in accordance with client needs. For many modern legal firms, this is a way to offer all kinds of additional legal services. It is important to understand the difference between this form of legal help and the idea of outsourcing. The essential key is that such services are being supervised by those at the firm. Unlike outsourcing where all is done by the company being hired, this form of service is one that ensures that the firm controls what happens and how it happens. The ideal is to all they can to provide value in every possible way. This allows the client to receive many kinds of legal services from the client that might otherwise be lost to a competing organization.
More Than Price
In the past, the idea of new law tended to be about one thing and one thing only: price. Now, law firms are increasingly seeing this practice as a chance to do more. This is why they’re thinking in terms of strategy. Strategy means understanding how best to unleash potential and offer the kind of help so many clients need in every possible way. In the past, it was all about finding ways to deliver services by looking for ways to cut salaries, reduce the use of full time staff and find less expensive operating locations. This process is still in place but there’s a new focus at the same time. It’s about offering the kind of legal help that can be done more efficiently and serve as a secondary focus for the company’s main legal efforts.
Evolving and Growing
New law is, above all, about growing and expanding. The practice of law means being open to new ideas at every turn. All lawyers need to understand how they can harness the ideas inherent in this concept to their advantage. Right now, the field is only a small part of the overall practice of law. However, as lawyers look to the future, it’s one that is likely to see enormous growth. Working closely with many types of new law practices can help any firm discover a new source of revenue and new way to do business. That makes this one area of the law deserving very close attention.