Axiom in the News
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Reid-Dodick Joins as Compensation Chair and Philips as Audit Chair | ‘New Economy’ Leaders Share Axiom Vision for Future of Work
December 4, 2018
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New York, NY– Axiom, the leading global alternative legal services provider, announced two strategic hires to its leadership team. Cathy Johnson joins Axiom as Chief Information Officer (CIO) and Lisa Young joins as General Counsel (GC). As Axiom continues to significantly grow and scale its business, Johnson and Young will play critical roles in furthering Axiom’s mission to transform the legal industry through talent and technology.
September 5, 2018
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New York, NY – Trillions of dollars of lease obligations are set to hit corporate balance sheets in December 2018 for US companies, and January 2019 for international companies as new lease accounting standards (ASC 842 and IFRS 16) take effect. The two standards introduce new rules for how companies identify and measure the value of leases, and how they report them on corporate balance sheets. But as the deadlines for compliance loom, companies will need to look beyond leases – to their entire contract portfolio – in order to meet the requirements, according to new insights from Axiom, the leading global alternative legal services provider.
July 16, 2018
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New York, NY (June 26, 2018) – Intralinks, the world’s leading Virtual Data Room (VDR) provider, and Axiom, the leading global alternative legal services provider which has supported more than $500 billion in corporate transactions, today announced that they have formed an alliance to provide new and existing clients innovative solutions for buy and sell-side due diligence and post-merger integration.
June 26, 2018
Brexit creates the most significant contracting challenge the financial services industry has ever faced, with more than 7.5 million contracts requiring amendments within the next 12 months, according to an Axiom analysis. Axiom launches BrexitBridge – a standardised, flexible solution to update contracts ahead of Brexit – to help companies respond.London (MARCH 15, 2018) – Major financial services companies operating across the UK and EU will need to review and update more than 7.5 million contracts in the next 12 months – including trading documents, key supplier agreements, loans and non-trading contracts – according to new analysis from Axiom, the leading global alternative legal services provider. To help the industry meet this challenge, today Axiom is launching BrexitBridge, a flexible, modular solution that combines artificial intelligence (AI), business intelligence tools and legal expertise to expedite the review, revision and renegotiation of contracts on a large scale.
By Stephen Strigle
March 15, 2018
New York, NY (January 30, 2018) — Axiom, the leading global alternative legal services provider, today announced the Contracts Intelligence Platform, a state-of-the-art technology solution for corporate transaction teams that speeds the contract review process, reveals potential deal synergies and provides business-critical information in a clear, elegant system.The Contracts Intelligence Platform, used during buy or sell-side due diligence or during post-merger integration, provides two key functions: First, the technology automates contract review, using artificial intelligence to collect and identify relevant clauses. As part of Axiom’s M&A Diligence and Integration solution, experienced legal professionals also provide oversight to ensure data accuracy and interpret contractual language into structured, measurable data fields.
By Stephen Strigle
January 31, 2018
FRANKFURT (May 22, 2017) – Axiom, the leading alternative legal services provider, is entering the next phase of its ambitious growth strategy across Europe as Dr. Matthias Schwenke joins to head the company’s operations in Germany.
By Stephen Strigle
May 23, 2017
LAS VEGAS, NV (May, 9 2017) – Seventy to ninety percent of merger and acquisition activity fails to achieve its goals. These failings are primarily due to the de-prioritization of deal integration and due diligence analysis. In-house lawyers understand these pre- and post-deal pitfalls, and are eager to affect change, but do not feel empowered to do so. Instead, they feel confined to due diligence box-ticking exercises, which add limited value to deal outcomes. These are the findings from The Deal Machine: M&A 2017, released today at The 2017 Corporate Legal Operations Consortium (CLOC) Institute by alternative legal services provider Axiom, in conjunction with Raconteur.
By Stephen Strigle
May 9, 2017
BELFAST, Ireland (April 20, 2017) – Axiom, the leading alternative legal services provider, announced the official opening of its new Belfast Centre of Excellence located in the Lincoln building. The new space represents a significant expansion of the company’s Belfast operations and the third relocation for growth since the Centre’s launch in 2012. The Centre will now accommodate anticipated hiring for the next two years, with offices for approximately 350 team members and legal professionals.
