Varun Mehta, CEO, Factor Varun Mehta, CEO, Factor. Courtesy photo.

 

Last week, Axiom spinoff Axiom Managed Solutions announced it was rebranding as Factor, which alongside an increase in investment also signaled a relaunch of its alternative legal service work. Today, the company is continuing that restructuring with a new name at the helm: Varun Mehta.

Factor announced today that Mehta will be joining the company as CEO, guiding the legal services provider through its rebranding. Mehta is perhaps best known as a founding team member, executive vice president and CRO of Clutch Group, where he worked between 2008 and 2017. Following Clutch Group's combination with Morae Legal in 2017 to form Morae Global, he worked as president of the combined company through 2018.

Metha takes the helm at Factor as the company focuses its resources on helping legal clients with more complex work as opposed to commoditized tasks such as e-discovery.

"I think there's a very unique opportunity to think about how we take the best lessons from old law and the work that law firms do, the complexity, the art, and bring it to the masses," Metha told Legaltech News. "And that's what I think Factor is uniquely positioned to do, whether its re-papering agreements to meet regulator guidelines or helping customers negotiate contracts when they are buying or selling services."

Metha added he's excited to join Factor to "help bring some more technology to bear, [and] help think about how we grow the organization and bring it to more general counsels around the globe."

Aside from his role in Morae Global and Clutch Group, Mehta is also known as an advisor and investor in numerous legal and technology companies. Recently, he has been an operating advisor and investor in legal spend management company Bodhala, helping to lead its fundraising efforts and grow the company 600% in 24 months.

Asked about whether his relationship with Bodhala will be an asset in his position at Factor, Metha said he is "looking forward to building a partnership with Bodhala, [and] we're going to work on that eventually."

Factor currently stands at 500 employees, half of which are attorneys. The company has stated its desire to double in size following renewed capital from original investors Carrick Capital Partners and Benchmark Capital. Chris DeConti, head of strategy for the company, told The American Lawyer last week that Factor's scale and focus set it apart from other alternative providers, outsourcing operations and the Big Four's legal arms.

"Our average typical resource isn't a junior paralegal sitting far away in an offshore location, it's somebody with six years of experience, sitting in one of our centers, benefiting from technology-enabled process management," DeConti said. "That way we're bringing together the old world and the new."