Launches the innovation-dedicated subsidiary, LX Studio, on our site
In a significant move, global law firm Norton Rose Fulbright has announced the launch of LX Studio, an innovation-focused US subsidiary. Jeff Cody, the firm's US Managing Partner, has stated that LX Studio's primary focus is to provide innovative solutions for clients.
Christy Bentz, the Chief Client Value & Innovation Officer of Norton Rose Fulbright, further elaborates that LX Studio is designed to build, co-develop, and partner with clients on personalised service solutions. The goal is to offer services that are tailored to meet the unique needs of each client, aligning with the evolving expectations of legal service delivery.
LX Studio's services encompass harnessing technology and innovation to deliver effective and efficient legal services. It aims to help businesses shape intellectual property (IP) strategies that protect, manage, and exploit intangible assets aligned with their business goals. The subsidiary also provides strategic IP advice on collaborations, mergers and acquisitions, public offerings, restructurings, insolvency, and competition matters.
Moreover, LX Studio offers sector-based strategies, leveraging technology to navigate new markets, expansion, and new technology platforms. It helps clients address global challenges through innovative solutions in legal and business contexts.
As part of Norton Rose Fulbright's intellectual property and innovation practice, LX Studio combines advanced technical expertise with legal acumen to support clients in multiple industries and foster digital and legal innovation.
LX Studio also operates as a business incubator for early-stage companies, assisting startups in product development, marketing, and navigating complex "messy middle" entrepreneurial challenges. This suggests it provides both legal and strategic business innovation support tailored to emerging companies and technological growth.
Gina Shishima, the Chief Strategy and Operations Partner of Norton Rose Fulbright, has stated that LX Studio allows for capitalising on the tremendous resources and innovative focus of the firm. She also mentioned that LX Studio will bring new opportunities to offer new and different services to support clients.
Christy Bentz's comments suggest that LX Studio is a strategic initiative to stay competitive in the evolving legal service market. LX Studio will identify, develop, and invest in the best technology to help clients put it to use quickly and effectively.
In summary, LX Studio offers a blend of innovative legal tech solutions, IP strategy formulation, and business incubation to drive digital transformation for clients across sectors. It is part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform.
- LX Studio's services, encompassing both innovative legal tech solutions and business incubation, aim to drive digital transformation for clients in various sectors, aligning with the evolving expectations of legal service delivery.
- By identifying, developing, and investing in the best technology, LX Studio, a strategic initiative of Norton Rose Fulbright, aims to help clients put technology to effective use in their business, demonstrating a focus on finance, business, and technology.
