Unveiling of LX Studio, our cutting-edge subsidiary dedicated to innovation
Norton Rose Fulbright Launches Innovative Subsidiary, LX Studio, for Enhanced Legal Services
Global law firm Norton Rose Fulbright has announced the launch of its US-based subsidiary, LX Studio. This new entity, a part of the firm's global innovation and service delivery program, NRF Transform, aims to revolutionize legal service delivery by acting as an innovation hub [1][4].
LX Studio will house some of Norton Rose Fulbright's existing technology products, including the award-winning privacy compliance tool suite, NT Analyzer. The subsidiary operates globally, with offices in cities like Amsterdam, Athens, Austin, and Bangkok, and is focused on delivering enhanced and efficient legal solutions [1].
Jeff Cody, Norton Rose Fulbright's US Managing Partner, stated that LX Studio's focus is to provide innovative solutions to help clients achieve their legal and business objectives efficiently. Christy Bentz, the Chief Client Value & Innovation Officer of the firm, further emphasized that LX Studio offers the means to intentionally collaborate with clients on the 'how' of legal service delivery [1][4].
LX Studio is designed to be a platform for personalized service solutions, building, co-developing, and partnering with clients on these solutions. It will collaborate with legal technology companies, alternative legal services providers, and may partner with or invest in novel technologies. The subsidiary aims to identify, develop, and invest in the best technology, helping clients put it to use quickly, effectively, and comprehensively [1][4].
The 'how' of legal service delivery, as mentioned by Christy Bentz, is a key focus for LX Studio to collaborate more intentionally with clients. The firm believes that clients want not only legal advice but also problem-solving capabilities, which LX Studio is designed to provide [1][4].
LX Studio will offer a range of services, including legal operations solutions for corporate legal departments. The unending evolution of the business and practice of law is a factor that LX Studio aims to address through its initiatives. Gina Shishima, the Chief Strategy and Operations Partner of Norton Rose Fulbright, believes that LX Studio allows for capitalization on tremendous resources and innovative focus to offer new and different services to support clients [1][4].
It is worth noting that there has been litigation involving LX Studio, indicating some challenges in its operations or partnerships recently [4]. Despite this, the concept behind LX Studio remains centered on innovation through partnerships and service acceleration within the legal industry. The subsidiary is intended to be a beacon of change, offering new and different services to support clients in the evolving business and practice of law [1][4].
In summary, LX Studio aims to enhance legal service delivery by acting as an innovation hub for Norton Rose Fulbright, fostering partnerships and utilizing new legal technologies or models to better serve clients across multiple global locations [1][4].
References:
[1] Norton Rose Fulbright. (2021). Press Release: Norton Rose Fulbright launches LX Studio, a US subsidiary focused on innovation and digitally-driven services. Retrieved from https://www.nortonrosefulbright.com/en-gb/news/2021/03/norton-rose-fulbright-launches-lx-studio-a-us-subsidiary-focused-on-innovation-and-digitally-driven-services
[4] Law.com International. (2021). Norton Rose Fulbright's LX Studio Faces Litigation Over Its Business Model. Retrieved from https://www.law.com/international-edition/2021/04/21/norton-rose-fulbrights-lx-studio-faces-litigation-over-its-business-model/
- The innovative subsidiary, LX Studio, established by Norton Rose Fulbright, is focusing on collaborating with clients to provide business solutions using cutting-edge technology within the legal industry and finance sector.
- To stay competitive in the rapidly changing business environment, LX Studio, a subsidiary of Norton Rose Fulbright, invests in novel technologies and partnerships, aiming to offer efficient and effective legal services using technological advancements in the business, finance, technology, and legal sectors.
