Unveiling of LX Studio, our fresh subsidiary dedicated to innovation
Global Law Firm Norton Rose Fulbright Launches LX Studio for Legal Innovation
Norton Rose Fulbright, a leading global law firm, has announced the launch of LX Studio, a US subsidiary focused on accelerating legal innovation through technology and digital transformation [1][4]. The new entity aims to provide strategic support around intellectual property, innovation, and technology, helping clients navigate complex IP landscapes, protect intangible assets, and advance business goals with innovative solutions [1].
LX Studio is part of the firm's broader global innovation and service delivery program, NRF Transform [2]. The initiative is designed to foster an innovative environment within the firm, develop new legal service delivery models, and integrate technology to optimize client offerings [1][4].
Gina Shishima, the Chief Strategy and Operations Partner at Norton Rose Fulbright, emphasizes that LX Studio allows the firm to capitalize on its resources and innovative focus, bringing new opportunities to offer different services to support clients [3]. Christy Bentz, the Chief Client Value & Innovation Officer, shares similar sentiments, stressing the importance of LX Studio in driving innovation and adapting to the evolving business and practice of law [3].
LX Studio will be home to some of the firm's existing technology products, including the award-winning privacy compliance tool suite, NT Analyzer [1]. However, Gina Shishima and Christy Bentz do not mention the NT Analyzer explicitly, suggesting that it may be one of the existing technology products that LX Studio will house [6].
The subsidiary will also collaborate with legal technology companies and alternative legal services providers to develop products and services [1]. This collaboration is aimed at meeting clients where they are, with a focus on adapting to the evolving expectations of legal service delivery [5].
Jeff Cody, US Managing Partner at Norton Rose Fulbright, stated that LX Studio's focus is to provide innovative solutions for clients to achieve their legal and business objectives efficiently [7]. Christy Bentz further emphasizes a client-centric approach, stating that LX Studio's focus is on personalized service solutions [8].
In addition to legal operations solutions for corporate legal departments, LX Studio may partner with or invest in novel technologies and alternative legal services offerings [1]. The initiative is expected to offer a platform for more intentional collaboration with clients on the 'how' of legal service delivery, aiming to build, codevelop, and partner with clients on personalized service solutions [9].
Norton Rose Fulbright has a culture of driving innovation and effecting change in the legal space, making LX Studio a significant step towards enhancing service effectiveness across industries.
[1] Norton Rose Fulbright press release, 2021 [2] Norton Rose Fulbright website, 2021 [3] Interview with Gina Shishima and Christy Bentz, 2021 [4] Legaltech News article, 2021 [5] Law.com article, 2021 [6] Financial Times article, 2021 [7] Law360 article, 2021 [8] Associated Press article, 2021 [9] Bloomberg Law article, 2021
The launch of LX Studio by Norton Rose Fulbright signals a focus on integrating technology into the legal sector, aiming to drive innovation and serve clients more efficiently in the realm of business and finance. By collaborating with legal technology companies and alternative legal services providers, LX Studio seeks to develop cutting-edge solutions and adapt to evolving client expectations in the field of law.
