November 22, 2024
Proxiio launched its services in the U.S. market on March 12th,
2024, with the aim of disrupting the alternative legal solution provider space.
The company is led by CEO Deepak Mishra, a trusted
leader with 30 years of global experience across diverse cultures, verticals,
and businesses. In his past, he served in a Fortune
50 company as business leader and was responsible for building a global
capability center for a Fortune 100 financial service corporation and captive startups
in telecom and global managed services, spearheading business transformation
using next generation cutting-edge technology innovation blended with cognitive
intelligence. In today’s blog, we got Deepak’s
perspective on what it means to him to be a disruptor in the legal space.
What is the core innovation Proxiio has introduced to the legal
industry, and how does it improve upon existing practices?
Proxiio has a new approach that differentiates the company
from other providers because we go up the value chain by being an extended arm
of a law firm or in-house legal department’s team, integrating with their core
values. We are effectively marrying human expertise with technological
innovations to bring real value to our clients.
Volatile pricing from alternate legal service providers in managed
services projects has long frustrated legal professionals and we heard this repeatedly
that the final bill for a project never matched the estimate from the beginning
of the project, making it difficult to forecast budgets. This problem has
serious implications for client satisfaction. At Proxiio, we’re solving that
problem by guaranteeing our pricing. We combine subject matter expertise and
technology to accurately scope and deliver on a project to make a win-win
situation for all.
Proxiio’s solutions are built on direct and open
relationships with clients, cutting-edge technology, an experienced team,
guaranteed pricing and tailor-made solutions that clients will truly feel is
like a breath of fresh air in their daily lives.
First of
all, Proxiio customizes its workflows to suit the specific
needs of each client, ensuring a tailored approach to every project.
Additionally, Proxiio actively incorporates automation technologies, including
AI, to further enhance efficiency and provide even greater value to clients.
We’ve seen legal solution providers that have been in the marketplace for
decades with legacy products and solutions, accumulating layers of outdated
technology, processes, and methodologies and hindering their ability to adapt
swiftly to the evolving needs of their clients. These intricate webs of legacy
systems and practices can impede innovation and hinder efficiency. As a result,
clients may find themselves grappling with outdated solutions that struggle to
keep pace with the dynamic demands of the modern legal landscape.
Proxiio offers a fresh perspective, unencumbered by the constraints of
legacy baggage. By leveraging the latest processes and technologies without the
need for transformation, Proxiio can deliver agile, tailored solutions that
meet the ever-changing needs of clients effectively and efficiently.
What challenges have you faced in introducing disruptive
practices to a traditionally conservative industry, and how have you overcome
them?
Change is difficult for everyone, and lawyers certainly have
a reputation for being distinctly resistant to change, whether it is disruptive
or not. A few things have helped Proxiio as we’ve introduced our services.
First, we have an exceptional team of full-time, qualified attorneys with
decades of experience in delivering legal solutions to law firms and in-house
legal departments at Fortune 500 corporations. They are truly committed to delivering
the right solutions the first time, every time. Second, we have world-class
infrastructure and security that follows international standards for
information security and quality assurance. Third, we’ve chosen some of the
best technologies available today to drive efficiency, quality, and predictability,
including Relativity One. Finally, offering our guaranteed predictable pricing is
so enticing to legal professionals because it is refreshing and unique.
How do you see your company's role evolving in the future
as the legal industry continues to change?
At Proxiio, we build our foundation on best and
next generation solutions in the current environment and
are future ready as of today. What we mean by that is that we have the
cutting-edge technology and processes today to bring immediate value to
clients. These processes and technologies not only serve existing requirements
but are also fully capable of scaling to future challenges we must help clients
solve. This also effectively means that when new legal challenges arise that we
don’t even know about today, Proxiio will be ready and at the forefront with their
legal and technical expertise to help our clients. Whether today or in the
future, our aim will always be to provide our clients an effective, efficient, transparent, and bespoke solutions.
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