NewLaw – the new face of the legal sector?
As businesses and individuals grapple with COVID-19 and its consequences, it’s clear that many sectors need to modernise in a way never seen before. Generally considered as stuffy and old-fashioned, the legal industry is now fighting back; NewLaw is one such element.
What is NewLaw?
NewLaw businesses aren’t bound by traditional law firm parameters. Moving away from a partnership structure, they instead provide a cost-effective, flexible and efficient service.
On-demand lawyers provide legal support as and when it’s needed. Without billing targets or profits per partner considerations, NewLaw businesses can offer alternative fee structures and take advantage of third-party funding options. This provides the resources to invest in technology so streamlining their processes and with a flexible and remote working ethos, their staff can truly focus on what they’re qualified to do: support their clients.
2020 has seen worldwide restrictions on travel and working from home has become the norm with many having to juggle childcare or other commitments with work. Add to this the critical need for business growth, investment and success to aid the world’s economic recovery and it is clear that flexibility, cost-efficiencies and technology are non-negotiable requirements for our future way of life. NewLaw takes us a step nearer to these goals.
First, on-demand lawyers work on an ad-hoc basis as their services are needed by the client. Second, flexible fee structures allow for cost-effective legal support. Third, lawyers can work in-house or remotely as the client requires, based, for example, on confidentiality requirements or the wish to reduce personal contact. Fourth, the technology is available to allow the lawyers to do their jobs efficiently and effectively. The list goes on.
“During this global crisis, we have been overwhelmed by questions and concerns from clients,” explains Centurion Plus Co-Director, Leon Van Der Merwe. “Centurion Plus provides on-demand, on the-ground lawyers; a platform which is even more relevant given the current global situation.”
Solving industry challenges
There is no doubt that businesses are having a tough time. Supply chain disruptions, reduced staff, transport issues and funding difficulties are just some of the challenges they are facing. “Companies are actively seeking guidance on whether a pandemic allows for contractual obligations to be voided, and we are here to assist them in addressing this challenge,” added Leon.
“Long after this pandemic is over, courts will be grappling with untold numbers of contract-based litigation cases and now is undoubtedly the time for companies to be pro-active in reviewing and updating their current approach, policies and long-term contracts. Putting in place a dedicated legal team that understands your business and can be called upon as required, while offering flexible pricing and services, is one important element of this review,” explains Leon.
During this uncertain period, take control and ensure that your legal support serves you and your business, not the other way around.