Workouts and restructuring

The chaotic economic environment brought on by the coronavirus pandemic has led to a rise in distressed companies. Lenders and creditors face an unprecedented challenge of navigating a high volume of loans in distress. The unpredictable nature of this crisis means that lenders are faced with managing workouts at an unknown volume without a clear timeframe for economic recovery.

Get help managing your distressed risk now

The challenge

Legal counsel have limited options

Sending distressed risk work to outside counsel as overflow is inefficient and costly. Training internal staff to provide quick impact can be extremely difficult, if not impossible.

Assigning current team members to manage distressed risk is not viable long term and can also hurt critical workflows already in progress.

“

“Without more granular risk management… we could get a wave of substantial bankruptcies and [that] could feed into a financial crisis.”

James Bullard President Federal Reserve Bank of St. Louis

How Axiom can help you

Axiom’s flexible, on demand talent solutions are customized based on your business needs. With a credit-focused talent pool of 100+ lawyers, 66% of which have practical in-house experience, we can help:

Build capacity and expertise
Deploy lawyers with experience in lending, workouts, and special assets who can execute: loan and security document agreement reviews; forbearance agreement drafting and negotiation; advising special asset groups and lending teams on loan agreements; bilateral loan restructuring and renegotiation.

Backfill for your existing team
Bring on Axiom lawyers to support business-as-usual work while you task your internal team members to handle workout initiatives.

Deploy integrated team solutions
Axiom has a 20+ year track record with the world’s largest financial institutions of delivering large, complex solutions for regulatory-driven legal and contracts-related work.

Build your team

100+

Lawyers with credit and lending workout experience

10 of the top 20

Investment banks work with Axiom

99%

Of clients say they would recommend Axiom

Why Axiom?

Access world-class talent with relevant experience

Build a dynamic team

Work with a partner who understands your business

Get workout support

10+ years of relevant experience

Lawyers provided by Axiom have an average of 10+ years of relevant experience.
Axiom lawyers have experience working in lending, workouts, and special situations groups.
Axiom lawyers have experience entering fast-moving, complicated regulatory and financial situations and can ramp up to deliver value quickly.

Varied and proven engagement models

Axiom offers varied and proven engagement models tailored to meet your business needs and respond to economic uncertainty.
Axiom can provide one or multiple attorneys, often at cost savings of 50-75% over a law firm.

110 banking engagements in 2019

Axiom has the experience to help you structure your legal team to respond to rapidly changing business teams and special assets groups.
Axiom works with over 90 commercial banking units, 10 of the top 20 global investment banks, and performed over 110 engagements with banking clients in 2019 alone.