Successful Spin-Off for Fortune 50 Technology Business Unit
Axiom's attorneys helped:
Global technology company needed to update high volume of commercial and government contracts to complete divestiture of $18B business unit.
The company lacked enough in-house attorneys with appropriate domain knowledge to deliver this work at scale, and hiring a law firm for this project would require paying premium rates.
Axiom quickly assembled team of 15 attorneys with deep knowledge of commercial and government contracts in the technology industry. Two experienced managers led the team of Axiom attorneys, and they delivered regular updates and reporting to provide the client clear visibility into the project’s progress. Axiom’s approach enabled the team to effectively process all outstanding contracts across United States, Canada, and the United Kingdom required to successfully spin-off the business.
- Axiom team’s size and relevant experience enabled them to quickly process a high volume of contracts, helping client complete the divestiture efficiently and effectively.
- At the client’s request, the same Axiom team began a new workstream to stand up the new business. Since the Axiom attorneys already knew the needs of the business, they were able to rapidly launch the project and align with the client’s requirements.
- The company was able to pay meaningfully lower rates by engaging Axiom attorneys, rather than sending this work to outside counsel.
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