Law new is a paradigm shift in how the legal industry addresses customer/end-user needs and expectations. This change will not be driven by lawyers. It will be fueled by large-scale legal buyer activism and corporate Goliaths that possess the brand, capital, know-how, customer-centricity, tech platforms, agile multidisciplinary workforces, and footprint in/familiarity with the legal industry to reverse-engineer existing paradigms. Profits will come from the delivery of impact that drives high net promoter scores and not from adherence to legacy economic models focused on input.
The resulting business models will create new services and solutions that deliver better value to clients and other stakeholders. These new services and solutions will be built around the core principles of transparency, affordability, accessibility, efficiency, and solution-based delivery. They will be backed by data and collective experience to allow for faster, more practical, predictive approaches to complex, risk-driven legal matters. They will help the enterprise reduce significant lost opportunity costs, eliminate costly litigation, and free up management to focus on higher value objectives.
While the new law paradigm has yet to fully take hold, the legal industry is catching on to the idea of offering more than traditional legal help. Some examples include using law firm technology and methodologies to deliver low cost document review services, working with the tech sector to create automated tools that replace certain aspects of legal work and offering alternative billing strategies such as flat fees or value-based fee arrangements.
The legal industry will also look at ways to collaborate with its customers and other stakeholders on innovative initiatives such as using blockchain, deploying smart contracts, or crowdsourcing legal matters. In addition, it will explore the use of artificial intelligence and machine learning to assist its employees and clients.
In 2022, California lawmakers passed over 1,200 laws that became law with Gov. Gavin Newsom’s signature. Some of these laws are major and could significantly alter the state’s economy, politics and culture. Others are more narrow and specific to a particular industry.
How a bill becomes a law
A new law begins with the introduction of a bill by a representative or senator. The bill will be assigned to a committee whose members will research it, discuss it, make changes to it and then vote on it. If the bill passes one chamber of Congress, it will be sent to the other to go through a similar process before becoming a law.
The New York Law Journal covers federal and state law, including federal case law, state statutes and regulations, the Constitution of the United States and its amendments, and decisions by state courts. The journal includes both original and scholarly articles, book reviews, essays and book chapters, and other works that provide an analysis of law and its role in society. The journal is available both in print and online. New York Law Journal is published by the State University of New York Press. For more information, contact the publisher at [email protected] or call (716) 345-4723.