NewLaw

NewLaw is an alternative model that engages technology, new business models, and workflows to deliver legal services. 

What is NewLaw?

You may have heard of an emerging new trend sweeping the Legal Industry called NewLaw but what does this term really mean?

 

In 2013, Eric Chin formulated the term ‘NewLaw’ and defined it as: 

“Any model, process, or tool that represents a significantly different approach to the creation or provision of legal services than what the legal profession traditionally has employed.” (ALPMA)

This model challenges the traditional notion of how law firms operate, from billing hours to work productivity. NewLaw invites new processes and technology to transform the way legal services are delivered to clients.

NewLaw systemises and packages legal work with technology to make legal services more scalable and therefore affordable. It simultaneously streamlines legal work and communication so practitioners can offer on-demand assistance and client-focused services. 

 

Artificial Intelligence - Automation 

Software that enables firms to streamline their repetitive internal processes which remove bottlenecks so practitioners can spend time doing what matters.

General use: 

  • Used to reduce the number of documents lawyers have to review

  • Tasks that are repetitive will be tracked, recorded and can be replayed without the need for complex code.

  • Software templates to create filled out documents based on data input. 

  • Legal analytics to generate trends and patterns in case law and win/loss rates. 

  • Concept clustery uses technology to read the documents and cluster them based on concepts.

  • Statistical algorithms which look for patterns of words in documents and rates them, then groups and clusters them based on the algorithms.

  • Word clouds which provide a fast way to view the general content of documents by displaying the most frequently used terminology

In practice: 

  • Due diligence- AI tools help uncover background information. 

  • Intellectual Property- AI tools are able to analyse large amounts of IP

  • Contracts- Contract analytics is used to find clauses and compare them to determine what the market is when negotiating contracts.

  • Litigation- Predictive coding which enables technology to predict whether or not documents are relevant. ​

 

Collaboration & Legal Practice Management tools

Tools that clients can dial into to increase efficiency, convenience and promote on-demand assistance which better serves client needs. ​

 

Blockchain

A shared digital ledger which creates peer-to-peer use without the need for a trusted authority. This removes the middle-man from the equation so simple tasks can be automated. 

 

In practice:

  • ‘Smart contracts’- sets of terms and conditions that can be automated. 

 

De-duplication

Promotes efficiency and ensures coding consistency during the review.

In practice:

  • An average case has over 1 million documents therefore it is a tool often used in eDiscovery to reduce the amount of data to be searched and or reviewed. 

What does NewLaw
look like in practice?

This course aims to hone in on practical, real world legal tech skills that are essential to the emerging legal climate now and in the future. 

How do I find
out more?

Register to attend our free webinars. Webinars are run in real-time, providing you with the opportunity to engage with guest experts in NewLaw, ask questions and, if you so choose, learn and apply the content that will be assessed in our legaltech certification.

Key speakers
include:

  • Marianne Marchesi, Legalite Australia 

  • Donna Broadley, LEAP AU

  • Wenee Yap, thedocyard

  • Seamus Byrne, LawTap

  • Sara Rayment, Inkling Legal Design

Suite 53, 361 Kent Street, Sydney, NSW, 2000

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