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Low-cost law firm Axiom is set to launch offices in India and Singapore, just five months after it opened in Belfast.
Axiom, which specialises in providing bank lawyers for in-house legal functions, is scheduled to open a service delivery centre in Gurgaon, India in late November. The firm has already got regulatory approval and secured 5,500 sq ft of office space. The firm is now looking to build a team to staff the office, which will be modelled on its other delivery centres in Belfast, Chicago and Houston. The office will serve Axiom’s existing global clients rather than trying to attract local ones, and will also act as the firm’s global centre for reporting and data analytics.
The new India office comes as the firm looks to launch in Singapore. Planning for the Singapore office is still in its nascent stages, with office space yet to be secured, but Axiom hopes to open there this year. Axiom will not be structured as a law firm in Singpore, but intends to have lawyers on the ground serving its Asia-Pacific clients.
Axiom already has an office in Hong Kong, which it opened in 2010. Earlier this month the firm hired Mark Velthuis, who was a regional managing director at BT Global, as Asia managing director. Velthius will manage Axiom’s 20-lawyer team there and will also be responsible for structuring Axiom’s outsourcing and secondment deals with clients in the region.
In a statement, Axiom COO Paul Carr, said: “Many of our clients have made significant investments in the Asian marketplace. As such, they need a partner who can help them navigate the unique legal complexities that accompany multi-jurisdictional growth. Mark will be an invaluable asset in helping GCs not only mitigate multi-shore risks but identify the legal issues that are specific to the Asian business community.”
Earlier this year, Axiom opened a delivery centre in Belfast after being offered up to £1.6m in public funding to make the move (20 March 2012).