Fintech PR
Axiom Marks First Full Year of Innovative Law Firm Practice, Now Offers Industry’s Broadest Array of Law Firm Services and Solutions
From secondments to full-service legal support across 12 practice areas, Axiom now serves more than 60% of the Fortune 100 with 95% client satisfaction
NEW YORK, Jan. 23, 2024 /PRNewswire/ — One year ago today, Axiom launched Axiom Advice & Counsel (AA&C), a modern law firm that leverages Axiom’s highly qualified, on-demand attorneys across 12 practice areas—all at a fraction of the rates charged by national law firms. The creation of AA&C, an Arizona law firm, extends Axiom’s 23-year history of legal services innovation, creating a new type of firm that can work with Axiom’s thousands of lawyers—many of whom are Am Law 100 alumni—and all who are unencumbered by billable hours requirements and the traditional partner pyramid.
AA&C has seen steady momentum during the past 12 months, hiring four partners and four additional team members. The firm has been engaged by clients of all types—from Fortune 50 enterprises to growing startups, for a wide range of use cases and matters ranging from interim general counsel services to privacy, litigation, M&A, and more. AA&C is a prime example of the impact Arizona’s pioneering Supreme Court decision1 is having on enabling alternative business structured (ABS) law firms.
“Axiom offers exactly the new paradigm the industry needs,” said James Turoff, Senior Vice President, General Counsel, and Secretary of The Hershey Company. “We greatly value the relationships we have with our traditional outside counsel, and they will always play a key role in our legal strategy, but Axiom’s innovative model—focused on value and flexible service delivery—is ideal for our everyday legal needs. With Axiom’s addition of AA&C to its portfolio, there’s now a single vendor who can provide the full spectrum of services that in-house legal departments need today: partner-level expertise at favorable rates, plus access to an ecosystem of thousands of vetted legal professionals.”
Axiom now provides the industry with the broadest range of high-quality legal talent across a spectrum of In-House Solutions and Law Firm Services, all of which help companies better manage their risk and the variability of work requirements to increase capacity and optimize their budgets:
In-House Solutions, Delivered by Axiom
- Top-quality talent drawn from Axiom’s global network of legal professionals with in-house and Am Law 200 experience. Only 3% (3 out of 100) of attorneys who apply are accepted through Axiom’s rigorous vetting process.
- Secondments to fill strategic, temporary talent needs, with talent available on full or part-time basis.
- Specialized advice from experienced, world-class lawyers who average 18 years of post-qualified experience (PQE). Clients can send work as needed and get on-demand availability of legal talent.
- Large projects that require teams of lawyers and coordination by an experienced leader.
Law Firm Services, Delivered by Axiom Advice & Counsel
- A law firm built to fit today’s in-house budgets, with rates 25% lower than national law firms, extending Axiom’s decades-long focus on unbeatable client value.
- Partner relationships with oversight and accountability.
- Managed teams providing quality outcomes, delivery management, and enhanced reporting.
- Scalability and affordability working with Axiom’s network of experienced lawyers, including many in-house counsel and Am Law 100 alumni.
- Fractional or full-time General Counsel services.
- Support across 12 practice areas, including litigation.
With more than 1,500 clients across North America, Europe, and Asia, Axiom today serves over 60% of the Fortune 100 with 95% client satisfaction. In fact, 90% of clients surveyed say Axiom lawyers are as good or better than their law firm lawyers.
“Our accelerating momentum is driven by our clients’ need for a new, value-based delivery model from their law firms and legal service providers,” said Catherine Kemnitz, Chief Strategy and Development Officer at Axiom. “It’s clear that clients are in pain. Big law rates keep going up, in-house budgets keep going down. Companies recognize that the old model, which focused on profits per partner supported by ever-increasing rates, is out of step with today’s business realities. Our clients need an agile legal services partner who can help them manage their risk and legal matters in a far more cost-effective way, and that’s exactly what we’ve built Axiom to do.”
