Unveiling of innovation-centric subsidiary, LX Studio, by our website announced today
Norton Rose Fulbright Launches Innovative US Subsidiary, LX Studio
In an effort to accelerate legal innovation and digital transformation, global law firm Norton Rose Fulbright has launched LX Studio, a US-based subsidiary focused on innovation and digitally-driven service strategies.
LX Studio is designed to offer new and different services to support clients, particularly in the intellectual property (IP) and litigation sectors. The subsidiary aims to identify, develop, and invest in the best technology, helping clients implement it quickly, effectively, and comprehensively.
Christy Bentz, Norton Rose Fulbright's Chief Client Value & Innovation Officer, emphasizes the importance of meeting clients where they are with LX Studio. She states that LX Studio provides a platform for more intentional collaboration with clients on the 'how' of legal service delivery. Gina Shishima, the Chief Strategy and Operations Partner, agrees, believing that LX Studio will bring new opportunities to offer new and different services to clients.
LX Studio will be part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform. It will collaborate with legal technology companies, alternative legal services providers, and may partner with or invest in novel technologies.
The subsidiary is positioned to build, co-develop, and partner with clients on personalized service solutions. LX Studio will house some of Norton Rose Fulbright's existing technology products, including the award-winning privacy compliance tool suite NT Analyzer.
The launch of LX Studio is a response to the unending evolution of the business and practice of law. Clients want not only legal advice but also problem-solving capabilities, and LX Studio is built around providing more.
While there have been operational complexities or challenges in the past, as evidenced by a now-defunct LX Studio LLC involved in a legal dispute with a legal tech firm, the core focus remains on legal innovation and technology enablement.
In conclusion, LX Studio is a significant step forward in Norton Rose Fulbright's commitment to integrating technology and innovation into the traditional legal services model to improve client outcomes and efficiency.
[1] Norton Rose Fulbright. (2021). LX Studio. Retrieved from https://www.nortonrosefulbright.com/en-gb/services/lx-studio
[2] Bentz, C. (2021). The Evolution of Legal Service Delivery. Law.com. Retrieved from https://www.law.com/international-edition/2021/06/24/the-evolution-of-legal-service-delivery/
[3] Legaltech News. (2020). LX Studio LLC Sues Legaltech Firm for Breach of Contract. Retrieved from https://www.law.com/legaltechnews/2020/05/28/lx-studio-llc-sues-legaltech-firm-for-breach-of-contract/
[4] The American Lawyer. (2020). LX Studio LLC Sues Legaltech Firm for Breach of Contract. Retrieved from https://www.law.com/americanlawyer/2020/05/28/lx-studio-llc-sues-legaltech-firm-for-breach-of-contract/
LX Studio, a new subsidiary from Norton Rose Fulbright, is focusing on leveraging technology to provide innovative and digitally-driven services, particularly in areas like intellectual property and litigation. In the broader business landscape, this move demonstrates the fusion of technology and the legal industry, aiming to finance and implement the best technological solutions for clients.
LX Studio's mission is to collaborate with various stakeholders, such as legal technology companies, alternative legal services providers, and possibly invest in novel technologies, all with the goal of providing personalized service solutions that cater to the evolving needs of the finance sector.
