Debuts the novel innovation-centered offshoot, LX Studio, on our site
In a groundbreaking move, global law firm Norton Rose Fulbright has unveiled LX Studio, a new subsidiary dedicated to accelerating legal innovation and revolutionizing the way legal services are delivered.
LX Studio is designed to foster and accelerate legal innovation through technology. It will facilitate partnerships with tech companies to co-develop legal tech solutions, and invest in and manage subsidiaries related to legal technology. The aim is to support the firm's digital transformation and explore new, innovative service offerings.
Christy Bentz, Norton Rose Fulbright's Chief Client Value & Innovation Officer, emphasizes the role of LX Studio in intentionally collaborating with clients on the 'how' of legal service delivery. This aligns with the firm's website's commitment to meeting clients' needs.
Gina Shishima, the Chief Strategy and Operations Partner, underscores the importance of LX Studio in offering new and different services to clients in response to the evolving landscape of the legal industry. She mentions that the initiative brings new opportunities for the firm to offer services that support clients in the evolving business and practice of law.
Jeff Cody, the US Managing Partner, stated that LX Studio's aim is to provide innovative solutions for clients to achieve their legal and business objectives efficiently. LX Studio's business model is built around giving clients more than just legal advice, focusing on comprehensive problem-solving.
LX Studio will be part of Norton Rose Fulbright's global innovation and service delivery program, NRF Transform. It will house some of the firm's existing technology products, including the award-winning privacy compliance tool suite NT Analyzer.
Moreover, LX Studio will help clients quickly, effectively, and comprehensively identify, develop, and invest in the best technology for their needs. It will develop products and services for use by the firm's lawyers and clients, further positioning Norton Rose Fulbright to collaborate with clients on problem-solving capabilities.
LX Studio's focus on innovation and collaboration with clients is aimed at responding to the unending evolution of the business and practice of law. By supporting clients where they are and aligning with the evolving expectations of legal service delivery, LX Studio is designed to meet clients' needs in today's rapidly changing legal landscape.
However, recent reports indicate some controversy, including a $15 million fraud lawsuit alleging that Norton Rose Fulbright made false promises regarding its management of LX Studio and its partnerships. Despite these legal disputes, LX Studio's focus and purpose align with modernizing legal practice via technology partnerships and innovation investments under the Norton Rose Fulbright umbrella.
In conclusion, LX Studio represents a significant step forward in the legal industry, leveraging technology to improve legal workflows and client service efficiency. As Norton Rose Fulbright continues to develop products and services for use by its lawyers and clients, LX Studio is poised to further position the firm as a leader in the digital transformation of the legal industry.
- Norton Rose Fulbright's new subsidiary, LX Studio, plans to invest in and manage subsidiaries related to legal technology, aiming to support the firm's digital transformation and offer innovative services in the business and practice of law.
- LX Studio's business model is centered around partnerships with tech companies to co-develop legal tech solutions and the offering of comprehensive problem-solving services, with a focus on helping clients achieve their legal and business objectives efficiently through the use of technology.
