Launches the innovation-driven subsidiary, LX Studio, on our site
In a move to accelerate legal innovation and enhance legal service delivery, Norton Rose Fulbright, a leading global law firm, has launched an innovation-focused U.S. subsidiary named LX Studio. The primary purpose of LX Studio is to leverage technology and digital transformation to improve legal services efficiency and effectiveness.
As stated by Christy Bentz, the Chief Client Value & Innovation Officer, LX Studio is designed to collaborate closely with clients, offering tailored legal services that align with their business goals. This collaboration spans multiple industries, including financial institutions, technology, healthcare, and energy, reflecting the global law firm's sector-based strategy in intellectual property and innovation.
LX Studio will also include legal operations solutions for corporate legal departments. The subsidiary aims to identify, develop, and invest in the best technology, helping clients put it to use quickly, effectively, and comprehensively. Some of the firm's existing technology products, such as the award-winning privacy compliance tool suite, NT Analyzer, will be housed within LX Studio.
Gina Shishima, the Chief Strategy and Operations Partner, notes that LX Studio allows the firm to capitalize on its resources and innovative focus. The subsidiary will collaborate with legal technology companies and alternative legal services providers, further expanding its reach and capabilities.
Christy Bentz emphasizes that legal advice remains the core of what the firm delivers, and LX Studio is a means to this end. It serves as a tool for offering personalized service solutions to clients, enabling them to achieve their legal and business objectives efficiently. LX Studio is part of the global innovation and service delivery program, NRF Transform.
Regarding potential investments, LX Studio operates by investing in legal technology tools and innovations that enable data-driven, technology-enhanced legal services delivery. However, specific external investment activities or funding details for LX Studio are not publicly detailed. Past business partnerships have led to legal disputes, suggesting active engagement in technology collaborations and possibly investment or funding arrangements.
According to Christy Bentz, LX Studio further positions the firm to build, co-develop, and partner with clients on personalized service solutions, adapting to the evolving expectations of legal service delivery. LX Studio will develop products and services for use by the law firm's lawyers and clients, offering innovative solutions that cater to the unique needs of each client.
In summary, LX Studio is an innovation-focused subsidiary of Norton Rose Fulbright, designed to accelerate legal innovation, collaborate with clients, and offer personalized service solutions. It will invest in legal technology tools and innovations, collaborate with legal technology companies and alternative legal services providers, and develop products and services for use by the law firm's lawyers and clients. LX Studio represents a significant step forward in the firm's commitment to using technology to transform legal services.
[1] Norton Rose Fulbright, "LX Studio: Accelerating Legal Innovation" (2021), [online] Available at: https://www.nortonrosefulbright.com/en-gb/news/2021/06/lx-studio-accelerating-legal-innovation
[5] Law360, "Norton Rose Fulbright's LX Studio Faces Legal Challenges" (2021), [online] Available at: https://www.law360.com/articles/1373648/norton-rose-fulbright-s-lx-studio-faces-legal-challenges
The subsidiary, LX Studio, formed by Norton Rose Fulbright, will collaborate with clients, particularly from industries like finance, technology, healthcare, and energy, leveraging technology to develop bespoke legal solutions aligned with their business goals. LX Studio will also invest in legal tech tools and innovations, working with legal technology companies and alternative legal service providers, creating an extensive network that enhances its reach and capabilities.
