Why do we need the philosophy of law today?

The paper discusses several crisis symptoms of the modern philosophy of law leading to a significant devaluation of the legal philosophy as a holistic knowledge of law and justice in their interpretation and reviews the ways to overcome these symptoms. Based on the analysis of predominantly foreign legal literature, the research describes and identifies various factors and trends influencing the nature of contemporary philosophical and legal knowledge and the substantiation of its social and cultural value. These factors include the particularism of legal knowledge; changes in the interpretive paradigm; rejection of traditional approaches and perspectives in the philosophy of law; devaluation of the idea of justice in many versions of the new concepts of law (systemic theory, economic analysis); progressive erosion of law. The substantiation of law as the embodied requirement of legal justice is regarded as the promising area of the philosophical and legal interpretation of the law.