Launches New Subsidiary, LX Studio, Focused on Innovative Endeavors from Our Site
Global law firm Norton Rose Fulbright has launched LX Studio, a US-based subsidiary focused on driving legal innovation through technology and digital transformation [1]. The new venture aims to deliver more effective and efficient legal services to clients, with a focus on intellectual property (IP) and regulatory landscapes.
At the heart of LX Studio's mission is the desire to collaborate with clients and personalize legal service delivery. Christy Bentz, the Chief Client Value & Innovation Officer, expressed this intention, stating that LX Studio is intended to enhance collaboration and tailor legal services to meet clients where they are [2].
LX Studio will be part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform. It will house some of the firm's existing technology products, such as the award-winning privacy compliance tool suite, NT Analyzer [3]. In addition, LX Studio will develop new products and services for the firm's lawyers and clients, including legal operations solutions for corporate legal departments [4].
The business model of LX Studio is built around providing clients with more than traditional legal advice. Gina Shishima, the Chief Strategy and Operations Partner, emphasized that LX Studio allows the company to capitalize on its tremendous resources and innovative focus [5]. Jeff Cody, the US Managing Partner, added that LX Studio's goal is to provide innovative solutions to help clients achieve their legal and business objectives efficiently [6].
LX Studio will also collaborate with legal technology companies, alternative legal services providers, and may partner with or invest in novel technologies. However, specific partnerships or investments have not been mentioned at this time [7].
In terms of services, LX Studio will offer strategic IP advice, help clients identify and mitigate IP risks, and leverage technology and innovation to create a more efficient legal services model dedicated to legal innovation [1]. The firm works across various sectors, including financial institutions, energy, infrastructure, resources, transport, technology, life sciences, healthcare, and consumer markets [1].
In summary, LX Studio is designed to support clients through innovative legal and IP strategies powered by technology. By blending legal expertise with business imperatives and technological innovation in a collaborative, cross-sector manner, LX Studio aims to address the evolving expectations of legal service delivery [1]. Gina Shishima and Christy Bentz's statements also suggest that LX Studio will bring new opportunities for Norton Rose Fulbright to offer new and different services to support clients.
LX Studio, a part of Norton Rose Fulbright's global innovation program, NRF Transform, aims to provide innovative legal solutions by collaborating with clients, leveraging technology, and offering strategic IP advice [1]. Additionally, LX Studio will capitalize on resources and its innovative focus, developing new products and services for the firm's lawyers and clients, and potentially partnering with legal technology companies [5, 4, 7]. In terms of industry sectors, LX Studio works with financial institutions, energy, technology, life sciences, healthcare, and consumer markets [1].
