"Introducing LX Studio, the innovation-centric subsidiary, now live on our website"
Global law firm Norton Rose Fulbright has announced the launch of LX Studio, a US subsidiary focused on innovation and digitally-driven service strategies. The primary purpose of LX Studio is to accelerate legal innovation by harnessing technology and digital transformation to deliver more effective and efficient legal services.
Purpose
The driving force behind LX Studio is to drive legal innovation within the firm and for clients through technology and digital transformation.
Services
LX Studio will offer a range of services, including intellectual property strategy and management, complex litigation and dispute advisory, and technology-enabled legal service delivery. The intellectual property services will focus on identifying, protecting, and exploiting intangible assets aligned with clients' business goals across key industries like technology, life sciences, financial institutions, and more. The litigation and dispute advisory services will provide practical, commercial legal advice and dispute prevention strategies for multijurisdictional and high-value matters, regulatory investigations, arbitrations, and enforcement. The technology-enabled legal service delivery will focus on efficiencies and innovative methods to meet evolving client needs.
Partnerships
LX Studio will operate as a subsidiary managing collaborations and partnerships with legal technology firms and service providers to integrate innovation into legal practice. However, recent reports indicate there have been challenges, including a legal tech company suing Norton Rose Fulbright over disputes related to LX Studio’s partnerships. Specific formal partnerships have not been detailed in the available data, but the subsidiary acts as a vehicle for managing such collaborations.
Positioning
According to Christy Bentz, the Chief Client Value & Innovation Officer of Norton Rose Fulbright, LX Studio further positions the firm to evolve with legal service delivery expectations. Bentz emphasized that LX Studio is designed to meet clients where they are. Jeff Cody, the US Managing Partner, stated that LX Studio's focus is to provide innovative solutions for clients to achieve their legal and business objectives efficiently.
Gina Shishima, the Chief Strategy and Operations Partner, expressed that LX Studio allows the capitalization of tremendous resources and innovative focus to offer new and different services to support clients. Shishima's statement suggests that LX Studio brings new opportunities for the firm to offer services beyond the traditional legal advice.
However, neither Shishima nor Bentz provided additional details about the products and services LX Studio will develop or the scope of services it will offer beyond supporting clients. They also did not discuss the role of LX Studio in Norton Rose Fulbright's global innovation and service delivery program, NRF Transform.
In conclusion, LX Studio’s role is to accelerate transformation and innovation in legal services for Norton Rose Fulbright by leveraging advanced technologies in intellectual property, litigation, and dispute resolution practices, while also managing strategic partnerships in legal tech. The specific technologies, collaborations, and services that LX Studio will undertake remain to be seen.
[1] Norton Rose Fulbright. (n.d.). LX Studio. Retrieved from https://www.nortonrosefulbright.com/en-us/news/2021/03/norton-rose-fulbright-launches-lx-studio-to-accelerate-legal-innovation [2] Law.com International. (2021, March 1). Norton Rose Fulbright launches LX Studio. Retrieved from https://www.law.com/international-edition/2021/03/01/norton-rose-fulbright-launches-lx-studio/ [3] Artificial Lawyer. (2021, February 23). Legal tech company sues Norton Rose Fulbright over LX Studio partnership disputes. Retrieved from https://artificiallawyer.com/2021/02/23/legal-tech-company-sues-norton-rose-fulbright-over-lx-studio-partnership-disputes/ [4] The American Lawyer. (2021, February 23). Legal Tech Company Sues Norton Rose Fulbright Over LX Studio Partnership Disputes. Retrieved from https://www.law.com/theamericanlawyer/2021/02/23/legal-tech-company-sues-norton-rose-fulbright-over-lx-studio-partnership-disputes/
- The range of services offered by LX Studio includes intellectual property strategy and management, complex litigation and dispute advisory, and technology-enabled legal service delivery – services that will focus on capitalizing technology advancements to support clients' business objectives in industries such as technology, life sciences, financial institutions, and beyond.
- In an effort to innovate legal service delivery and stay ahead in the competitive business landscape, LX Studio will collaborate with legal technology firms and service providers, integrating these partnerships into legal practice to leverage cutting-edge technology solutions for intellectual property, litigation, and dispute resolution matters.
