How do you deliver cost savings during a recession? Do you 1: try to negotiate a discount from your external counsel or 2: spread the work among the existing team (so doing more with the same resource)? Or both?

Not quite the right strategy, advise Axiom‘s Lewis Bowman and Nicola Dyke in our latest advice video below:

About the authors:

Lewis Bowman, Director – Financial Services, Axiom

Lewis Bowman is a Director for Axiom London, helping legal and business teams tackle a range of tactical, strategic and operational legal support issues. He trained as a strategy & operations consultant at PwC for 10 years, advising clients on value-accretive strategies through both mergers and acquisitions, and ongoing business performance improvement. He joined Axiom in 2017 to help grow the London business, and currently partners with Axiom’s largest global clients.

Nicola Dyke, Senior Manager – Financial Services, Axiom

Nicola Dyke is a Senior Manager in Axiom’s Financial Services practice in London.  She works with in-house lawyers to reimagine their teams and optimise legal talent.  Nicola joined Axiom in 2019 from Simmons & Simmons where she practiced as a litigation lawyer for 9 years before switching roles to drive changes to the firm’s key account programme.