Factor, a managed services company that describes itself as a provider of “integrated law” to corporate legal departments, has acquired Theory and Principle, a legal technology design and development agency, in a move intended to advance Factor’s strategic shift toward developing and delivering AI-first legal services.
The acquisition, announced this morning, brings together…
Since starting my LawNext podcast in 2018, I have had the great fortune of sitting down almost every week for conversations with the “innovators and entrepreneurs who are driving what’s next in law.” While I enjoy each and every conversation, the numbers of listens reveal something about which topics and guests you, the listeners,…
Factor, the managed services company that spun off in 2019 from alternative legal services provider Axiom, describes itself as providing “complex legal work at scale” for the corporate legal market it serves. But more recently, it has begun to position itself as falling within a new category of alternative legal services. It calls this…
There is no denying that some law firms view alternative legal services providers such as Factor as competitors, particularly for corporate legal work.
But over the past year, Factor has demonstrated that it can have highly productive partnerships with law firms, as it did in a unique partnership with Allen & Overy to…
It was recently announced that Andrew Ballheimer, who retired last October as global managing partner at Magic Circle law firm Allen & Overy, one of the largest law firms in the world, has joined the board of directors of the managed services company Factor, which spun off in 2019 from the alternative legal services…
In a move that symbolizes the bridge between traditional law practice and new forms of legal services delivery, Andrew Ballheimer, who retired last year as global managing partner at Magic Circle firm Allen & Overy, has joined the board of directors of the alternative legal services provider Factor.
The news caps a year…
In January 2020, Axiom Managed Services, one of two companies spun off in 2019 from alternative legal services provider Axiom, rebranded as Factor, a move the company characterized as a relaunch, and named a new CEO, Varun Mehta, a veteran of the legal tech industry who…
The managed services company Factor, one of two companies that spun off last year from legal services company Axiom, said today that one of its original investors, the investment firm Carrick Capital Partners, will multiply its stake in the company to become its majority shareholder.
Although the amount of the investment has not been disclosed,…
Ed Sohn, a veteran managed services executive who last year joined EY Law when it acquired Pangea3 from Thomson Reuters, has now joined Factor, the managed services company that spun off last year from legal services company Axiom, where he will serve as its head of solutions.
After starting out as…
Just last week, I reported here about the name change of Axiom Managed Services, one of two companies spun off last year from alternative legal services provider Axiom. With its new name, Factor, and a “doubling down” by two long-term investors, the company characterized the move as a relaunch to position…
In what it is positioning as a relaunch of the company, Axiom Managed Solutions, one of two companies spun-off last year from alternative legal services provider Axiom, is changing its name to Factor and launching a new website at www.factor.law.
The company also said that two of the original investors in Axiom, Benchmark…
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