For our part, and for the purposes of identifying the firms and companies that qualified under this name, we defined NewLaw as:
Any strategy, structure, model, process, or way of delivering legal services, that represents a significantly different approach to the creation or provision of legal services than what the legal profession traditionally has employed.
A Brief Inventory of NewLaw in Australia
With those points out of the way, here is our brief inventory of NewLaw entities in Australia and environs. As you will see, they are invariably small or mid-tier operations.
Plexus – “We have unshackled talented lawyers from grey suits, high overheads, billable hours and the costly partnership structure – along with many other anachronisms. … We are transforming the value of legal.”
So we believe the real message of NewLaw’s emergence and early success is that practising law differently, with a greater focus on efficiency, productivity, and true alignment with both their staff and client interests, is a formula that any legal service provider can adopt. Some will find this easier than others.