Global Compliance Achieved for Investment Management Giant

Challenge

A leading investment management firm is overwhelmed with marketing review work. Trapped under a hiring freeze, and with work streaming in from around the globe, the understaffed legal team is running on fumes, and is forced to rely on inexperienced law firm secondees. They need more than a band-aid solution for this ongoing workstream.

Approach

Working alongside the global head of legal and compliance, Axiom installs a team of 6 lawyers, stationed strategically across 5 key offices, to provide consistent global coverage for teams in Asia, the US, and Europe. Each Axiom lawyer, the go-to contact for their geo, is adept with the Investment Advisers Act and has notable regulatory experience with the SEC or FINRA at a minimum. The team primarily supports marketing review, and they also assist with implementing changes to standard policies and disclosures as they relate to investor-facing materials.

Impact 

• Ensured strategic compliance and round-the-clock coverage via local lawyers stationed across 5 key offices around the globe.
• Circumvented hiring freeze and strict headcount requirements by relying on embedded Axiom lawyers.
• The cost of Axiom lawyers is billed back to each fund they support without detracting from central legal budget.