Axiom expands its comprehensive suite of
solutions for in-house legal teams in the UK with the introduction
of recruitment solutions, dramatically reducing time to hire and
improving quality for top-calibre legal talent
LONDON, May 14, 2024 /PRNewswire/ -- Today Axiom, the
global leader in high-quality legal talent and cost-effective law
firm services, announced new permanent recruitment solutions
designed to help clients fill open legal positions with world-class
talent in a fraction of the time typically required. These new
solutions further extend the company's comprehensive suite of
services and were developed to meet growing demand from clients who
want to tap into Axiom's bench of top-rated lawyers to fill
permanent positions on their teams quickly and cost-effectively. A
full 90% of clients report Axiom's legal talent are as talented or
even better than their counterparts at traditional law firms.
"Our new recruitment solutions help our clients overcome
long-standing challenges in legal hiring, such as prolonged
timelines, uncertainty about fit, and difficulty in finding the
right talent," said Sara Morgan,
Chief Talent Officer for Legal Talent. "We have thousands of
world-class lawyers on our bench across 14 practice areas. We
believe we hire more legal talent than anyone else in the
world—including traditional recruiters—so we have unique expertise
in legal recruiting beyond corporate HR teams and executive search
firms. Our new recruitment solutions build on our longstanding
leadership in the legal talent marketplace with truly fantastic
talent, creating additional value and flexibility for in-house
teams."
Axiom's recruitment solutions give clients two easy
ways to rapidly find and hire permanent placements. Both solutions
capitalize on Axiom's expansive talent network, benefit from
Axiom's legal industry expertise, and help address unique
requirements associated with legal recruiting.
- Axiom's permanent placement solution offers
current clients direct permanent placements for open legal
roles for lawyers and legal operations. As an exciting value-add,
current clients can now use Axiom as their full-service legal
talent partner—for sourcing, recruiting, and vetting talent for
specific roles—ensuring access to top-tier talent for permanent
hiring. With Axiom's permanent placement solution, the client
already has the headcount approved, they already have the role
opened, they know exactly what they're looking for, and they want
to fill the role fast. We can find, submit, and supply high-quality
lawyers in just a few days or weeks—instead of the months it takes
traditional executive search firms and HR teams—by tapping our
global network of vetted professionals.
- Axiom's interim-to-perm solution gives clients the
ability to engage an Axiom lawyer on an interim basis, ensure
they're the right fit for the company, and then move them to a
full-time permanent position with ease. They can also use
interim-to-perm to mitigate existing budget constraints until they
have secured headcount approval, or even to test a need on a team
before requesting the necessary headcount and budget. Clients
engage Axiom talent with the intent to convert the lawyer to a
full-time position at the end of the initial contract period. This
gives clients the flexibility to accurately assess a lawyer's
performance and compatibility before committing to a permanent
placement.
The hiring challenge is real. Employers estimate the total cost
to hire a new employee can be three to four times the position's
salary, and that it costs a company six to nine months of an
employee's salary to replace them, according to a report by The
Society for Human Resources Management (SHRM). And when a bad hire
turns over, the total cost—including lost training, lost
productivity, and the time managers invest in supporting
HR-specific roles of the hiring process—is typically about 40% of
the individual's salary.1
Upping those costs: delays in hiring for professional roles
exacerbated by job market trends. Applications per job opening
across both business and technical roles have tripled since 2021,
overwhelming recruiters and extending an already painfully long
recruiting cycle.2 From January
2021 to January 2024, growth
in job applications that HR recruiters must plod through has grown
207% for business roles and 161% for technical
roles.3
Lastly, and perhaps most importantly, satisfaction with HR
services is inconsistent. It's swung wildly since 2014 from a low
industry average Net Promoter® Score (NPS) of 8 ("good") to a high
of 46 ("favourable"). But in that same 10 year period, not once has
it approached Axiom's current legal services industry-leading
talent NPS of 68, which lands Axiom at the high end of the
"excellent" category.4, 5
"Clients asked and we're answering with innovative solutions
they need today," said Leslie
Diorio, Vice President of Talent Recruiting at Axiom. "With
Axiom's recruitment solutions, clients don't have to endure the
long waits, countless interviews, and complexity of recruiting a
permanent hire, or worry about the downstream issues that can come
with hiring the wrong candidate. They can benefit from our deep
expertise in recruiting, vetting, and placing high-calibre lawyers
across 14 practice areas and every major industry to make hiring
faster and easier than ever. Today's Axiom is the legal
department's one-stop-shop for getting the outstanding talent they
need, when and where they need it, to achieve their goals."
Daniel Hayter, Vice President and
Managing Director of Axiom London, agrees: "Axiom is delighted to
bring recruitment solutions to our customers in the UK, which is
our second largest market outside of North America. In the UK's highly competitive
market, Axiom's recruitment solutions will help our clients source
the very best legal talent across 14 practice areas and every level
of experience they need. We look forward to helping our customers
achieve their legal hiring goals in 2024 and beyond."
For more information on Axiom, please visit our website, hear
from our experts on the Inside Axiom blog, and connect with us on
LinkedIn.
Related Axiom News
- Axiom Completes Over 250 Large Legal Projects, Expands Program
with Law Firm Services
- Axiom Achieves Industry-Leading Scores for Talent Quality
- Axiom Marks First Full Year of Innovative Law Firm Practice,
Now Offers Industry's Broadest Array of Law Firm Services and
Solutions
- Axiom Continues to Invest in C-Suite Leadership Team with
New CFO Appointment
- Axiom Earns Top Score in Human Rights Campaign Foundation's
2023-2024 Corporate Equality Index
About Axiom
Axiom is where high-calibre legal talent meets full-service law
firm work. We invented the alternative legal services industry 24
years ago and now serve more than 1,500 legal departments globally,
including 68% of the Fortune 100, with 95% client satisfaction.
Axiom gives small, mid-market, and enterprise clients a single
trusted provider who can deliver a full spectrum of legal solutions
and services across more than a dozen practice areas and all major
industries at rates up to 50% less than national law firms. To
learn how Axiom can help your legal departments do more for less,
visit axiomlaw.com.
Net Promoter® and NPS® are registered trademarks of Bain
& Company, Inc., Fred Reichheld
and Satmetrix Systems, Inc.
1
https://www.shrm.org/topics-tools/news/talent-acquisition/real-costs-recruitment
2
https://time.com/6287012/why-finding-job-is-difficult
3
https://www.ashbyhq.com/talent-trends-report/reports/2023-trends-report-applications-per-job
4
https://www.clearlyrated.com/solutions/blog/2023-nps-benchmarks-for-the-hr-services-industry
5
https://www.qualtrics.com/experience-management/customer/net-promoter-score
PDF -
https://mma.prnewswire.com/media/2411836/Axiom_Recruitment_Solutions_2024_UK.pdf
Photo
-https://mma.prnewswire.com/media/2411837/Daniel_Hayter.jpg
Logo -
https://mma.prnewswire.com/media/2324175/4703860/Axiom_logo_Logo_Logo.jpg
View original content to download
multimedia:https://www.prnewswire.co.uk/news-releases/axioms-new-permanent-recruitment-solutions-now-available-in-the-uk-302144123.html