Challenge
A manufacturing company’s global footprint has left it unable to keep up with their real estate matters. With only one in-house real estate counsel, they resort to outside counsel to review over 100 new transactions annually.
Approach
To reallocate their sky-high outside spend, the client taps an Axiom real estate pro to take over their commercial leasing operation. The Axiom lawyer works directly with real estate managers and brokers to run each deal, around 100 per year, without additional outside guidance. He drafts letters of intent, amends leases, and manages renewals based on the client’s unique risk tolerance profile.
Impact
- Axiom lawyer “sets the function to autopilot” by offloading the leasing burden from the company’s overworked in-house counsel.
- Empowers real estate business team to resolve matters ranging from small renewals to large new leases without outside counsel support.
- Client saves $138,000 annually by reallocating lease work from outside counsel.
