Law new is a concept that can be hard to define. It typically means a field of law that provides legal services in a different way than traditional firms. It can be focused on benefiting clients in innovative ways, utilizing technology and focusing on process. It also can be a form of practice that is overseen by leadership separate from the partners in a firm and often uses a more varied type of fee structure.
Regardless of how it is defined, this is an area that should be a priority for all firms to understand how to utilize. A well thought out plan leveraging this form of practice can offer the kind of help that clients need without impacting other areas of law that might be the primary focus of the company. It can also serve as a way to generate revenue and client satisfaction while providing an additional source of income for a firm. This is an idea worthy of close attention and consideration by every legal firm.