Company unveils innovation-driven subsidiary named LX Studio on its platform
Norton Rose Fulbright Launches Innovation-Focused US Subsidiary, LX Studio
Global law firm Norton Rose Fulbright has announced the launch of LX Studio, a new US subsidiary aimed at accelerating legal innovation to enhance clients' legal and business objectives.
According to Jeff Cody, the US Managing Partner of Norton Rose Fulbright, LX Studio is designed to provide innovative solutions for clients to achieve their legal and business objectives efficiently. The new subsidiary will be part of the firm's global innovation and service delivery program, NRF Transform.
Christy Bentz, the Chief Client Value & Innovation Officer of Norton Rose Fulbright, explains that LX Studio provides a platform for more intentional collaboration with clients on the 'how' of legal service delivery. It acts as a dedicated platform through which advanced legal tech solutions and innovations are developed and managed to drive efficiency, agility, and competitive advantage for clients.
LX Studio's mandate centers on leveraging innovative legal technologies and services to meet evolving client needs in a competitive global market. The subsidiary is expected to deploy cutting-edge legal technology to streamline legal workflows and reduce costs, develop solutions that align legal services with business goals, and offer tailored innovations to help clients navigate complex regulatory environments and intellectual property challenges.
Gina Shishima, the Chief Strategy and Operations Partner of Norton Rose Fulbright, emphasizes that LX Studio allows the capitalization of tremendous resources and innovative focus to offer new and different services for clients. She also mentions that LX Studio will collaborate with legal technology companies, alternative legal services providers, and may partner with or invest in novel technologies.
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, including legal operations solutions for corporate legal departments.
The focus of LX Studio is to meet clients where they are, offering services tailored to their specific needs. As legal service delivery expectations evolve, LX Studio further positions Norton Rose Fulbright to build, co-develop, and partner with clients on personalized service solutions.
Gina Shishima notes that LX Studio brings new opportunities to offer services supporting clients in the unending evolution of the business and practice of law. She emphasizes that LX Studio allows the firm to integrate technology into traditional legal practice, facilitating faster resolution of issues and more strategic legal advice that supports broader business objectives for clients.
LX Studio will continue to be part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform. The subsidiary is a testament to the firm's commitment to delivering value-added services to its clients beyond legal advice, focusing on problem-solving capabilities to meet the evolving needs of the global market.
[1] Norton Rose Fulbright Press Release: [Link to Press Release] [4] Norton Rose Fulbright Website: [Link to LX Studio Page on Norton Rose Fulbright Website]
- The new LX Studio subsidiary, developed by Norton Rose Fulbright, will utilize advanced technology to create innovative solutions, aimed at optimizing legal services for business objectives.
- As part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform, LX Studio's mandate is to deploy cutting-edge technology and collaborate with other entities, ensuring financial efficiency in legal service delivery.
