Axiom, one of the largest providers of legal services in the US market, is reorganizing its European business and, according to JUVE information, is laying off its German employees by the end of August. At the location in Switzerland, a small team will continue to look after existing customers. A total of around 20 employees work at the two German locations.
The fact that Axiom is now reducing its European presence to such an extent comes as a surprise: The company only started in Germany in 2017 with an ambitious growth strategy. In late 2019, private equity firm Permira invested in Axiom to help it expand. In addition, according to JUVE information, the European business should be profitable.
In a press release, Axiom only announced that it would reorganize its German and Swiss offices in the next few weeks. Customers are to be served by smaller local teams supported by larger teams in the UK and the USA. Daniel Biene, who headed the team in Switzerland and Germany for the past two years, is due to leave the company later this year, according to Axiom.
New offers from law firms are driving the market
In contrast, Centurion Plus, an international on-demand legal aid provider, recently started in Frankfurt and Berlin. The company is part of the Centurion Law Group, a legal conglomerate founded by well-known African corporate lawyer NJ Ayuk.
Other law firms are also expanding their offerings for alternative legal services: The service provider Vario, a subsidiary of Pinsent Masons, which specializes in the business with project lawyers, recruited new staff from Lawyers on Demand in Germany in June. At the same time, the company announced that it would close its two offices in Germany. Vario is on a growth course in Germany and had already taken over Xenion Legal, another provider for project lawyers, in December of last year.
The Bird & Bird consulting arm Baseline merged with Valoecon Management Consulting to form Oxygy a few months ago. In addition, at the end of 2019, Ashurst announced a cooperation with the world’s largest provider of alternative legal services, UnitedLex. (Helena Hauser)