By Stephen Strigle
April 25, 2017
NEW YORK, NY (December 15, 2016) – Axiom, a leading provider of technology-enabled legal and contracting services, today announced a 5-year, managed contracting services agreement with Johnson & Johnson Services, Inc. Under the terms of the agreement, Axiom will provide a multi-shore contract management service supporting the company’s global procurement contracting function.
By Stephen Strigle
December 15, 2016
NEW YORK (November 2, 2016) — Axiom, a leading provider of technology-enabled legal and contracting services, today announced a significant expansion of its senior leadership team. Mark Harris, who co-founded the firm 16 years ago and has served as its CEO ever since, will move into the role of Executive Chairman. Elena Donio, a respected technology executive, will join Axiom as its next CEO and join the company’s Board of Directors, effective November 30. Together, Harris and Donio will partner to spearhead ambitious growth and the amplification of the firm’s mission to modernize the delivery of legal services.
By Stephen Strigle
November 2, 2016
Toronto (BUSINESS WIRE) – (Jan 14, 2016) – Cognition LLP announced today the reorganization of its business to align more specifically to its two primary customer lines: larger corporations with legal departments (General Counsel Clients) and small/medium enterprises without in-house legal counsel (SME Clients). Axiom Cognition will focus on Canadian General Counsel Clients and will be acquired by Axiom at the end of January, while Caravel Law, a newly established professional corporation, will concentrate on SME Clients. Both Axiom Cognition and Caravel share the mission of providing innovative, cost effective legal services and technology-enabled solutions to their respective client bases.“At the same time we are equally proud to have served as a refreshing option for top quality legal talent to continue practising in their chosen profession on their own terms.”
By Stephen Strigle
January 14, 2016
London, UK–(BUSINESS WIRE) (January 5, 2016) – Axiom, a leading provider of technology-enabled legal services, today announced that Sara Morgan will assume the position of General Manager in London. In her new role, Morgan will spearhead Axiom’s further growth in the UK, where the firm helps clients develop innovative responses to the complex and rapidly evolving legal, regulatory and compliance landscape.
By Stephen Strigle
January 5, 2016
Award Recognizes Innovation in the Application of Technology and Data Analytics to Commercial Contracts
By Stephen Strigle
October 21, 2015
– First ‘Self-Service’ Meets ‘Concierge-Service’ Contract Utility in Market –
By Stephen Strigle
September 9, 2015
New York, NY (August 11, 2015) – Axiom, a leading provider of technology-enabled legal services, today announced that Mathew Keshav Lewis has joined the firm as the Co-Head of its Global Banking Practice. In his new role, Lewis will partner with Axiom’s growing portfolio of banking-sector clients to further develop innovative, technology-enabled responses to the complex and rapidly evolving regulatory and compliance landscape.
By Stephen Strigle
August 11, 2015
Axiom CEO Mark Harris
Q: Can you explain exactly what your company does and what problem it solves?
June 11, 2015
Axiom Providing Global Sales Contracts Support for Dell Leveraging Cloud-Based Technology Platform
By Carrick Staff
June 10, 2015
NEW YORK, October 7, 2013 —Mark Harris, Founder and CEO of Axiom, the world’s largest and fastest growing non-traditional provider of legal services, was the recipient of the Financial Times Special Achievement Award. The award which “recognizes the abilities and exceptional contributions of an individual to the legal profession, business and society,” was given to Harris during the annual FT Innovative Lawyers Awards Dinner, which took place in London on October 3rd.
By Carrick Staff
October 7, 2013
Gurgaon, India, February 19, 2013 —Axiom, a 1,000 person new model firm that helps large multi-national firms manage legal work more effectively, today formally announced the opening of its Centre of Excellence in Gurgaon, India. As with Axiom’s other centres, including the newly expanded Belfast centre, Gurgaon will house legal professionals serving global companies.
By Carrick Staff
February 19, 2013