"Our platform unveils a novel expansion, named LX Studio, concentrating on cutting-edge ventures"
Norton Rose Fulbright's LX Studio: A Game-Changer in Legal Innovation
Norton Rose Fulbright, a global law firm, has launched LX Studio, a US subsidiary focused on innovation and digitally-driven service strategies. This new venture is a key component of the firm's global innovation and service delivery program, NRF Transform [2][5].
LX Studio's primary objective is to accelerate legal innovation within the firm. It serves as a hub for developing and applying new technologies and innovative solutions in the legal sector, with the aim of enhancing service delivery and efficiency [2][5].
The subsidiary supports Norton Rose Fulbright by leveraging innovation to address complex legal challenges, such as those in areas like blockchain law and insurance finance transactions, demonstrating its role in advancing cutting-edge legal practices [2][5].
Jeff Cody, the US Managing Partner of Norton Rose Fulbright, stated that LX Studio's focus is to provide innovative solutions to enable clients to achieve their legal and business objectives efficiently [1]. The business model of LX Studio is built around the idea of giving clients more innovative solutions.
LX Studio aims to identify, develop, and invest in the best technology, helping clients put it to use quickly, effectively, and comprehensively [1]. Christy Bentz, the Chief Client Value & Innovation Officer of Norton Rose Fulbright, clarified that while legal advice is the core of what the firm delivers, LX Studio focuses on the 'how' of legal service delivery [3].
Gina Shishima, the Chief Strategy and Operations Partner of Norton Rose Fulbright, stated that LX Studio allows the company to capitalize on its resources and innovative focus [4]. She also mentioned that this new venture will bring new opportunities for the firm to offer new and different services to support clients.
LX Studio will be home to Norton Rose Fulbright's award-winning privacy compliance tool suite, NT Analyzer [2]. It will also offer legal operations solutions for corporate legal departments as part of its services [6].
In addition, LX Studio will collaborate with legal technology companies, alternative legal services providers, and may partner with or invest in novel technologies [7]. Christy Bentz emphasized that the firm wants to meet clients where they are with LX Studio [8].
Legal service delivery expectations continue to evolve, and LX Studio further positions Norton Rose Fulbright to adapt to these evolutions, according to Christy Bentz [9]. By embracing innovation, LX Studio is poised to redefine the legal landscape and deliver better, more efficient solutions for clients.
The business model of LX Studio, a subsidiary of Norton Rose Fulbright, centers around providing innovative technology solutions for clients to achieve their legal and business objectives more efficiently. LX Studio plans to collaborate with legal technology companies, alternative legal services providers, and may even invest in novel technologies to meet clients where they are.
