#Cost Savings #legal services #Axiom

Axiom Achieves Over $100 Million in Cost Savings for Clients in 2024

In the realm of corporate legal services, Axiom has not only stood the test of time but has firmly established itself as a powerhouse. 2024 marked a monumental year for the company as it reported that its clients successfully avoided more than $100 million in legal costs. This achievement was realized by leveraging Axiom’s top-tier legal talent, providing a cost-effective alternative to traditional legal firms, often dubbed as 'Big Law'.

The Driving Force Behind Axiom's Success

The significant cost savings reported by Axiom stem from its innovative approach to legal services, which provides corporate clients greater flexibility in managing their legal needs. In a landscape where businesses are under constant pressure to optimize operational efficiencies, Axiom's strategic solutions have become invaluable. The company has seen unprecedented client acquisition rates, welcoming 748 new clients into its portfolio in the past year alone, including 11 Fortune 100 companies and a multitude of small to mid-sized enterprises (SMEs).

Axiom's CEO, David McVeigh, emphasized the company's commitment to delivering enhanced value through legal services tailored to contemporary challenges faced by corporate legal teams. He stated, "Our record-breaking revenue and engagement levels in 2024 demonstrate our expanding role as partners to our clients who are challenged with improving efficiency."

Client Retention and Satisfaction

Axiom boasts an impressive NPS (Net Promoter Score) that attests to its high client satisfaction levels, maintaining a reputation for providing legal talent that rivals or surpasses traditional law firms. More than 640 clients have continuously relied on Axiom for over five years, reflecting deep-seated trust in their services.

Clients now view Axiom as a comprehensive legal partner capable of addressing a wide spectrum of needs from secondments to AI-powered legal solutions. The diverse offerings ensure clients can seamlessly integrate Axiom’s services into their operations, streamlining tasks that traditionally required significant legal resources.

Expanding Axiom's Offerings

The year saw Axiom successfully broadening its array of talent solutions, which have become essential for corporate legal departments, especially in times of increased workloads and staff shortages. Their services now encompass areas such as specialized legal advice, recruitment solutions, large project management, and litigation services. This transformation has effectively positioned Axiom as a