Bloomberg Law
Jan. 15, 2020, 11:01 AM

Axiom’s Managed Services Business Rebrands After Spinout

Roy Strom
Roy Strom

Axiom’s managed services business, which was spun out from the legal talent company in February as part of a broader corporate reorganization, has relaunched as “Factor” with backing from previous Axiom investors.

Factor mainly uses technology and process redesign to help clients conduct large-scale contract negotiation projects, often in the financial industry. It employs more than 500 lawyers, technologists, and process consultants.

Original backers of Axiom’s managed services arm, Benchmark Capital and Carrick Capital, are “doubling down” on their investment in the rebranded company and will remain long-term investors, according to Factor.

Chris DeConti, head of strategy at Factor, declined ...

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