Law is a rapidly changing profession. What was the hottest area of practice one quarter may not be the case the next. The challenge for legal firms is to find ways to keep up with the changes and ensure they continue to grow. One way of doing this is by exploring new areas of practice that may not necessarily be part of the traditional legal services offered. One example is “new law,” which is an area of legal service that focuses on helping clients with business-related matters. This can be a very valuable and lucrative form of legal help for some companies, and it is something that all lawyers should be considering in the future as a means of expanding their client base and adding value to their businesses.
Law new is an area of legal practice that is a bit difficult to pin down exactly, but it generally refers to a different approach to legal work than what is typically done by large firms. This includes using a wide range of strategies that can help with business issues and other matters related to the company’s operations, including the use of technology and focusing on process rather than a standard approach to billing and billable hours. It can also encompass a variety of other approaches to legal work, from working with underserved communities to coming up with new strategies for helping clients deal with specific situations and problems that they may be facing.
While many startup companies and some law firm subsidiaries that augment traditional legal service providers have adopted the moniker of “law new,” it is hard to determine if this is a true separate category for the industry. In the short term, it is likely that some of these entities will end up becoming part of the legal service mainstream as they prove their value to the market. In the long run, it is possible that they will come to be seen as a separate alternative to traditional legal service, much like “alternative medicine” has become a distinct sector of the healthcare industry over the past decade.
The legal industry will become more holistically diverse, cognitively, demographically and culturally, and its workforce will be more collaborative and customer-centric. It will be supported by integrated platforms with a customer-driven, purpose-driven and data-backed delivery structure that is more fluid and on demand. Profit will not be derived from adherence to a legacy economic model that is driven by input and self-congratulatory awards, but instead from delivering customer impact that drives high net promoter scores.
This bill would require City agencies to disclose data breaches involving the private identifying information of individuals to the City’s Chief Privacy Officer, the Department of Consumer and Worker Protection and certain other stakeholders, as well as to affected individuals. This bill would also amend the City’s data breach notification laws to align them with requirements in State law.