Law New in New York

Law new is a catchall industry term for companies, startups and even law firm subsidiaries that are reimagining legal services. They are augmenting traditional legal offerings with technology-enabled solutions that can be consumed on demand by legal consumers. These solutions may be delivered via a website, app or other digital platform.

The most popular examples of law new are alternative legal service providers (ALSPs). These companies, startups and their law firm subsidiary partners typically employ innovative, creative and entrepreneurial thinking to develop and deliver legal services that are different from the mainstream.

Some of these firms offer these legal services in the form of a subscription model, while others provide them as a one-time project or event. These legal solutions often have the potential to significantly reduce legal costs, improve client satisfaction and help drive innovation in the industry.

In 2022, a legal services provider may introduce a new service that combines law firm knowledge with software to automate part or all of the legal work required in a matter. The result is that a law firm can focus on higher-value work while providing its clients with cost-efficient legal support. The legal services firm could use this type of technology as an add-on to its existing portfolio of services, or it could sell the software directly to other law firms.

The legal industry is experiencing significant change as it adapts to the accelerated pace of business and the demands of society. The changes are largely driven by legal buyers and corporate Goliaths that have the brand, capital, know-how, customer-centricity, data mastery, tech platforms, agile, multidisciplinary workforces and a footprint in/familiarity with the legal industry to compete against legacy legal stakeholders.

As a consequence of the change taking place, the legal industry will more closely resemble its corporate customers and society at large. Its workforce will be more diverse cognitively, demographically and culturally and it will be more collaborative. It will be focused on delivering accessible, affordable, on-demand, legal products and solutions to meet the speed of business and the needs of society.

The laws of the State of New York are constantly being changed, amended, repealed and/or rewritten. This site strives to publish the most recent laws; however, official reporters should be consulted for the most up-to-date statutory language.