More than a payout: what Axiom's plans to go public mean
The company's investors aren't the only ones waiting to find out what an IPO will mean for the legal services market.
February 21, 2019 at 03:59 PM
4 minute read
The original version of this story was published on The American Lawyer
If Axiom Global Inc completes its plan to become a publicly traded company, it would mean one thing for certain: the legal staffing company's longtime investors will finally get a payout. Beyond that, industry experts said competition among alternative legal services providers would remain largely unchanged by adding a publicly traded peer.
With Axiom declining to comment other than confirming its long-awaited IPO plans, legal industry watchers were left to speculate about what the company's decision to split into three businesses said about the market for those individual services: legal staffing, contract management and enterprise managed services.
The staffing business is what the company hopes to list publicly – in a deal that would likely provide an exit for investors who have been with Axiom since as early as 2005, as well as capital to pursue faster-paced growth.
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