Law is a complex field and as the world around it changes, so does the legal industry. As such, law firms must embrace new ideas at every turn to stay competitive and serve clients in the best possible way. One concept that is growing in popularity is known as “law new.” It is a term that may not be immediately clear, but when lawyers understand the nuances of the concept they will find it can help them unleash new possibilities for growth and client satisfaction.
Often, the idea of law new is associated with alternative ways of practicing law, whether that be through a non-profit, a startup or a law firm subsidiary that augments traditional practice areas. The goal is to offer specialized help for specific legal problems, often at lower prices and under a different model than that of traditional law firms.
The law of a country or territory is the body of rules and principles that governs an area of law and sets out rights, obligations and duties between its citizens and governments. It is made up of constitutional, statutory and regulatory laws, as well as case law and local laws, ordinances and regulations. The law of a country is often divided into federal and state levels. In the United States, the law is a combination of the Constitution, laws passed by Congress and the state legislatures and periodically codified in the New York Consolidated Laws, and decisions by courts interpreting those laws.
The law of a city, on the other hand, is the body of rules and principles that governs a particular municipal jurisdiction, such as the City of New York. The law of a city may be comprised of constitutional, statutory, and regulatory laws as well as ordinances and rules issued by the Mayor. The law of a city is often divided into municipal and borough levels.