Due to a merger, one of the world’s largest healthcare technology companies needed to quickly build up its internal legal and compliance infrastructure, as it no longer had access to the shared services network that had been provided by its Fortune 500 parent company. Relying solely on traditional law firms was deemed inefficient and challenging to their budget. They required a dynamic partner that understood their business and could quickly provide support for a broad range of legal matters.
The healthcare technology company retained Axiom in May 2017 after the merger to provide two experienced lawyers to augment the in-house legal team. Lawyers provided by Axiom offered a variety of expertise, and the company soon asked Axiom for significant additional support. Due to Axiom’s flexible model, the team at the healthcare company was able to scale up from a few lawyers to more than a dozen across seven practice areas within a few months.
Axiom lawyers supported work across numerous legal practice areas, including privacy, transactions, and compliance. Within those areas, Axiom lawyers provided support on policies and procedures, compliance, regulations, government contracts, procurement contracts, customer contracts, real estate matters, incidents, and investigations. Axiom’s solution included engagements with individual lawyers who were subject matter experts in specific practice areas, as well as engagements with teams of multiple lawyers. The teams worked together on large projects and supported the client in areas where they had significant personnel gaps.
For each team engagement, Axiom provided an experienced team leader to oversee the team’s work. Axiom assembled teams that had a mix of seniority and adjusted capacity based on demand in order to optimize capabilities and cost. Additionally, Axiom provided analytics for operational metrics such as volume of work, turnaround times, complexity levels, and key legal issues. These analytics were critical to report progress, improve processes, and help the newly independent legal department determine its optimal resourcing structure.
The leading healthcare technology company generated efficiency by using Axiom lawyers as a fluid workforce and reallocating them to new projects or hiring gaps. They gained significant cost savings, including $100,000 to $250,000 per month for each team engagement, resulting in an estimated savings of $5 million in the first two years as an independent company.