Special Report

Breaking Tradition: How New Law is Challenging Big Law

As clients adapt the way they source and purchase legal services, competition and collaboration among new and traditional providers is increasing. In the decade since the Great Recession, when alternative options really came onto the scene with the promise of offering a better way, the numbers and types of providers have exploded. Over the next year, we aim to bring clarity around who those alternative providers are, what they are offering, who they are representing, where they get their talent and what piece of the market they have and could attain. You\'ll meet the players, hear from clients, see examples of collaboration, learn the offerings and gain clarity into this rapidly growing segment of the legal services market.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Hand Touch Photo: Rabbit_Photo/Shutterstock.com

The legal business world in many ways is one of a rotating set of buzzwords. Practice areas are cleverly named, director and leader titles are pointedly given, and strategy shifts are regularly framed in “innovative” and “cutting-edge” terms. But sometimes, what results is confusion about what a term actually means—when everybody has a different definition of a term for their own purposes, that term loses some of its meaning.

Perhaps that is already occurring for the idea of “New Law.” Looking to find a separate nomenclature from “alternative legal services providers” (ALSPs), many companies, startups and law firm subsidiaries augmenting traditional legal services have adopted the New Law label as a way to promote innovation. The designation is meant to convey the idea that law is conducted through a new and exciting path, though the practical detail of where exactly that pathway leads differs from company to company. That’s why, for some, New Law is a term that’s hard to define.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Zach Warren

Zach Warren is the editor-in-chief of Legaltech News. Based out of Minneapolis, Minnesota, Zach has been with LTN since 2015. He can be reached at [email protected]

More from this author

Legal Innovation Awards 2021Event

Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.

Get More Information
 

Legalweek Leaders in Tech Awards 2021Event

Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives.

Get More Information
 

General Counsel Summit (GCS) 2021Event

General Counsel Summit is the premier event for in-house counsel, hosting esteemed legal minds from all sectors of the economy.

Get More Information
 

General Counsel Summit (GCS) 2021Event

General Counsel Summit is the premier event for in-house counsel, hosting esteemed legal minds from all sectors of the economy.

Get More Information
 

General Counsel Conference East 2021Event

GCC East addresses General Counsel trends in regulatory, data protection, tech management, legal operations, and leadership.

Get More Information
 

General Counsel Conference East 2021Event

GCC East addresses General Counsel trends in regulatory, data protection, tech management, legal operations, and leadership.

Get More Information
 

Women Influence & Power in Law (WIPL) 2021Event

WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.