The phasing out of the London Interbank Offered Rate, or LIBOR, in 2021 is one of the most wide-reaching developments the financial industry has seen in decades and, on top of current global uncertainty, poses a significant challenge.
Axiom Managed Solutions (AMS), a spin-off of global flexible resourcing business Axiom, has decided to go it alone after a nearly year-long sale process, with investors keen to hang onto complex matters instead of a move to commoditised work. From now on, the company will be called Factor and will increase its presence in the managed services market with new business lines after a chunky investment from longtime investors such as venture capital firms Benchmark Capital and Carrick Capital, which have […]
Axiom has created a new platform to manage its growing pool of flexible lawyers, marking the provider’s first tech output since receiving a significant private equity investment that put an end to its plans to IPO last autumn. The provider has developed a new platform called Axiom for Talent, which will be used to map the skills available across its international pool of about 2,000 lawyers across seven countries in a bid to assign the right professional to the right […]
Global revenue at Axiom Managed Solutions (AMS), a spin-out from global flexible resourcing business Axiom, is understood to have reached £50m according to research for this year’s in this year’s UK 200 top 100. Some £28m of its total revenue was generated out of the UK, The Lawyer understands. In last year’s UK 200 The Lawyer reported that pre-split Axiom’s UK revenue was £49m with 450 fee-earners and 200 UK qualified lawyers, but that was across both businesses. AMS, which […]