The Harvard University Press has launched the Journal of Legal Analysis, an open access journal published under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 Unported License.
Here's an excerpt from the announcement:
A couple things make the JLA different than the average law journal. First, it's online. At the end of each year, articles will be bundled, printed, and sold to those who wish to procure such a volume, but the focus is on the website, where all articles will be posted, for free, as soon as they are ready for publication. In addition, we're hoping the journal fills a gap in the legal publishing landscape by providing a peer-reviewed, faculty-edited journal that covers the entire academy. In the words of Editor-in-Chief Mark Ramseyer: "Until JLA, there has not been a faculty-edited, peer-reviewed journal that covered the whole span of the legal academy. There have been faculty-edited journals for subfields, but not for the entire discipline. With the JLA, we are trying to create a faculty-edited journal that will be the flagship journal for the law school faculty as a whole."