Launches innovation-focused subsidiary, LX Studio, on our platform
Norton Rose Fulbright, a global law firm, has announced the launch of LX Studio, a US-based subsidiary dedicated to driving digitally-driven legal services and innovation. Christy Bentz, the Chief Client Value & Innovation Officer of Norton Rose Fulbright, emphasized the importance of meeting clients where they are.
LX Studio operates as a dedicated innovation arm of Norton Rose Fulbright, focusing on integrating technology and digital transformation in law. The subsidiary aims to drive modernization in legal services, likely involving legal tech solutions, new service models, and digital collaborations to keep pace with rapid changes in legal markets and client demands.
Gina Shishima, the Chief Strategy and Operations Partner of Norton Rose Fulbright, mentioned that LX Studio will bring new opportunities for offering new and different services to support clients. LX Studio will develop products and services for use by Norton Rose Fulbright's lawyers and clients.
Jeff Cody, the US Managing Partner of Norton Rose Fulbright, stated that LX Studio's focus is to provide innovative solutions for clients. The subsidiary will collaborate with legal technology companies and alternative legal services providers. LX Studio is part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform.
Christy Bentz further stated that LX Studio provides a platform for more intentional collaboration with clients on the 'how' of legal service delivery. LX Studio will help clients achieve their legal and business objectives efficiently. The subsidiary will also include legal operations solutions for corporate legal departments.
One of the key projects housed within LX Studio is the award-winning privacy compliance tool suite, NT Analyzer. LX Studio's mission is to embed digital innovation at the core of legal practice for Norton Rose Fulbright. The subsidiary may partner with or invest in novel technologies and alternative legal services offerings to further position Norton Rose Fulbright as a leader in the legal tech space.
LX Studio's focus on innovation aligns with Norton Rose Fulbright's culture of driving innovation in the legal space. The subsidiary's characterization signals a mission to accelerate legal innovation, likely by developing and deploying new technologies, digital tools, and innovative workflows within legal practice to improve efficiency, client experience, and the delivery of legal services.
While detailed operational specifics are limited, LX Studio's engagement with emerging legal domains, such as autonomous vehicles, suggests its interest in addressing the unique legal challenges posed by these technologies.
In conclusion, LX Studio represents Norton Rose Fulbright’s strategic move to enhance their legal service delivery through technology-enabled innovation and digital transformation. The subsidiary aims to provide innovative solutions for clients, collaborate with legal technology companies and alternative legal services providers, and drive modernization in legal services.
The new US-based subsidiary, LX Studio, is a part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform, focusing on integrating technology and digital transformation in law. LX Studio's mission is to embed digital innovation at the core of legal practice, likely partnering with or investing in novel technologies and alternative legal services offerings to further position Norton Rose Fulbright as a leader in the legal tech space. This strategic move in the business realm is a response to the demands of rapid changes in legal markets and industry, aiming to provide finance and business-oriented solutions for clients.
