Unveiling of LX Studio, the innovation-driven offshoot, under our digital brand
In a significant move towards legal innovation, global law firm Norton Rose Fulbright has announced the launch of LX Studio, an US-based subsidiary dedicated to delivering cutting-edge solutions for clients.
LX Studio, a key part of the firm's global innovation and service delivery program, NRF Transform, will focus on legal operations solutions for corporate legal departments. The subsidiary will develop products and services for use by the law firm's lawyers and clients, providing a platform for more intentional collaboration on the 'how' of legal service delivery, as highlighted by Christy Bentz, the Chief Client Value & Innovation Officer.
The platform allows for building, co-developing, and partnering with clients on personalized service solutions. LX Studio may partner with or invest in novel technologies and alternative legal services offerings to identify, develop, and invest in the best technology to help clients quickly, effectively, and comprehensively.
Gina Shishima, the Chief Strategy and Operations Partner, emphasizes that LX Studio capitalizes on tremendous resources and innovative focus, bringing new opportunities to offer new and different services to support clients.
Services Offered by LX Studio
LX Studio's services are centred on legal innovation, technology, and business strategy, with a strong emphasis on privacy, cybersecurity, intellectual property, and data protection. The offerings include:
- Legal compliance and business strategy related to privacy and security risk management, cybersecurity, and technology transactions. They help clients at every stage of the data lifecycle, from assessing and reducing privacy risks to advising on the collection, use, transfer, and destruction of personal and sensitive business data.
- Incident response services involving the investigation, containment, and remediation of data breaches and cybersecurity incidents globally. They provide immediate, 24/7 assistance to minimize financial and reputational loss and handle regulatory and class action investigations and lawsuits related to privacy violations and breaches.
- Intellectual property (IP) services, including strategy development, protection, management, and support for exploiting intangible assets. LX Studio helps clients harness innovation and digital transformation by advising on IP risk mitigation, collaborations, mergers and acquisitions, and disputes across various industries.
- Global cross-border service integration, advising clients across multiple jurisdictions including the US, Europe, Asia, and more, providing consistent worldwide service for innovation-related legal challenges.
Aiming for More Than Just Legal Advice
According to Christy Bentz, LX Studio focuses on delivering legal advice and uses its platform to collaborate with clients on the 'how' of legal service delivery. The goal is to give clients more than just legal advice; it aims to provide problem-solving capabilities.
Jeff Cody, US Managing Partner of the law firm, stated that LX Studio's focus is to provide innovative solutions for clients. Christy Bentz underscores that legal service delivery expectations continue to evolve, and LX Studio further positions the firm to build, codevelop, and partner with clients on personalized service solutions.
LX Studio will be home to some of the firm's existing technology products, including the award-winning privacy compliance tool suite, NT Analyzer. The subsidiary will also collaborate with legal technology companies and alternative legal services providers.
In conclusion, LX Studio serves as a hub to make legal processes better through innovative solutions, technology-enabled legal services, and strategic guidance tailored to technology, privacy, IP, and cybersecurity needs within a global framework. The aim is to meet clients where they are and provide personalized service solutions that go beyond legal advice, offering problem-solving capabilities.
In the realm of technology and business, LX Studio, a subsidiary of global law firm Norton Rose Fulbright, offers legal services that extend beyond just advice. Focused on collaboration with clients, LX Studio aims to provide problem-solving capabilities in areas such as privacy, cybersecurity, intellectual property, and data protection.
LX Studio's offerings include legal compliance and business strategy, incident response services, intellectual property services, and global cross-border service integration. These services are designed to meet clients' needs in a variety of industries, offering innovative solutions and strategic guidance.
