In the world of legal innovation, there is a lot of talk about “new law.” But what exactly does this mean? In its simplest terms, new law is anything that produces change in the way that legal business operates. This change may be caused by new technology, but it could also be the result of new business models or a change in legal education or even how disputes are resolved. Ultimately, new law is any change that makes the legal industry better serve its customers and society-at-large.
A bill is a proposal for new or amended laws. A bill can be introduced by a member of Congress or by an outside group. Once a bill is introduced, it is assigned to a committee. The purpose of a committee is to allow for in-depth analysis, discussion and modification of bills before they are voted on by the full House or Senate.
The purpose of this legislation is to require City agencies that have suffered data breaches of private identifying information to promptly disclose the breach to affected persons and the City’s Chief Privacy Officer, as well as to make certain disclosures consistent with the requirements in New York State law. This bill would also amend the City’s data breach notification laws to clarify the definition of “private identifying information” and make certain other changes to reflect recent case law.
Currently, when a private company acquires another private company in a transaction known as a freezeout merger, it must obtain a court order before the acquisition can be completed. This legislation will create a new procedure for the approval of freezeout mergers in cases where the acquisition of the target company would significantly harm the public interest or threaten national security, and it will require a hearing to determine whether such a transaction is in the public interest.
A reversal of a federal judge’s ruling that allowed the University of Texas to keep its razor-wire fencing along its border with Mexico. The judge ruled that the federal government did not have authority to destroy the fence, which was built by the University to block illegal immigration.
Linklaters adds infrastructure deals leader Elena Rubinov to its New York office. She will focus on projects in the energy, utilities and infrastructure sectors and is a member of the firm’s global infrastructure practice.
Despite its recent popularity in the media, law is not as new as it’s sometimes made out to be. This article explores the ways in which law is actually a legacy industry that has been slow to change, and identifies some of the factors that are preventing it from doing so.
Until the legal industry shifts to customer-centricity, it will be difficult for it to produce true innovation. This paradigm-shifting process will be fueled by legal buyers with the demand, capital and know-how to challenge the status quo. These large buyers will seek to partner with innovative providers that offer the following attributes: