Axiom Announces Agreement with Johnson & Johnson Services, Inc. to Provide Contract Management Services Globally

NEW YORK–(BUSINESS WIRE)– Axiom,
a leading provider of technology-enabled legal and contracting services,
today announced a 5-year, managed contracting services agreement with
Johnson & Johnson Services, Inc. Under the terms of the agreement, Axiom
will provide a multi-shore contract management service supporting the
company’s global procurement contracting function.

The breadth and reach of this initiative is considerable – especially in
the life sciences sector. Axiom will support and standardize the
company’s global contracting function responsible for thousands of
procurement agreements in more than 10 different languages, across a
dozen contract types.

“We are pleased by what this deal represents for contracting in the life
sciences industry: the progression from an artisanal approach to a model
that applies standardization, automation and process,” said Al Giles,
Executive Vice President and Head of Commercial, Axiom. “That approach
not only creates a more efficient contracting function, but it also has
commercial benefits – shortening cycle times and better managing risk.”

Continued Giles, “This deal is significant, not only because it
represents a tipping point for a new approach to contracting in life
sciences, but because of its application to a global contracting model.”

Under the arrangement, an integrated Axiom team of negotiators and
subject matter experts will employ a unique approach to contracting to
more efficiently create, execute and negotiate procurement agreements.
In addition, an experienced team of Axiom attorneys will provide ‘white
glove service’ for more complex agreements.

While Axiom’s Chicago Center of Excellence will serve as a ‘front-door’
supporting in-time zone coverage for North America, the majority of the
team will operate from Axiom’s Center in Wroclaw, Poland. Since opening
in late 2014, the Wroclaw Center has seen dramatic growth, driven in
large part by new life sciences clients.

With this announcement, Johnson & Johnson Services, Inc. joins Axiom’s
growing life sciences portfolio. Axiom serves 22 of the top 25 global
pharmaceutical, biotech and medical device companies, including 9 of the
top 10.

About Axiom

Axiom, a recognized leader in the business of law, provides tech-enabled
legal, contracts, and compliance solutions for large enterprises.
Axiom’s solutions combine legal experience, technology, and data
analytics to deliver work in a way that dramatically reduces risk, cost
and cycle-time. The firm comprises 2,000 lawyers, professionals, process
engineers and technologists who serve over half the Fortune 100 across
15 regions and 3 centers of excellence globally. www.axiomlaw.com

Follow us on Twitter: @Axiom_Law

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