Unveiling of LX Studio, our fresh, innovation-centric subsidiary
Norton Rose Fulbright, a global law firm, has recently unveiled its US-based subsidiary, LX Studio. This new entity is committed to accelerating legal innovation by harnessing technology and digital transformation to deliver effective and efficient legal services [1][3].
Jeff Cody, the US Managing Partner of Norton Rose Fulbright, stated that LX Studio's focus is to provide innovative solutions that help clients achieve their legal and business objectives efficiently. Christy Bentz, the Chief Client Value & Innovation Officer, highlights that while legal advice remains the core of what Norton Rose Fulbright delivers, LX Studio provides a platform to focus more intentionally on the 'how' of delivery [1].
LX Studio will be the home to Norton Rose Fulbright's existing technology product, the award-winning privacy compliance tool suite, NT Analyzer. The subsidiary will also develop products and services for use by the firm's lawyers and clients, including legal operations solutions for corporate legal departments [1].
Gina Shishima, the Chief Strategy and Operations Partner, believes that LX Studio allows the company to capitalize on its resources and innovative focus, offering new and different services to support clients. She also emphasizes that LX Studio brings new opportunities for Norton Rose Fulbright to offer new services [1].
LX Studio will collaborate with legal technology companies, alternative legal services providers, and may partner with or invest in novel technologies [1]. It will be part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform [1].
The subsidiary is seen as a means to support clients with the unending evolution of the business and practice of law. Christy Bentz expresses the desire to meet clients where they are, using LX Studio as a platform for more intentional collaboration on the 'how' of legal service delivery [1].
LX Studio's business model includes extending the firm's existing platform through partnerships and investments in alternative legal services offerings [1]. Legal service delivery expectations continue to evolve, and LX Studio further positions Norton Rose Fulbright to build, co-develop, and partner with clients on personalized service solutions [1].
LX Studio is intended to be a collaborative space for Norton Rose Fulbright and its clients in the evolution of legal service delivery. Its aim is to identify, develop, and invest in the best technology, helping clients put it to use quickly, effectively, and comprehensively [1].
Norton Rose Fulbright's clients want not only legal advice but also problem-solving capabilities, which LX Studio is built to provide [1]. Gina Shishima's statement suggests that LX Studio leverages the firm's tremendous resources and innovative focus [1].
In essence, LX Studio combines legal expertise with technological innovation to transform how legal services are delivered, thereby driving better business outcomes for clients and advancing the law firm's own success through innovation [1].
[1] - Source: Norton Rose Fulbright Press Release, [Date] [3] - Source: Norton Rose Fulbright Website, [Date]
- The industry of legal services is set to undergo significant transformation with the innovation-driven initiative of Norton Rose Fulbright's new subsidiary, LX Studio, which aims to deliver legal services effectively and efficiently by harnessing technology and digital transformation.
- Norton Rose Fulbright's LX Studio is positioning itself to offer new services and opportunities, particularly in the realms of business, finance, and technology, by collaborating with legal technology companies, investing in novel technologies, and developing products and services for use by their lawyers and clients.
