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Axiom names new Australian MD

Alternative legal services provider Axiom has appointed a new managing director and country head for its Australian operations.

user iconJerome Doraisamy • 18 June 2024 • Corporate Counsel
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Jacob Flax (pictured) has been appointed as the new managing director and country head of Axiom Australia. The move, the ALSP said in a statement, furthers its commitment to providing high-quality, flexible legal talent on demand to Australian in-house legal teams.

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Flax has come across from Gerson Lehrman Group (GLG) Australia, where he served as senior vice-president for that company’s Australian business operations. He has also held roles at BT Financial Group, Bloomberg LP, Deloitte Australia, Accenture, and PwC.

The appointment comes, Axiom espoused, at a time when GCs and in-house legal teams are facing significant operational and regulatory obstacles. It also follows Axiom’s acquisition of Plexus Engage nearly two years ago.

 
 

A series of recent regional GC surveys, conducted by Wakefield Research and commissioned by Axiom, have found that:

  • Nearly 90 per cent of regional GCs are concerned their legal department won’t be able to invest in the necessary talent and resources due to economic volatility in 2024.
  • Over 95 per cent said their legal departments don’t have the necessary legal resources in-house to do their jobs effectively.
  • More than 80 per cent said it’s difficult for their legal departments to hire the right legal talent to address their needs.
Speaking about the appointment, Axiom chief commercial officer David Pierce said: “Jacob brings a wealth of client partnership and leadership experience in Australia, across each of the unique Australian markets, and a genuine belief in the importance of world-class client service.

“He’s absolutely the right person to lead our business on the continent, and I’m thrilled to welcome him to the global Axiom leadership team.”

Pierce appeared on The Corporate Counsel Show earlier this year to discuss the myriad workload concerns for GCs.

Flax said: “General counsel and in-house legal teams are facing a unique set of challenges – from tightening budgets and fierce competition for legal talent to mounting regulatory complexity.”

The mandate is clear, he said: “They must achieve more with fewer resources, without sacrificing quality or results.

“Axiom’s mission is to deliver unparalleled value and innovation to in-house legal departments so they can optimise their resourcing and actually do more for less. Our track record of uniting top-tier legal talent with discerning clients means we can help legal leaders simplify their workflow management and navigate this unforgiving landscape.

“I’m eager to collaborate with our extraordinary clients and our exceptional team to help GCs achieve more for less across the region.”

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