The empty deceit in rising artist's studio (7)
I believe the answer is:
atelier
'studio' is the definition.
(atelier is a kind of studio)
'the empty deceit in rising artist's' is the wordplay.
'empty' means to remove the middle letters.
'deceit' becomes 'lie' (I've seen this in other clues).
'in' means one lot of letters goes inside another.
'rising' says the letters should be written backwards (going up in a down clue).
'artist' becomes 'ra' (Royal Academician, member of Royal Academy of Arts).
'the' with its centre removed is 'te'.
'ra' reversed gives 'ar'.
'te'+'lie'='telie'
'telie' put into 'ar' is 'ATELIER'.
(Other definitions for atelier that I've seen before include "Artist's workroom" , "Artist's studio (French)" , "Artist's workshop, studio" , "Tie earl up in the artist's place" , "Designer's workshop" .)