In 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.
Axiom, 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.
The 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.
The 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.
October 24, 2018 | Published by Asian Legal Business
Following a stint at a law firm, Alex de Miranda came to the realisation that working for a traditional legal practice was not for him, and he started looking for alternatives. It was at that point that he found Axiom. De Miranda, who has now been with Axiom for close to 10 years, describes the moment he decided to join the NewLaw firm as “a happy accident.” “I was lucky that I came into Axiom right when they were starting in London, and I’ve been with them ever since,” he says.
September 27, 2018 | Published by Today's General Counsel
The new lease accounting standards (FASB ASC 842 and IFRS 16) introduce rules as to how companies identify and measure the value of leases, and how they report them on corporate balance sheets. Nearly all off-balance sheet accounting for lessees will be eliminated. Companies will need to account for the present value of all lease liabilities on the balance sheet as debt, while also being able to account for a right-of-use asset.
February 13, 2018 | Published by Financier Worldwide
Corporate restructuring, job relocations… contract remediation? In testimony before lawmakers in December 2017, Barclay’s chief executive John McFarlane revealed that renegotiation of “hundreds of thousands” of contracts is one of his chief Brexit concerns. He is not alone. Andrew Bailey, head of the UK Financial Conduct Authority (FCA), said “contract continuity” is among the biggest potential disruptions in a no-deal, no-transition Brexit. Bank of England governor Mark Carney and European Central Bank president Mario Draghi have also expressed concern about the problem and the lack of time left for a solution.