Indeed, despite relatively flat demand, Big Law continues to drive sharp hikes in billing rates, according to analysts at Wells Fargo’s Legal Specialty Group. Law firm rates rose, on average, by 7.9% by the third quarter of 2023, the highest percentage rate uptick since the Great Recession 15 years ago.2 Meanwhile, workloads and regulatory complexity for enterprise, mid-sized, and small business in-house legal teams continued to rise while budgets shrank. Legal departments are under immense pressure to do more with less, with 70% reporting higher matter volumes, and 66% reporting their budgets are flat or declining.3
“You no longer have to do more with less,” said Kimberly Burke, General Counsel of Cerapedics Inc. “Companies today need to do more for less, and Axiom is heeding that call. They’ve become a true extension of our in-house team. They offer outstanding, experienced in-house attorneys who are skilled in the practice areas we need and able to speak the language of our business, and they’re far more cost-effective than the traditional big law firm. With their help, we’ve been able to undertake a large volume of strategic projects while meeting our budget goals this year.”
Today’s Axiom provides a simple, technology-enabled, AI-enhanced process to help companies of all sizes—with or without in-house counsel—quickly find the most efficient and effective way to meet their immediate or long-term legal needs.
“Axiom is uniquely positioned to help legal organizations thrive,” said David McVeigh, CEO of Axiom. “Our north star has always been to drive disruptive innovation, improve access to quality counsel, and spur value realization in law. Today, with the largest and most comprehensive portfolio of solutions and services in the market, we’re doing just that. We’re giving business and legal leaders a full array of in-house solutions and the industry’s first and only on-demand law firm that puts their business and budget first. We’ll continue to invest in the technologies, solutions and services, and quality talent that our clients need, as the industry continues to evolve.”
About Axiom Advice & Counsel
Located in Arizona, Axiom Advice & Counsel (AA&C) is setting a new standard for the modern law firm. From prioritizing clients and the lawyer experience, to finding the right legal talent for the right legal matter, AA&C’s approach to the law firm model provides clients with better value for every dollar spent on outside counsel. AA&C represents a diverse set of clients, ranging from growing mid-market businesses to global multinationals with large in-house teams. The firm focuses on corporate law including general counsel services, real estate, labor and employment, mergers and acquisitions, data privacy, intellectual property, and regulatory matters. For more information, please visit https://www.axiomadviceandcounsel.com.
About Axiom
Axiom is where high-caliber legal talent meets full-service law firm work. We invented the alternative legal services industry 23 years ago and now serve more than 1,500 legal departments globally, including 60% of the Fortune 100, with 95% client satisfaction. Axiom gives small, mid-market, and enterprise clients a single trusted provider who can deliver a full spectrum of legal solutions and services across more than a dozen practice areas and all major industries at rates up to 50% less than national law firms. To learn how Axiom can help your legal departments do more for less, visit www.axiomlaw.com
1 https://www.natlawreview.com/article/arizona-s-new-alternative-business-structures-law-alive-and-kickin
2 https://www.law.com/americanlawyer/2023/11/16/billing-rates-accelerated-again-big-law-will-likely-keep-foot-on-the-pedal
3 https://generalcounselnews.com/legal-departments-see-higher-matter-volumes-but-flat-or-declining-budgets-thomson-reuters-2023-legal-department-operations-index
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.
The winning opportunities are open to both attendees of TOKEN2049 and followers from afar. Through trading and offline events, participants stand to get free tickets, a share of the $80,000 prize pool in airdrops and coupons, and Bybit merchandise.
