Unveils the debut of innovation-centered spin-off, LX Studio, on our platform
The global law firm Norton Rose Fulbright has announced the launch of LX Studio, an innovation-focused US subsidiary aimed at accelerating legal innovation through technology and digital transformation [1].
Purpose and Focus
LX Studio's purpose and focus center on leveraging innovative tools and approaches to support the firm's core intellectual property (IP) and legal practice areas. The goal is to provide effective and efficient legal services that meet the evolving needs of clients in a competitive landscape [1].
Services and Partnerships
LX Studio works closely with Norton Rose Fulbright's global intellectual property team, offering services such as:
- Development and deployment of legal technology innovations to improve legal service delivery and client outcomes [1].
- Support for the strategic management of IP rights and risks, including regulatory and competitive landscape analysis for new markets and technologies [1].
- Collaboration on complex transactions such as mergers and acquisitions, joint ventures, and public offerings, providing both commercial and strategic IP advice [1][2].
- Partnerships within the firm and possibly with external technology companies to integrate tools aimed at digital transformation and legal innovation [1].
Products and Services Development
LX Studio will develop products and services for use by Norton Rose Fulbright's lawyers and clients. Some of the existing technology products that LX Studio will house include the award-winning privacy compliance tool suite NT Analyzer [2].
Collaboration with Clients
Christy Bentz, the Chief Client Value & Innovation Officer of Norton Rose Fulbright, expresses a desire to meet clients where they are. LX Studio provides a platform for more intentional collaboration with clients on the 'how' of legal service delivery [3].
Strategic Positioning
Gina Shishima, the Chief Strategy and Operations Partner of Norton Rose Fulbright, emphasizes that LX Studio is designed to capitalize on the firm's resources and innovative focus. Jeff Cody, the US Managing Partner, stated that LX Studio's focus is to provide innovative solutions for clients [3].
Under the global innovation and service delivery program NRF Transform, LX Studio is expected to offer innovative solutions tailored to client needs, aiming to help clients achieve their legal and business objectives in the most efficient way possible [4].
[1] Norton Rose Fulbright. (2021). LX Studio Launches to Accelerate Legal Innovation
[2] Norton Rose Fulbright. (2021). Norton Rose Fulbright Launches LX Studio to Advance Legal Innovation
[3] Law.com. (2021). Norton Rose Fulbright Launches LX Studio with a Focus on Innovation
[4] Legaltech News. (2021). Norton Rose Fulbright Launches LX Studio to Boost Innovation in Legal Services
[5] Law360. (2021). Norton Rose Fulbright Hit With Fraud Suit Over Legal Tech Integration
- The services offered by LX Studio, such as the development and deployment of legal technology innovations, aim to support the business operations of Norton Rose Fulbright by leveraging technology in the finance sector and enhancing legal service delivery in the industry.
- In addition to collaborating with Norton Rose Fulbright's global intellectual property team, LX Studio also plans to form partnerships with external technology companies to further bolster its technology offerings and position itself as a leader in legal innovation and digital transformation.
