Factor, the managed services company thatspun off in 2019from alternative legal services provider Axiom, describes itself as providing “complex legal work at scale” for the corporate legal market it serves. But more recently, it has begun to position itself as falling within a new category of alternative legal services. It calls this new category “integrated law,” and describes it as bringing together the expertise of traditional law, the efficiency of new law, and the business alignment of in-house law.
On this episode of LawNext,Varun Mehta, CEO of Factor since 2020, joins host Bob Ambrogi to take a deeper dive into this concept of integrated law. They also discuss how the managed services market is evolving in the post-pandemic market, how the current labor market is impacting corporate legal departments and managed services providers, and how Factor is evolving in the face of these issues.
Mehta, a veteran of the legal tech industry, wasnamed Factor’s CEOin 2020, just before the global pandemic. Several months later, the companyreceived an investmentit characterized as one of the largest in the global legal solutions market. Earlier this year, the company appointedJonathan Pedersen, a former Skadden partner and co-general counsel of of investment banking at Credit Suisse, as executive vice president and global practice lead to oversee all of Factor’s engagements.
This is a return visit to LawNext for Mehta, who was previously on this podcastin February 2021.
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