Highly-skilled lawyers helping find unique solutions for complex in-house tasks and outside counsel work: Axiom Law

The Silicon Review

Law is an integral part of any business. Understanding the nuances of the law and complying with the changing law and legal proceedings can be cumbersome. A team of skilled lawyers and law professionals is an asset to businesses and will help them navigate the complexities of laws and comply effectively. More often than not, legal departments are stuck in a forced compromise. When businesses hire an in-house generalist, they won’t get specialized expertise. If businesses approach a law firm, they’ll pay law firm rates and sacrifice the in-house understanding. And if they go the low-cost agency route, they won’t get the caliber of talent they need.

Today there are a plenty of excellent law firms, but Axiom Law stands a class apart from the other firms due to its highly specialized unique solutions. Axiom Legal helps legal teams find the right talent for everything from daily in-house tasks to complex in-house and outside counsel work. Too often, legal departments are stuck in a forced compromise. If businesses hire an in-house generalist, they won’t get specialized expertise. If businesses go to a law firm, they’ll pay law firm rates and sacrifice the in-house understanding. And if they go the low-cost agency route, they won’t get the caliber of talent they need. Axiom Legal ensures that businesses find industry-specific top legal talent and connect with them directly. The legal practice areas dealt with by Axiom Legal range from:

Capital Markets
Commercial & Contract Law,
Corporate law,
Data Privacy & Cybersecurity,
Finance
Insurance
Intellectual Property
Labor & Employment
Legal Support
Litigation
Mergers & Acquisitions
Real Estate
Regulatory & Compliance

Resources of Axiom Legal are used by businesses to learn how to build and maintain an effective, efficient, and innovative legal team.

Here are Three Reasons why Axiom is the Smart Career Choice in a Recessionary Economy

Navigating a turbulent economy is nothing new to lawyers. From the Dot-Bomb recession in the early 2000s to the financial collapse of the Great Recession in the too-big-to-fail era, to the COVID chaos that preceded a relatively accelerated recovery, corporate lawyers have been there and done that. But now feels different. Economists are predicting the economy is heading into a bear market combined with unusual and additional economic stressors: geopolitical events in Russia and China, record-high inflation, continued supply chain disruption, etc. The economic variables at play in this recession aren’t only different; they’re intersecting with the Great Resignation, in which lawyers are rejecting the notion of returning to the pre-COVID status quo and rebuffing workplaces, practices, and remuneration that don’t align with their personal goals.

The Career Impact of the Looming Recession

Of course, these personal epiphanies will now come face to face with a recessionary economy, in which employers typically have the upper hand. In fact, the talent implications of a down-market in industries like big tech, manufacturing, and automotive where corporations are implementing hiring freezes or laying off employees to cut costs .Law firms, both big law firms and boutique, are beginning to show , as some begin to layoff significant percentages of staff. This, of course, spells trouble, as it’s commonly known; all know that legal risks only proliferate in a volatile marketplace .So, while the need for legal expertise has never been greater, the ability for big law firms to navigate inflationary costs amid a potential recession has experts concerned firms won’t be able to keep up with the corresponding rise in associate pay or appropriately staff their practices, at least not without passing along those premium prices to GCs.

The Real Question Is: How Does This Affect You?

You’re a corporate lawyer who wants to continue practicing challenging work with esteemed clients. You recognize that employers (be it organizations with legal departments or law firms) traditionally have the leverage in a down market, but you don’t want to lose the flexibility and balance the post-COVID environment afforded you. Additionally, you’re seeking more career autonomy, but want to ensure you still have stability and steady engagement.

Enter Axiom.

The 3 Reasons Why Axiom is the Right Career Choice in a Recessionary Economy

Axiom Law has a track record of resilience during recessions: Axiom has grown every year since it was founded more than two decades ago, including through previous recessions. That’s no accident. As companies look to cut costs without incurring risk, they’re increasingly turning to Axiom lawyers to get the experienced; high-caliber attorneys they need while also getting more value from every budgeted dollar.

The firm’s client’s pivot to flexible resourcing vs. fixed spending during uncertainty: When its clients face a volatile economic marketplace, the data indicates that the last thing they want to do is sink more money into permanent headcount. The in-house team is a fixed cost, so GCs ideally want to avoid staffing up for matters that turn out to be transient. Moreover, because it is difficult to anticipate future risk, especially in the current business environment, GCs are forced to hire for tomorrow’s needs based on yesterday’s issues, creating an inherent misalignment. Additionally, legal teams want to be cautious of where and how they spend their budget for outside counsel, so law firm rates are not economically feasible. The Axiom approach enables them to hire the right flexible lawyers for the right matters at the right price and for the right duration. It’s why its clients, including half of the Fortune 100, routinely turn to Axiom Legal for more cost-effective and commercially-minded support and counsel during periods of economic instability.

Axiom Law’s lawyers spend minimal waiting time between engagements: If you want to work, your cup will runneth over. Its lawyers’ utilization is nearing 90%, which means that the attorneys are working for as many hours (or as few) as they’d like to practice. Axiom lawyers spend minimal time waiting between engagements, making Axiom the safe career bet when a recession is looming. Data suggests that a recessionary economy will only accelerate this utilization. In addition, the average Axiom engagement length is now 11 months long, though most lawyers stay engaged with their clients for many more months and often years, longer. Lawyers who crave stability will find it a core part of Axiom’s business model.

David McVeigh, CEO