The addition of Sohn—a key figure in the legal managed services space—positions Factor to meet increasing demand for innovative, scalable legal solutions amid a global pandemic
NEW YORK, July 15, 2020 /PRNewswire/ -- Factor, the leader in next-generation solutions for complex legal work at scale, today announced Ed Sohn, an industry pioneer in the redesigned legal technology and managed services space, has joined the company as its head of solutions. He comes to Factor directly from EY Law, where he recently led its global law innovation and technology efforts. Sohn's unique experience includes practicing as a lawyer, pioneering the buildout of scaled legal delivery, and as a product manager, launching new technology and managed services. This array of experience combines into an unparalleled level of expertise anywhere in the industry.
Sohn's addition to the Factor leadership team signals a doubling down on its ambitions for growth as clients seek to address complex new legal challenges. As head of solutions, Sohn will focus on evolving Factor's existing client service offerings, designing and developing Factor's next generation of solutions, leveraging and bringing together the best of legal technology and charting a roadmap for Factor to advance its mission: enabling general counsel and executives at some of the largest companies in the world to deliver complex legal work at scale.
"We are thrilled to welcome Ed to Factor as we continue to assemble a top leadership team that embodies our culture as we aim to be the industry's leading New Law company," said Varun Mehta, CEO at Factor. "As large enterprises and legal departments navigate massive new burdens related to the COVID crisis—particularly in contracting—the need for meaningful innovation and advanced technology has never been greater and the stakes have never been higher. Ed is uniquely grounded in product management for the legal services and technology space, and he has the vision and passion to take our company and our clients to the next level."
During Sohn's tenure with EY Law, he served as managing director and global innovation and technology leader of the firm's law practice. He created and advanced EY Law's agenda for technology enablement and implementation, and he consulted directly with key clients on their legal transformation initiatives. Prior to joining EY Law, Sohn was a VP of product and partner management at Thomson Reuters Legal, where he managed product lifecycles for the company's Legal Managed Services (formerly Pangea3) business, including product definition and evaluation, requirements, roadmap, and maintenance. Sohn first joined Thomson Reuters/Pangea3 as a director/assistant VP of litigation solutions in New Delhi, India, scaling up and innovating in the earliest days of legal managed services. Sohn, who earned a J.D. from the University of Pennsylvania, started his career as a litigator at King & Spalding in Atlanta.
"I am very excited to be joining Factor, which is unique for its agility, decisiveness and close alignment with its clients' strategic business goals," said Sohn. "Factor maintains the entrepreneurship and inventiveness of a fast-growing startup while also possessing the trust of an elite client base over proven multi-year relationships. I am ready – and our clients are ready, and the market is ready – to help co-develop Factor's next generation of scaled, tech-enabled service offerings."
Sohn's hiring comes on the heels of the addition of John Dillon, former divisional CFO of global consulting firm Mercer, who was recently named CFO, and Accenture veteran and Axiom Managed Solutions alumna, Roxann Erxleben, who serves as Factor's COO. The company has rapidly expanded after its spinoff of AMS from Axiom in February 2019, AMS's relaunch as Factor in January 2020, and the naming of Varun Mehta as CEO in January.
Factor, formerly Axiom Managed Solutions, is the leader in next-generation solutions for complex legal work at scale, ranging from deadline-driven regulatory projects to long-term managed services. Factor combines the expert lawyers, market know-how and experience of traditional law with the process efficiency, smart legal technology, and data-driven project management of New Law to bridge a huge gap in the market. The company is comprised of more than 500 lawyers, legal specialists, technologists, and process consultants with offices in New York, Chicago, London, Belfast, and Poland. For more information, go to https://www.factor.law/ or LinkedIn.
Erin Harrison (U.S.)
Nick Jones (U.K.)