Axiom Announces Strategic Investment from the Permira Funds
Summary
The new investment will support Axiom as it continues to expand in the U.S. and internationally, launch new service delivery capabilities and leverage the legal industry’s ongoing shift to flexible talent models. Elena Donio, Chief Executive Officer of Axiom, commented, “Our industry is in the early days of a complete transformation, away from the historical law firm paradigm toward nimble, technology-powered solutions. They have a tremendous track record of supporting tech-enabled, services-led businesses like ours, and together we can accelerate growth, deepen our service proposition for clients and provide even greater career opportunities for the lawyers on our platform and our teammates.” Mark Harris, Axiom’s founder and Chairman, added, “This is a powerful union, perfectly timed. Axiom created the category for on-demand legal talent for the enterprise and is now taking action to enhance its technology and expand its offerings for its unique, global community of lawyers and clients. Areas of likely support include further investment in Axiom’s technology platform, which helps to identify, match and engage companies with talent, and continued expansion of Axiom’s sales force to better meet the needs of current and potential clients, particularly within the Fortune 500.