Leading ALSP's expanded suite of alternative
legal services sees strong adoption as clients embrace a range of
high-quality, budget-focused legal services
NEW
YORK, July 30, 2024 /PRNewswire/ -- Nearly 1,000
businesses around the world have used Axiom's expanded legal
services and solution suite almost 2,000 times during the first
half of 2024. Those businesses report they're reaping immense value
from Axiom's innovative "one-stop shop" for high-quality talent and
alternative legal services.
Among the total, about 350 clients turned to Axiom for outside
counsel work that would have otherwise been referred to more costly
traditional law firms. Over 200 are mid-sized businesses (SMBs)
that require legal talent as good or better than traditional and
national law firm talent1—but on an SMB's budget.
Partnering with Axiom enables in-house and legal ops teams to
address the diverse range of needs they encounter day to day, from
surge capacity to specialized advice, recruitment solutions, large
projects, AI implementations, talent on-demand, and even litigation
and traditional secondments—at rates up to 50% less than national
law firms.
"The legal departments that will thrive in the coming years are
those that are thinking strategically about talent and service
delivery right now," said James
Turoff, SVP, General Counsel, and Secretary at The Hershey
Company, in Hershey, Pa. "Today's
corporate environment demands a level of business insight,
flexibility, and expertise that traditional legal models struggle
to provide. GCs need to innovate their approach to legal services,
finding new ways to balance strategic work with day-to-day
operations efficiently and cost-effectively. The key is developing
a forward-looking plan that prepares your team to weather any
storm—from economic downturns to unexpected legal matters that fall
between the cracks of in-house and outside counsel capabilities.
With a flexible partner like Axiom, we are reimagining how we
access and deploy legal talent, and positioning ourselves to be
ready for everything our business requires."
Throughout 2024, Axiom has continued to expand its alternative
legal services offerings to respond to the needs of
forward-thinking corporate legal departments. Axiom rolled out
recruitment solutions to give clients permanent and interim-to-perm
hiring options, surpassed delivering 250 large projects for
clients, grew its on-demand talent bench to more than 200 lawyers
with specific AI experience, and grew its digital legal talent
marketplace bench more than 60%, putting over 3,200 legal
professionals at clients' fingertips.
By engaging Axiom's highly talented lawyers and legal ops
professionals, Axiom's clients get flexible, high-caliber talent
on-demand who can work as integral members of their in-house team,
who understand the in-house ethos (which often if not always eludes
traditional law firms), and can help clients scale resources
elastically as budgets flex and business demands require.
"Our clients are driving transformative change in how legal
services are purchased, consumed, and measured," said David McVeigh, CEO of Axiom. "Today's in-house
teams want flexibility, cost-effectiveness, and a full spectrum of
support, including high-quality outside counsel services. We're
delivering on this need by redefining alternative legal services
from 'secondments only' into a rich menu of strategic solutions for
in-house teams. Our approach gives GCs, CFOs, and CEOs a lot more
value for their dollar, without compromising quality or
effectiveness. By putting top-tier talent at their fingertips,
we're empowering clients to navigate complex legal matters with
agility, efficiency, and confidence."
For more information or to talk to an Axiom representative,
visit https://www.axiomlaw.com. For more information about Axiom,
please visit our website, hear from our experts on the Inside Axiom
blog, network with us on LinkedIn, and subscribe to our
YouTube channel.
Related Axiom News
- New Study Finds Legals Ops Facing Alignment, AI, and Retention
Issues Even as Budgets Increase
- Axiom's Digital Legal Talent Marketplace Sees Exceptional
Growth
- Axiom Appoints Jacob Flax as Managing Director of Axiom
Australia
- Axiom's New Permanent Recruitment Solutions Now Available in
Asia
- Axiom's AI Legal Talent Bench Surpasses 200 Lawyers
- Axiom Completes Over 250 Large Legal Projects, Expands Program
with Law Firm Services
- National Study Reveals In-House Legal Teams Face a Perfect
Storm of Rising Law Firm Costs and Talent Shortages Amidst
Increasing Workloads and Complexity
- Axiom Introduces New Permanent Recruitment Solutions
- Axiom Achieves Industry-Leading Scores for Talent Quality
- Axiom Marks First Full Year of Innovative Law Firm Practice,
Now Offers Industry's Broadest Array of Law Firm Services and
Solutions
- Axiom Continues to Invest in C-Suite Leadership Team with New
CFO Appointment
About Axiom
Axiom is where high-caliber legal talent meets full-service law
firm work. We invented the alternative legal services industry 24
years ago and now serve more than 1,500 legal departments globally,
including 68% of the Fortune 100, with 95% client satisfaction.
Axiom gives small, mid-market, and enterprise clients a single
trusted provider who can deliver a full spectrum of legal solutions
and services across more than a dozen practice areas and all major
industries at rates up to 50% less than national law firms. To
learn how Axiom can help your legal departments do more for less,
visit axiomlaw.com.
1 90% of clients say Axiom's talent is as good or
better than law firm talent—Axiom active client surveys
View original content to download
multimedia:https://www.prnewswire.com/news-releases/axioms-expanded-portfolio-fuels-nearly-2-000-new-client-engagements-since-january-302209191.html
SOURCE Axiom Global Inc.