What is Law New?

law new

About Law New

The term “law new” is used to distinguish startups, venture capital-backed firms and law firm subsidiaries augmenting traditional legal services. These companies, sometimes called alternative legal service providers (ALSPs), use a variety of business models and marketing strategies.

A new law is legislation proposed, debated, and passed by Congress or another legislative body. When it is enacted, it becomes an official rule that governs behavior within a country or society. Laws are sometimes referred to as statutes, but they may also be called bills or regulations. Laws that are not enacted during a session of Congress are known as private laws or unpublished acts. A bill’s legislative history is documented by its committee report. This document describes the bill’s purpose and scope, sets out its text (including changes in existing law), and explains the reasons for the committee’s recommended approval or disapproval of the bill. Committee reports are an important source of information about a bill and are widely used by courts, executive departments, and the public.