How to Take Advantage of New Law

A growing legal firm needs to consider how it will take advantage of new opportunities as they arise. For some firms, this will mean looking at their practice areas and coming up with ways to provide services in different and innovative ways. For example, new law may encompass working with underserved communities or creating strategies that have not been a part of the industry in the past. New law can help a legal firm discover a new source of revenue and find new ways to serve clients.

The concept of new law is a broad one and many firms have taken the time to look at how they can benefit from this area of practice. While this does not need to be a core focus of every practice, it is something that all legal firms should consider and understand how this can be used to their advantage.

Legal technology has been a end unto itself for some “legal techies.” However, to be impactful, technology must be a component of a bigger strategic plan whose end game is to improve customer/end-user experience and outcomes. This is a multidisciplinary team sport that includes legal practitioners, “techies,” process/project managers, data analysts and allied legal professionals.

Currently, the major law firms and in-house legal departments are the dominant provider sources. They have different economic models, cultures, remits and technology platforms. Yet they collaborate extensively with a range of other service providers (e.g., accounting, IT and HR). This is good delivery hygiene but not a paradigm change that moves the legal industry to customer-centricity and drives profitability by customer/end-user impact and net promoter score, rather than legacy profit metrics based on input.

New laws are being created all the time and it is important for lawyers to know how to use them to their advantage. The idea behind these laws is to ensure that all citizens have the opportunity to receive quality healthcare. They are also aimed at making sure that all citizens have access to education and that they are able to live a comfortable life. The government has made it easier to make changes to existing laws and to create new ones by making the process faster and more efficient.

A bill is introduced in either chamber of Congress by a member who sponsors it and then is voted on. Once passed, it is sent to the other chamber for approval. The whole process can take months or even years, depending on how complicated the legislation is. For example, if the bill has to go through both chambers, it will likely have to be redrafted multiple times. This will give both parties an opportunity to review the proposal and make changes that will improve it. Once the bill is redrafted, it can be voted on again. The final product is a new law that will help the nation move forward and become a better place to live. The laws are always changing so it is important for all citizens to stay up-to-date on how they affect their everyday lives.