a law office
With Arizona State Approval, Legal Services Firm Axiom Opens ‘Reimagined Law Firm’ to Serve Clients Directly
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A subsidiary of legal services provider Axiom Global will be established as an Arizona law firm thanks to approval by the Arizona Supreme Court as an alternative business structure.
The new company will be called Axiom Advice & Counsel, according to a Jan. 23 press release and articles by Reuters and LawSites.
Axiom Advice & Counsel was authorized to operate after the Arizona Supreme Court repealed an ethics rule that prohibited non-attorneys from having a financial interest in a company. The intention is to improve access to justice and foster innovation.
Private equity firm Permira purchased a majority stake in Axiom Global in 2019. Axiom Global provides attorneys for its in-house legal department, but it is not a law firm and does not serve small businesses that do not have in-house legal counsel. , according to its application, would be an alternative business structure.
However, according to the filing, the new subsidiary will be able to provide direct legal advice to companies that do not have an in-house team. Katherine Chemnitz, Axiom’s chief strategy and development officer, said in an interview with Reuters that it will allow the company to take the “final step” of offering legal services directly to clients. The firm will initially focus on corporate law.
Axiom must go through an application process for approval as an alternative business structure and must adhere to a code of conduct.
Managing Partner of Axiom Advice & Counsel is Matthew Levine, former partner and co-founding member of Titus Brueckner & Levine, a commercial company in Scottsdale, Arizona.
In a press release, Mr. Chemnitz said that under Mr. Levine’s leadership, the firm would approach the legal practice with “unparalleled modernity.” The company plans to use data and technology to improve efficiency.
“AA&C’s reimagined law firm model provides a uniquely effective and efficient outcome for all costs spent on outside counsel,” said Kemnitz.
