The legal function is struggling to catch up to the speed of business and society at large. While the digital transformation that most enterprises are undergoing is well underway, the legal function is slow to adopt a change management methodology that can help it move at this hyperspeed. As a result, the industry is ripe for disruption. That disruption will produce law new—a paradigm shift that transforms the industry’s purpose to better serve legal consumers and society at large. That shift will occur through customer impact, not self-congratulatory awards and profit preservation.
The new law will be collaborative, flexible, accessible, affordable, and efficient. It will use a variety of technology and multidisciplinary expertise, including non-lawyers, to provide services that are both innovative and practical. It will also integrate the legal supply chain, erasing artificial, lawyer-created distinctions between provider sources. This will include collaboration between law firms and in-house departments, allied legal professionals and corporate businesses, and across the legal industry.
It will use agile, multidisciplinary teams that combine a deep understanding of law with the ability to collaborate across disciplines. It will utilize a mix of technology, data, and analytics to make the legal process more effective and less cumbersome. It will also use a range of pricing models that reflect the actual value delivered to clients and the cost of providing legal services. This will include fixed price projects, value-based pricing, and alternative fee arrangements.
Law new will be shaped by two principal forces: (1) legal buyer activism and (2) corporate Goliaths that have the brand, capital, know-how, customer-centricity, data mastery, tech platforms, agile, multidisciplinary workforces, and footprint in/familiarity with the legal industry to upend legacy delivery models. These companies are the best bets to turn the new law into a reality.
One of the most interesting characters in the One Piece universe, Trafalgar Law has quickly become an integral part of the story. Since his introduction to the fanbase in the Punk Hazard arc, Law has played a crucial role in the battle against Yonko Big Mom and is one of the strongest pirates in the One Piece world. In fact, he was recently revealed to be even stronger than fans expected.
New York City’s latest laws and regulations aim to combat gender inequality by requiring retailers to post the pay range for jobs on job postings and by prohibiting the “pink tax,” which is the practice of charging higher prices for similar products marketed to women. The City is also implementing other changes to increase transparency in the workplace, including requiring that employees and job applicants be made aware of student loan forgiveness programs. It’s still unclear how much these new laws will affect the city’s employment landscape, but they’re a step in the right direction.