Axiom acquires Plexus Engage
Global flexible resourcing firm Axiom has moved to expand its international reach by acquiring the legal talent division of an Australia-headquartered legal technology company, Plexus.
Axiom, a global flexible resourcing firm for in-house lawyers, which operates in North America, Europe and the Asia-Pacific region, has acquired Plexus Engage, a subsidiary of Australia-headquartered legal technology company Plexus, with over 80 “active and bench” lawyers.
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Terms of the deal are not being disclosed.
The acquisition advances Axiom’s long-term merger and acquisition and geographic expansion plans, the firm said in a statement, providing an entry into Australia and enhancing Axiom’s footprint in the APAC region while allowing Plexus to focus on scaling its legal operating system for in-house counsel.
“With an estimated $27 billion spent on legal services in Australia, annually, the transaction will position Axiom to drive transformation for clients and lawyers alike in yet another large legal marketplace,” it proclaimed.
Plexus Engage general manager Richard Kohinga will continue to lead the organisation as a wholly owned subsidiary of Axiom, operating as Axiom Global Australia.
Plexus chief executive Andrew Mellett said: “We are delighted to cement our almost decade-long relationship with Axiom. They have always been generous partners to us, and they are, unquestionably, the global leaders in this category.
“This acquisition will provide Engage’s clients and lawyers access to Axiom’s unparalleled global platform while allowing Plexus to focus on helping in-house lawyers do more for less and have a greater impact through our technology.”
Mr Kohinga added: “We have a growing bench of top-tier lawyers and an impressive pipeline of opportunities for them to support the changing needs of legal teams.
“When clients have a spike in workload or wish to optimise external legal spend, we can provide a vastly better value proposition than a traditional law firm. Axiom will provide us with the resources, technology, and expertise to further enhance the value we deliver to clients while providing unparalleled career opportunities for our lawyers.”