Law new is the nomenclature for legal tech startups, law firm subsidiaries augmenting traditional legal services and other firms promoting innovation in the delivery of legal services. The term may be misleading because it suggests that legal service providers are taking a fresh approach to the law, but in fact, the practical detail of how they conduct business remains very similar to existing models.
LAW: Legislation passed by Congress or another legislative body, also known as a statute.
The process of creating legislation begins with an idea for a policy change, which is then written as a bill. Bills can be introduced by a senator or member of the House of Representatives, or they can be recommended by constituents, State agencies or other organizations.
Once a bill has been debated and amended, staff write a committee report on the bill that sets forth its purpose and scope, and provides a section-by-section analysis of the bill. This is an important part of the legislative history of a law; courts and executive departments rely on this information to understand the meaning and purpose of laws.