New York legal services business Axiom has shelved plans to list on the stock market, opting instead for a single cash injection from an equity funder.
Read MoreLast night, pioneering on-demand lawyer service and ALSP, Axiom, announced that it had taken a significant investment from private equity (PE) fund, Permira. Artificial Lawyer spoke to San Francisco-based Senior Vice President & Head of Commercial for North America, David Pierce, about why there was no IPO as announced back in February, and what’s next following the new funding.
Read MoreLawyer staffing company Axiom announced it has received an investment from private equity firm Permira Funds and has scrapped its pursuit of a public offering.
Read MoreThe alternative legal-services provider considered several options, including an IPO and private investments, to raise capital to drive its next stage of growth.
Read MoreElena Donio will stay on as CEO as Permira becomes the legal staffing behemoth's biggest stakeholder. Permira, the European private equity firm known for its investments in professional services businesses, has made a “significant” investment in legal staffing and services provider Axiom and will be the majority owner of the company, according to Axiom senior vice president David Pierce.
Read MoreIn what must be assumed to be a u-turn on its plans to float, Axiom today (5 September) announced that it has taken a “significant investment” from Permira, albeit the sum is as yet undisclosed. The Axiom management team, led by CEO Elena Donio, will continue in their current roles. You will recall that Permira is already active in the legal tech sector having taken a controlling stake in LegalZoom in 2014.
Read MoreAxiom, one of the world’s largest alternative legal services providers, said today that it has entered into an agreement with private equity firm Permira by which a company backed by Permira funds will take a significant investment in Axiom.
Read MoreAs general counsel of alternative legal services provider Axiom, Lisa Young spends a chunk of her time brainstorming and implementing ways to make her peers' job easier.
Read MoreThe CEO of a company that calls itself 'the future of law' says she still can't escape sexism at work — but she's on a mission to prove mentorship can break the glass ceiling. Along with calling out sexism when she sees it, Donio tells women not to say "yes" to everything and to take time away from work if they want to spend it with their families.
Read MoreThe Seattle area has become known as an international technology and innovation hub, with first-rate tech companies, universities, and a thriving start-up scene all contributing to the city’s large and growing talent pool. We have an exclusive interview with Elena Donio, CEO of Axiom who speaks more on technology impacting the legal sector.
Read MoreHave a question, idea
or want to work together?
