The term “law new” has become a catchall for a host of legal industry ideas and initiatives that range from leveraging technology to embracing diversity. But it’s worth pondering whether these efforts have produced change that is impactful to legal consumers and society-at-large.
The answer is an unequivocal no. New law has yet to produce a single new paradigm that reverse-engineers the legal delivery process from the end-user perspective. Instead, it has delivered nothing more than incremental improvements in delivery efficiency and a new generation of tech-savvy legal “techies.”
Legal buyers have been able to acquire better pricing through the exploitation of economies of scale, shared service providers, management of legal risk, and integration of the legal supply chain. But the most meaningful changes to legal delivery will come from new market entrants with brand, capital, know-how, agile, multidisciplinary workforces, advanced tech platforms, and footprints in/familiarity with the legal industry.
As these new market entrants consolidate the industry through vertical and horizontal integration, joint ventures, managed services, and other collaboration mechanisms, they will erase artificial, lawyer-created distinctions between provider sources. That will unleash a fluid, integrated legal product and service delivery model that rivals the best of business as usual in other industries.
This type of law will harness the power of data, provide real-time refresh, drive decision driving, and deliver global business integration that is nimble enough to address problems and capture opportunities at the speed of business and society. It will also allow the legal function and its cross-functional enterprise colleagues to avoid significant lost opportunity costs from protracted disputes, free up management time for core objectives, and produce more-informed risk assessment and business decisions.
In the Punk Hazard arc, fans watched as Law developed from being a side character to a major force in the fight against Yonko Big Mom. He is a force to be reckoned with and has become a fan favorite. Now, fans are waiting to see how Law will evolve as the story continues.
The first step in a bill becoming law is when it’s formally introduced to either the House of Representatives or Senate. It’s then assigned to a committee that will research the issue, discuss it, make changes, and vote on it. If the bill passes through both chambers of Congress, it will be sent to the President for his signature. After that, it will be a public law known as an Act. During this process, the lawmaker who sponsored it may change or add to the existing laws of the United States. These are called supplemental acts and may be constitutional, statutory, or regulatory. They are not a part of the original bill that was passed by Congress. However, they can be added later by a new Congress. These are known as amendments to existing law. This is considered a law new.