Launches introduction of innovation-centric division, LX Studio, on our website
Norton Rose Fulbright Launches Innovation-Focused Subsidiary LX Studio
Global law firm Norton Rose Fulbright has announced the launch of LX Studio LLC, an innovation-focused US subsidiary. The primary objective of LX Studio was to manage a partnership related to legal technology innovation, but the subsidiary is now defunct and involved in a $15 million fraud lawsuit [3][5].
Despite the legal challenges, LX Studio was built to address the evolving expectations of legal service delivery. The subsidiary is being positioned to support clients beyond just legal advice, focusing on problem-solving capabilities.
Gina Shishima, the Chief Strategy and Operations Partner of Norton Rose Fulbright, has stated that LX Studio allows them to capitalize on their resources and innovative focus. She also mentioned that it will bring new opportunities to offer new and different services to support clients.
Jeff Cody, the US Managing Partner, stated that LX Studio's focus is to provide innovative solutions for clients. Christy Bentz, the Chief Client Value & Innovation Officer, further emphasized this, stating that the goal is to meet clients where they are.
LX Studio will develop products and services for use by Norton Rose Fulbright's lawyers and clients. It will collaborate with legal technology companies and alternative legal services providers, aiming to identify, develop, and invest in the best technology to help clients put it to use quickly and effectively.
LX Studio will be home to some of Norton Rose Fulbright's existing technology products, including the award-winning privacy compliance tool suite NT Analyzer. It may also partner with or invest in novel technologies and alternative legal services offerings.
Christy Bentz further stated that LX Studio provides a platform for more intentional collaboration with clients on the 'how' of legal service delivery. LX Studio is intended to be a platform for collaboration with clients on the 'how' of legal service delivery, building, co-developing, and partnering with clients on personalized service solutions.
In summary, LX Studio LLC was a subsidiary of Norton Rose Fulbright aimed at managing a legal tech partnership focusing on innovation within the legal services space. Although the subsidiary is now defunct and involved in litigation, its purpose was to evolve with the changing expectations of legal service delivery and provide innovative solutions for clients.
- LX Studio, the innovation-focused subsidiary of Norton Rose Fulbright, was intended to collaborate with clients on the 'how' of legal service delivery, using technology to build, co-develop, and partner with clients on personalized service solutions.
- The focus of LX Studio, as stated by Jeff Cody, the US Managing Partner, was to provide innovative solutions for clients in various industries, such as finance, business, and technology, by utilizing legal technology and collaboration with external providers.
