Axiom, the global leader in on-demand specialized legal talent, is transforming the way legal teams and lawyers work. Axiom enables clients to access more than 2,000 talented lawyers through an organized platform and build stronger teams to drive better business outcomes. Axiom enables lawyers across all industries and practice areas to succeed while pursuing more of the work they love. The company is strongly committed to gender equality and diversity and is proud to have one of the most diverse employee populations in the industry. Axiom works with more than half of the Fortune 100 companies and currently operates in North America, the UK, Central Europe and Asia Pacific. www.axiomlaw.com. For Axiom: Yonah Bernstein Articulate Communications (US) 212.984.2475 axiom@articulatecomms.com Axiom`s decision to divest from its other business units and go public with a core offering makes sense as an IPO strategy. The two thriving spin-offs can each evolve and focus on their core offerings, allowing Axiom to do the same. It is also cautious from a competitive point of view. Axiom looked closely in the existential mirror and concluded that it will not compete directly with EY, Deloitte, PwC, KPMG, UnitedLex and Allen & Overy for corporate legal services.

Instead, it will focus on global legal talent management, which will undoubtedly include both lawyers and other lawyers. Axiom Global is a leading alternative law firm based in New York, New York. The firm assists clients in project management, contract analysis, corporate transactions, diligence, talent partnerships and general business agreements. Axiom targets financial services, technology, energy and life sciences. Axiom`s model was well suited to the post-financial crisis Global law is in the mindset and formation of the third industrial revolution. The academy is detached from the market and trains students for practical careers that few will have. Many lawyers are still operating as they did ten years ago, maintaining the legal mindset that divides the world into “lawyers and non-lawyers.” The profession, for example, recognizes the emergence of legal transactions as part of the right offer, but rarely grants it the same status or gives it a meaningful voice in management decisions. Even if a legal operations professional is a licensed lawyer, he/she will be relegated to a second-class status compared to “practice” lawyers. It is emblematic of a profession that talks about innovation but goes on the spot. The Permira funds` investment will help Axiom capture growth opportunities stemming from clients` growing need for flexible but integrated legal talent.

Potential areas of support include additional investments in Axiom`s technology platform, which helps identify, match and engage talented companies, as well as the continued expansion of Axiom`s sales force to better meet the needs of current and potential customers, particularly within the Fortune 500. Permira will also leverage its international presence to support Axiom`s continued expansion through investment and business development in the U.S. and globally. Axiom claims to have more than 2,000 lawyers and works with more than half of the Fortune 100. Donio`s relief with Mark Harris can be explained in part by her experience taking a company to the next level. His technical background aligns well with Axiom`s technical and data-driven talent management model. In the future, Axiom is likely to expand its list of legal talent. Ms.

Donio and other Axiom executives are well positioned to manage the development of this critical talent pool. Their decision to stay on track with Axiom reinforces the conclusion that the company is in no way backing down from technology as it doubles its core talent management business. Elena Donio remains CEO while Permira becomes the largest shareholder of the legal recruitment giant. The transaction is subject to customary conditions and is expected to close in the fourth quarter of 2019. This information is available on the PitchBook platform. To explore the full Axiom Global profile, request access. Axiom has divested itself of its technology and managed services businesses, but it hasn`t been cold on technology, far from it. Al Giles, the firm`s director of revenue based in London, gave a presentation to Legal Geek last October on innovations and modernizations in the legal industry that alluded to the leadership of Axiom. Giles` remarks made it clear that technology is an important addition to any organized legal talent pool (using data to match legal talent to the task). That`s what Axiom is after its spin-offs – a 21st century talent market.

Convincing buyers, especially conservative attorneys general, was a bigger hurdle, especially when Axiom hit the market at the turn of the millennium. The legal market was very different then than it is today. Law firms were the dominant provider in the industry, and their hierarchical partnership structure, leveraged business model, and insular culture linked to precedents were major barriers to Axiom or any other vendor adopting a new delivery model.