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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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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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