Outside Inside
ERISA Advisory

Client
World Leading Investment Bank
Axiom Attorney
- Brien Ward (Before Axiom: Pitney Bowes; Partner, McDermott, Will & Emery)

Problem
Client’s primary ERISA counsel was the partner of a DC-based law firm, but business demands required the client to explore a more cost-efficient solution, which would be integrated at the New York office, but deliver the same level of expert advice.

Solution
Axiom Attorney consolidated work that had originally gone to Client’s traditional law firm and served as the advisor for all HR needs relating to: employee benefits; plan document creation and amendments; all employee communications; advising on ERISA components of M&A transactions; negotiating the treatment of acquired company 401(k) plans; and structuring executive compensation.

Benefit
High quality advice: Axiom Attorney was as qualified/expert as previous law firm counsel.
Flexibility: As needs changed, Axiom Attorney’s engagement shifted from 4 days/week to 2 days/week to hourly support.
Cost savings: $40,000 per month (over 70% lower than previous law firm cost).