Event 1: TOKEN2049 Treasure Express
From now to Sep. 26, 2024, Bybit users may register for the event and complete tasks by depositing and trading assets to earn lucky draw tickets. The wheel of fortune will turn to one of the three prizes:
1. A pair of tickets to TOKEN2049;
2. A share of the airdrop prize pool valued at $50,000 featuring the hottest tokens, including DOGS, PEPE, SOL, XRP, TON and USDT; or
3. Up to 50 USDT in spot coupons.
Even more rewards await in referrals and social media giveaways. For details, visit: TOKEN2049 Treasure Express
Event 2: Share and Unlock
From now to Sep. 30, 2024, unleash your social media magic for a chance to win a 10 USDT spot trading coupon. Share a Bybit blog link and your thoughts on Bybit and Web3. Remember to tag @Bybit_Official and use the hashtag #UnlockWeb3Future and submit the form with us here: #UnlockWeb3Future at TOKEN2049 with Bybit
Event 3: Meet us offline at TOKEN2049
Spot our logo at TOKEN2049 and capture a photo at the Bybit booth (M50) to win Bybit merchandise. Remember to share to your social media channels and use the right hashtag. For details, visit: #UnlockWeb3Future at TOKEN2049 with Bybit
An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).
As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.
This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.
Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.
By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Fintech PR
Integrum ESG and CSRHub enable fund managers to monitor both long-term trends and short-term movements in ESG ratings for companies, across a 10-year time series
LONDON, Sept. 6, 2024 /PRNewswire/ — Integrum ESG, the leading alternative ESG data provider, has today announced the launch of their Consensus ESG Ratings module.
Just as investors monitor movements in consensus earnings estimates or credit ratings, investors now are aware of the demand for the ability to monitor long-term trends and short-term movements in consensus ESG ratings.
This new feature enables Integrum ESG’s asset manager clients to now see the consensus ESG score for any company, either as an absolute rating or a relative percentile ranking, across a 10-year time series.
These scores will indicate to any investor what the capital markets have ‘priced in’ for a company’s ESG performance, allowing users to quickly understand the market’s view on a company and easily conduct relative ESG analysis on the positions they hold within their Portfolio.
This regularly updated data is provided by CSRHub, the world’s leading provider of consensus ESG ratings. CSRHub has spent years aggregating and normalising a vast range of licensed sources – from large ESG ratings firms such as MSCI, ISS, S&P Global, and Sustainalytics to specialists such as CDP and Better World Companies.
Shai Hill, Founder and CEO of Integrum ESG, commented: “Many investors have told us they want a sense of ‘what is priced in’ in terms of a company’s ESG performance, so they can compare this to what anyone ESG ratings firm is saying. CSRHub is the only firm to have credibly achieved this, thanks to a model refined over years and a vast data lake – so we are delighted to be partnering with them.”
Bahar Gidwani, Co-Founder of CSRHub, added: “Investors need to fine tune their ESG-related investment strategies to improve their returns and better match the preferences of their clients. Combining CSRHub’s expert outside-in, consensus view of ESG with Integrum ESG’s detailed real-time data stream provides a strong solution for these needs.”
About Integrum ESG
Integrum ESG is the leading alternative ESG data and ratings platform for investors, blending human analysis and award-winning artificial intelligence models to capture, verify and display granular and relevant ESG data for analysis and assessment. Their Platform allows clients to dissect ESG scores, real-time sentiment, and more with a variety of unique-to-market features, empowering industry professionals and investors and giving them complete oversight of ESG risk across their portfolio.
For more information, visit www.integrumesg.com
About CSRHub
CSRHub offers the most comprehensive global set of Consensus ESG (Environmental, Social, and Governance) ratings, information, and tools. CSRHub’s business intelligence system measures the ESG business impact that drives corporate and investor sustainability decisions. Founded in 2007, CSRHub covers 56,545 public and private companies, and provides ESG performance scores on over 37,899 companies from 135 industries in 210 countries. Our Big Data platform uses algorithms to aggregate, normalize and weight ESG metrics from 957 sources to produce a strong consensus signal on corporate sustainability performance.
For more information, visit www.csrhub.com
Media Contact
Harish Karunalingam
Integrum ESG
[email protected]
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