Budget Management With Control Over Legal Spend
Stay in control during hiring freezes and budget cuts
The recession will force legal leaders to reset how they resource work, fast.
The global pandemic is creating a recession with no precedent, causing extensive business and budget uncertainty. Distance from their offices and teams has hampered the capacity of in-house and law firm lawyers unaccustomed to remote work. Their effectiveness has been heavily constrained.
Recalibrate your legal spend with AxiomIn this volatile environment, legal leaders face the following challenges:
- Frozen or reduced headcount and budgets
- New legal workstreams that are unpredictable and expanding
- Hampered capacity of in-house and law firm lawyers unaccustomed to remote work
Typical responses are not sufficient today due to the size and pace of economic change, the urgency of the demands, and the unpredictability of what comes next.
When forced to shrink headcount and budget, legal leaders have typically responded by:
- Negotiating discounts with outside firms
- Spreading more work across fixed headcount
- Cutting contingent labor
- Deferring certain work
Retain control over your risk, resources, and team
Legal leaders who avail themselves of the full universe of legal talent will survive the current economic turmoil and emerge even more empowered and well-positioned to support business growth.
Axiom offers the following to help you get started:
Increased value over traditional outside counsel
A bench of lawyers with an average of 15 years of experience and comfort in periods of change
Unbundling of restructuring, regulatory, litigation, and corporate transactions, in partnership with traditional firms
Solutions to hiring freezes, team productivity constraints, and new workstreams
Supplemental legal talent on a full- or part-time basis
Continuity with institutional knowledge lost from reduced headcount
Transition your headcount to Axiom’s talent platform
How Axiom can help
For 20 years Axiom has helped companies optimize their resources with reduced legal budgets. Our 2,400+ lawyers bring the following advantages to your team:
- Legal expertise on par with or superior to law firm associates
- Majority are alumni of AmLaw 200/F1000
- Average of 15 years experience
For 20 years Axiom has helped companies optimize their resources with reduced legal budgets. Our 2,400+ lawyers bring the following advantages to your team:
- 50-75% savings relative to traditional firms
- Flexible billing options, including hourly and fixed rates
- 99% of clients in 2019 survey recommend Axiom
For 20 years Axiom has helped companies optimize their resources with reduced legal budgets. Our 2,400+ lawyers bring the following advantages to your team:
- Talent deployed in hours or days, not weeks
- 20 years of experience in remote engagement management
- Commercially ready attorneys who are productive from day one
How Axiom can help
Expertise
For 20 years Axiom has helped companies optimize their resources with reduced legal budgets. Our 2,400+ lawyers bring the following advantages to your team:
- Legal expertise on par with or superior to law firm associates
- Majority are alumni of AmLaw 200/F1000
- Average of 15 years experience
Cost management
For 20 years Axiom has helped companies optimize their resources with reduced legal budgets. Our 2,400+ lawyers bring the following advantages to your team:
- 50-75% savings relative to traditional firms
- Flexible billing options, including hourly and fixed rates
- 99% of clients in 2019 survey recommend Axiom
Speed to impact
For 20 years Axiom has helped companies optimize their resources with reduced legal budgets. Our 2,400+ lawyers bring the following advantages to your team:
- Talent deployed in hours or days, not weeks
- 20 years of experience in remote engagement management
- Commercially ready attorneys who are productive from day one
Rethinking Your Legal Talent
Learn how to build a more cost-efficient, flexible, and efficient legal ecosystem
Axiom Guide
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By Mark Cohen
Article in Forbes
READ MOREReimagining Remote Work and the Future of Legal Culture
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The downturn will force legal leaders to reset how they resource work, fast.
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