Permira has made an investment in Axiom, a legal talent provider. No financial terms were disclosed.
NEW YORK – October 1, 2019 – – Permira, the global private equity firm, and Axiom, the global leader in specialized on-demand legal talent, today announced that a company backed by the Permira funds has successfully completed a significant investment in Axiom.
The Permira funds’ investment will support Axiom as it pursues growth opportunities, driven by its clients’ increasing need for expert legal talent that is flexible, yet integrated with the enterprise. Areas of likely support include further investment in Axiom’s technology platform, which helps to identify, match and engage companies with talent; and continued expansion of Axiom’s sales force to better meet the needs of current and potential clients, particularly within the Fortune 500. Permira will also leverage its international footprint to support Axiom’s continued expansion, through investment and business development, in the U.S. and globally.
The Axiom management team, led by CEO Elena Donio, will continue to lead the company in their current roles.
Axiom, the global leader in specialized on-demand legal talent, is disrupting the way legal teams and lawyers work. Axiom enables clients to access over 2,000 talented lawyers through a curated platform and build more dynamic teams to drive better business outcomes. Axiom empowers lawyers across industries and practice areas to thrive while pursuing more of the work they love. The company is deeply committed to gender equality and diversity and prides itself on having one of the most diverse employee populations in the industry. Axiom works with over half of the Fortune 100 companies, and currently operates in North America, the U.K., Central Europe and Asia Pacific. www.axiomlaw.com.
Permira is a global investment firm. Founded in 1985, the firm advises funds with total committed capital of approximately US$47.4bn (€43bn) and makes long-term investments, including majority control investments as well as strategic minority investments, in companies with the objective of transforming their performance and driving sustainable growth. The Permira Funds have made over 250 private equity investments in five key sectors: Technology, Consumer, Financial Services, Industrial Tech and Services, and Healthcare. Permira employs over 250 people in 14 offices across North America, Europe, and Asia.