Law new is a term that has gained currency among companies, startups and law firm subsidiaries augmenting traditional legal services. It’s meant to signal a different pathway for the industry, though the practical detail of where exactly that path leads differs from one company to another. The term is also sometimes used to describe the broader movement of technology in the legal sector, including artificial intelligence (AI), robotics and blockchain.
A law is a set of rules and principles that governs activities or relationships between people and that are enforced by courts, governments and other entities. The law is the legal basis of a society, and is created by a legislative body or by a court of law. Laws can be made in the form of a statute or a treaty. Statutes are laws enacted by a legislature, usually in the form of bills or joint resolutions. A law may be either public or private. Public laws deal with matters that affect the general public and become laws, or statutes, once they have been approved by Congress and signed by the President. Private laws, on the other hand, are not public and may not be enacted into law.
Providing notice of student loan forgiveness programs to City agency employees and job applicants.
This bill would require the Department of Citywide Administrative Services, in consultation with the Department of Consumer and Worker Protection, to prepare a notice for City agency employees and job applicants regarding federal and state student loan forgiveness programs. DCWP would then make the notice available on its website and provide it to City agencies for their use in distributing to employees and job applicants.
Bankrupt adtech company MediaMath wants to close its Chapter 11 case because it has sold off everything it has for $22 million. This and other bankruptcy news lead this week’s Law New, a weekly roundup of legal and business developments from around the country.
Law firms adapting to the new realities of legal practice
As law firms adjust to a new reality, many are implementing new technologies and modifying their business models. The most successful law firms will be those that move quickly to embrace these changes and make them part of their business model. Those that fail will be left behind. This week’s Law New rounds up a few of the most notable innovations and some of the ways that law firms are embracing them.