Real Estate Support Centralized for VC Firm's Portfolio Companies

Challenge

A small VC firm is facing a serious bandwidth crunch after losing their in-house real estate attorney. With entities spanning across four core industries, they need high-powered and ongoing real estate support for their eight portfolio companies

Approach

Axiom swiftly integrated a seasoned real estate attorney into the client’s central legal team. The Axiom attorney, available to support the entire client portfolio, partners with the business team to “churn and burn” renewals and terminations for 100+ office leases across the country. With such high lease volume, the Axiom attorney is relied upon not just for legal review, but for triaging business needs and finalizing the deals. In addition to the ongoing lease pipeline, she negotiates new construction contracts, handles disputes with landlords, and sends default letters when required.

Impact 

• Axiom attorney handled 8-10 lease renewals or closure letters in any given week.
• Axiom attorney’s in-house experience and practical business savvy fostered seamless partnership with the client’s business team, enabling them to push forward on time-sensitive matters without delay.
• Plugged a crucial real estate expertise gap for client after in-house attrition without bogging down the remainder of the legal team.