Launches Innovation-Driven Subsidiary, Dubbed LX Studio, on Our Site
Norton Rose Fulbright Launches Innovation-Focused Subsidiary LX Studio
Global law firm Norton Rose Fulbright has announced the launch of LX Studio, an innovation-focused US subsidiary. The purpose of LX Studio is to accelerate legal innovation by harnessing technology and digital transformation to deliver more effective and efficient legal services [1].
LX Studio will work on developing products and services that go beyond traditional legal advice. Christy Bentz, the Chief Client Value & Innovation Officer of Norton Rose Fulbright, stated that LX Studio provides a platform for more intentional collaboration with clients, focusing on the 'how' of legal service delivery [2].
One of LX Studio's key initiatives is to collaborate with legal technology companies, alternative legal services providers, and may partner with or invest in novel technologies [3]. This collaboration aims to identify, develop, and invest in the best technology, helping clients put it to use quickly, effectively, and comprehensively.
LX Studio will house some of Norton Rose Fulbright's existing technology products, including the award-winning privacy compliance tool suite, NT Analyzer [4]. The focus of LX Studio, as stated by Christy Bentz, is to meet clients where they are, adapting to the evolving expectations of legal service delivery [5].
The business model of LX Studio includes extending the website's existing platform. Jeff Cody, Norton Rose Fulbright's US Managing Partner, stated that LX Studio's focus is to provide innovative solutions to enable clients to achieve their legal and business objectives efficiently [6].
Gina Shishima, the Chief Strategy and Operations Partner of Norton Rose Fulbright, expressed that LX Studio allows them to capitalize on their resources and innovative focus, bringing new opportunities to offer new and different services to support clients [7]. She further emphasized that LX Studio allows Norton Rose Fulbright to capitalize on the unending evolution of the business and practice of law.
LX Studio will be part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform [8]. The initiative supports offering new and different services to clients, as mentioned by Gina Shishima [9].
Christy Bentz highlighted that legal advice is the core of what LX Studio delivers, and LX Studio enables them to collaborate more intentionally with clients on the 'how' of legal service delivery [2]. According to Christy Bentz, LX Studio positions Norton Rose Fulbright to build, co-develop, and partner with clients on personalized service solutions [10].
In summary, LX Studio is dedicated to driving innovation within the legal field through technology, enhancing how legal services are provided, and supporting clients' business and IP strategies in a competitive landscape [1]. The subsidiary aims to provide more problem-solving capabilities to clients, beyond just legal advice, and to help clients innovate, manage intangible assets, and improve legal service delivery through technology.
[1] Norton Rose Fulbright Press Release, "Norton Rose Fulbright launches innovation-focused US subsidiary, LX Studio," 2021. [2] Norton Rose Fulbright Press Release, "Norton Rose Fulbright launches innovation-focused US subsidiary, LX Studio," 2021. [3] Norton Rose Fulbright Press Release, "Norton Rose Fulbright launches innovation-focused US subsidiary, LX Studio," 2021. [4] Norton Rose Fulbright Press Release, "Norton Rose Fulbright launches innovation-focused US subsidiary, LX Studio," 2021. [5] Norton Rose Fulbright Press Release, "Norton Rose Fulbright launches innovation-focused US subsidiary, LX Studio," 2021. [6] Norton Rose Fulbright Press Release, "Norton Rose Fulbright launches innovation-focused US subsidiary, LX Studio," 2021. [7] Norton Rose Fulbright Press Release, "Norton Rose Fulbright launches innovation-focused US subsidiary, LX Studio," 2021. [8] Norton Rose Fulbright Press Release, "Norton Rose Fulbright launches innovation-focused US subsidiary, LX Studio," 2021. [9] Norton Rose Fulbright Press Release, "Norton Rose Fulbright launches innovation-focused US subsidiary, LX Studio," 2021. [10] Norton Rose Fulbright Press Release, "Norton Rose Fulbright launches innovation-focused US subsidiary, LX Studio," 2021.
LX Studio, the subsidiary launched by Norton Rose Fulbright, is dedicated to utilizing technology in the business of law, with the goal of enhancing legal service delivery and offering innovative solutions that cater to clients' business objectives. Christy Bentz, Norton Rose Fulbright's Chief Client Value & Innovation Officer, explained that LX Studio will work closely with clients and technology companies to co-develop and build personalized service solutions.
