Unveiling of innovation-centric subsidiary, LX Studio, on our site's platform
Norton Rose Fulbright, a leading global law firm, has announced the launch of LX Studio, an innovation-focused subsidiary dedicated to accelerating legal innovation. The new entity aims to help clients achieve their legal and business objectives efficiently by integrating technology solutions and novel legal service models within the firm's global operations.
LX Studio acts as a hub for legal innovation, focusing on leveraging technology to improve efficiency, client experience, and operational effectiveness in legal practices. According to Jeff Cody, the US Managing Partner of Norton Rose Fulbright's website, LX Studio's core focus is to provide innovative solutions.
The subsidiary will collaborate with legal technology companies and alternative legal services providers to help clients identify, develop, and invest in the best technology. It will also put these technologies to use quickly and effectively. Gina Shishima, the Chief Strategy and Operations Partner, has stated that LX Studio allows for capitalization on tremendous resources and innovative focus.
LX Studio is part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform. The new subsidiary will develop products and services for use by the firm's lawyers and clients, including legal operations solutions for corporate legal departments.
One of LX Studio's key offerings will be its award-winning privacy compliance tool suite, NT Analyzer. The subsidiary will also position Norton Rose Fulbright to build, codevelop, and partner with clients on personalized service solutions, according to Christy Bentz, the Chief Client Value & Innovation Officer. Bentz further emphasized the intent to meet clients where they are.
While specific detailed descriptions of LX Studio’s full range of services are limited, the subsidiary is positioned as a strategic vehicle for innovation within Norton Rose Fulbright. It is aimed at exploring new legal tech tools, workflows, and models that drive modernization in a global legal context. However, there is public information noting that LX Studio LLC, the associated entity managing some partnerships, was involved in litigation concerning a fraud suit, indicating some legal complexities in its operation.
In summary, LX Studio's core objective is to lead in legal innovation by integrating technology solutions and novel legal service models within Norton Rose Fulbright’s global operations, enhancing strategic legal support and client service worldwide. The subsidiary also provides a platform for more intentional collaboration with clients on the 'how' of legal service delivery, further positioning Norton Rose Fulbright to adapt to the evolving legal service delivery expectations. LX Studio brings new opportunities to offer new and different services to support clients, according to Gina Shishima.
- LX Studio's strategic focus is on providing innovative solutions that integrate technology, finance, and business strategies, aiming to modernize legal practices within the industry.
- By collaborating with legal technology companies and alternative legal services providers, LX Studio aims to develop, invest in, and quickly implement technologies that improve operational effectiveness and client experience in the finance sector.
