Unveils the debut of its innovative spin-off, LX Studio, through our website
Global Law Firm Norton Rose Fulbright Launches Innovation-Focused Subsidiary LX Studio
Norton Rose Fulbright, a leading global law firm, has announced the launch of LX Studio, a US-based subsidiary dedicated to innovation and digitally-driven service strategies. The new venture aims to accelerate the development and delivery of digitally-driven legal services, aligning with clients' strategic and commercial goals.
At the heart of LX Studio's purpose is driving innovation in legal services through digital transformation. Christy Bentz, the Chief Client Value & Innovation Officer, expressed her desire for LX Studio to provide a platform for more intentional collaboration with clients on the 'how' of legal service delivery. She emphasized that legal advice is the core of what Norton Rose Fulbright delivers, and LX Studio offers a platform to collaborate more intentionally with clients on the 'how' of delivering legal services.
LX Studio will be part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform. Gina Shishima, the Chief Strategy and Operations Partner, stated that LX Studio allows capitalization on tremendous resources and innovative focus to offer new and different services to support clients. She underscored that LX Studio is an initiative that brings new opportunities for Norton Rose Fulbright to offer new and different services to support clients.
The business model of LX Studio is built around the idea of giving clients more than just legal advice. It is designed to offer new opportunities for Norton Rose Fulbright to support clients with its innovative focus. Jeff Cody, the US Managing Partner, stated that LX Studio's aim is to provide innovative solutions that help clients achieve their legal and business objectives efficiently.
LX Studio will house some of Norton Rose Fulbright's existing technology products, including the award-winning privacy compliance tool suite, NT Analyzer. It will also develop products and services for use by the firm's lawyers and clients.
Regarding partnerships and investments, LX Studio plans to advance digitally-driven legal services by collaborating with and investing in technology companies, startups, and other innovators that can enhance legal service delivery through digital tools, automation, data analytics, and advanced technology solutions. This aligns with Norton Rose Fulbright's broader strategy to reshape and modernize legal services in response to evolving client needs and market conditions.
In summary, LX Studio's purpose is to drive innovation in legal services through digital transformation. Its focus is to leverage technology to improve the efficiency, creativity, and strategic value of legal advice. Partnerships and investments will involve engaging with external technology players and investing in solutions that support digitally-enabled legal service models. This approach supports Norton Rose Fulbright's goal of combining deep legal expertise with operational excellence and technological innovation to deliver enhanced client value in complex legal matters.
LX Studio will collaborate with legal technology companies, alternative legal services providers, and may partner with or invest in novel technologies. It will also include legal operations solutions for corporate legal departments. By doing so, LX Studio will further position Norton Rose Fulbright to meet clients' evolving legal service delivery expectations and provide problem-solving capabilities, which clients want beyond just legal advice.
The new venture, LX Studio, will collaborate with legal technology companies and alternative legal services providers, demonstrating a commitment to innovation in the technology sector. The focus of LX Studio is to deliver legal services in a more efficient and strategic manner, aligning with clients' business and financial goals. By investing in and partnering with novel technologies and solutions, LX Studio aims to provide clients with problem-solving capabilities beyond traditional legal advice, fostering growth in the finance industry.
