'No One Really Knows How All This Is Going to Play Out': A Q&A with Axiom Executive VP David Pierce
Pierce, the San Francisco-based executive vice president and global head of commercial for alternative legal service provider Axiom, says that the "amount of work that is going to more traditional providers will probably shrink and most buyers will start to really think about whether the work streams are in the proper hands."
April 16, 2020 at 01:27 PM
6 minute read
The original version of this story was published on Corporate Counsel
The COVID-19 outbreak is forcing many in-house leaders to adapt and rethink their budgets, how their legal departments work and their relationships with outside counsel. At the same time, companies and law firms are enacting pay cuts and layoffs.
Alternative legal service providers such as Axiom, Atrium, Elevate and Integron, have been gaining ground on traditional law firms. But the repercussions of the coronavirus pandemic could fuel dramatic growth for the industry as companies seek flexibility and cost savings for outside legal work.
When legal industry observers look back on what's happening now, they'll likely see this time as an evolutionary "leap moment" for alternative legal service providers, according to David Pierce, executive vice president and global head of commercial for Axiom.
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