Unveiling LX Studio, our latest venture dedicated to spearheading innovation
In a bid to modernize legal services and invest in technology-driven operations, global law firm Norton Rose Fulbright has launched an innovation-focused U.S. subsidiary named LX Studio. The new entity aims to accelerate legal innovation and manage partnerships that support new legal technology and business approaches within the firm.
LX Studio's role is multifaceted. It serves as a vehicle to develop and integrate innovative legal solutions and strategic collaborations. The subsidiary will partner with or invest in novel technologies and alternative legal services offerings. It will also be home to the award-winning privacy compliance tool suite, NT Analyzer.
Gina Shishima, the Chief Strategy and Operations Partner, and Christy Bentz, the Chief Client Value & Innovation Officer, have emphasized that LX Studio's focus is to offer innovative solutions to support clients efficiently. They also stated that the aim is to offer a more personalized service solution to clients, helping them achieve their legal and business objectives efficiently.
LX Studio will identify, develop, and invest in the best technology to help clients put it to use quickly and effectively. It will collaborate with legal technology companies and alternative legal services providers. The subsidiary will also focus on the unending evolution of the business and practice of law, developing products and services for use by the law firm's lawyers and clients.
According to Christy Bentz, LX Studio provides a platform for more intentional collaboration with clients on the 'how' of legal service delivery. The goal, as she stated, is to meet clients where they are.
Jeff Cody, the U.S. Managing Partner, also reiterated that LX Studio's focus is to provide innovative solutions for clients. LX Studio is part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform.
Despite facing challenges such as a $15 million fraud lawsuit alleging false promises related to collaboration with a legal tech company, LX Studio operates at the intersection of legal innovation and emerging technology partnerships within the firm's framework.
In summary, LX Studio's focus is on legal innovation and technology-driven transformation within Norton Rose Fulbright, aiming to enhance legal service delivery through new tech-enabled models and strategic collaborations.
- LX Studio will collaborate with legal technology companies and alternative legal services providers, investing in novel technologies and services to offer more personalized and efficient legal solutions for clients, thereby contributing to the finance and business sectors.
- The role of LX Studio within Norton Rose Fulbright extends beyond legal innovation; it also involves identifying and developing the best technology in finance, business, and technology, providing a platform for more intentional collaboration with clients and meeting them where they are in their legal and business objectives.
