Legal regulators across the United States are reviewing and testing reforms to traditional legal business models, showing some promise in their improvement for access to justice, elimination of cumbersome business practices, and apparent bipartisan judicial support, according to The American Lawyer. The North Carolina State Bar’s Regulatory Change Subcommittee is among several jurisdictions exploring new regulatory models, including a sandbox environment to increase access to justice.

Raleigh associate Jeff Kelly, an advisory member of the committee, led a working group to study how North Carolina might implement a regulatory sandbox. Kelly shared his assessment of data from other states with the American Lawyer, and stated that he is encouraged by the fact that North Carolina’s General Assembly unanimously approved a bill to build a FinTech regulatory sandbox, which was recently signed into law. “My hope is that if North Carolina will move forward with the sandbox, it will also demonstrate how a legislatively driven state can adopt sandboxes. Now we’ll have multiple legislative or judicial models leading to the same place,” Kelly told The American Lawyer.

Kelly focuses his practice in the areas of complex litigation, emerging technology, and outside corporate counsel services. He advocates for companies and individuals faced with significant business and regulatory challenges, most often involving financial services, FinTech, business intelligence and data, and trade secret protection.

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