Much has been debated in recent months about the future direction of the legal market. With an increasing diversity of legal service delivery models, an appetite for multi-sourcing among buyers of legal services and pressure remaining on margins, what is the future for the traditional law firm?
Axiom, one such new model, has revealed for the first time this month that its UK revenue for the most recent financial year is £30m. As The Lawyer reports, this would place it firmly within the top 100 UK law firms by revenue.
The future has clearly arrived. Our research suggests that usage of document review services is set to increase by more than 40% over the next couple of years. Axiom is clearly tapping into the need for delivery model innovation, but will others follow?
This week Axiom has for the first time revealed its UK revenue, £30m, which places it firmly in the top half of The Lawyer’s UK 200. Traditional firms beware: Axiom is coming for you.