Axiom Completes Previously Announced Acquisition of the General Counsel Business of Cognition LLP

NEW YORK & TORONTO--()--Axiom, a recognized leader in the business of law and leading provider of technology-enabled legal and contracting services, today completed the previously announced plan to acquire the General Counsel business of Toronto-based innovative law firm Cognition LLP.

For Axiom, Cognition’s corporate business represents an economically and culturally attractive entry into the Canadian legal market. Toronto’s corporate base skews heavily toward Axiom’s strengths in the financial services, life sciences and technology industries, making it an ideal location for Axiom’s continued global expansion. With the completion of the acquisition, Axiom’s Canadian business will include a team of almost 50 lawyers and a client roster that includes 60 leading global corporations. Axiom’s plans call for it to double its Canadian legal team across the next three years.

As part of the deal, Cognition LLP separated into two distinct entities: Axiom Cognition, the General Counsel business serving corporate clients with in-house legal departments; and Caravel Law, a law firm serving small and medium sized enterprises without internal legal departments. Caravel Law will operate independent of Axiom.

The Toronto office is Axiom’s 6th international office, and 16th overall. Axiom’s global presence will introduce Cognition clients and lawyers to a broader respective lawyer and client base, allowing the firm to extend its mission on a more global scale. Indeed, the acquisition of Cognition’s General Counsel business, and Axiom’s resulting expansion into Toronto, represents a continued enlargement of the firm's global footprint. Axiom now comprises more than 1,500 lawyers, professionals, process engineers and technologists, serving over half the Fortune 100.

To learn more about Axiom Cognition, click here.

About Axiom

Axiom, a recognized leader in the business of law, provides tech-enabled legal, contracts, and compliance solutions for large enterprises. Axiom’s solutions combine legal experience, technology, and data analytics to deliver work in a way that dramatically reduces risk, cost and cycle-time. The firm comprises 1,500 lawyers, professionals, process engineers and technologists who serve over half the Fortune 100 across 16 offices and 5 centers of excellence globally. www.axiomlaw.com

Follow us on Twitter: @Axiom_Law

About Caravel Law

Building on 10 years of solid success as part of Cognition LLP, Caravel Law is an innovative legal solutions provider structured to deliver legal services exclusively to small and medium sized enterprises. At Caravel Law, we connect experienced, business savvy lawyers with organizations looking for dedicated, tech enabled and cost-efficient legal solutions. While the name may be new, the premise is the same: we focus on happy clients and happy lawyers. The kind of legal innovation that makes doing business so much more sensible.

Visit Caravel Law online at www.caravellaw.com and follow us on Twitter @caravellaw.

Contacts

For Axiom:
Carrie Kalish, 917-657-3155
carrie@gkcomms.com

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Release Summary

Axiom Completes Previously Announced Acquisition of the General Counsel Business of Cognition LLP