Author: Anthony PArker

RLLB2024: Tranforming your legal supply chain into a competitive advantage

The legal services supply chain is too long, too complex and to costly. This inconvenient truth has reached a point where action is needed to redefine the legal supply chain as we know it. The evolving buying behaviors of LegalOps professionals are transforming the legal industry, demanding greater value, efficiency, and predictability. This panel will draw on other parallele markets that have ventured further on the supply chain journey. We will explore how LegalOps is driving innovation through strategic procurement and the adoption of subscription-based pricing models. We’ll discuss how LegalOps teams are shaping demand by advocating for better collaboration, technology integration, and process improvements. Additionally, the panel will delve into the creation of integrated ecosystems that leverage cutting-edge tools and data, and how these new commercial models—reminiscent of Alternative Legal Providers—are reshaping the legal services landscape. 

Moderator: Ahmed Shaaban, Managing Director and Founder, Fulcrum GT

Michael Caplan, COO, Lowenstein Sandler
Aisleigh McGann, Head of Global Law and Compliance Operations, AON
Toby Brown, CEO, DV8 Legal Strategies

Fulcrum GT Expands Partnership with Google Cloud to Accelerate Digital and AI Transformations in the Legal Industry

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Fulcrum GT, a leading provider of legal technology solutions, announced an expansion of its partnership with Google Cloud to enable legal organizations to accelerate their digital and AI transformations.

The partnership with Google Cloud will combine Fulcrum GT’s deep legal industry expertise and enterprise solutions with Google Cloud’s market-leading infrastructure, data analytics, and AI capabilities. Fulcrum’s leading industry solutions and Google Cloud’s technology offer transformative capabilities for legal organizations, providing the building blocks for modernizing data in combination with generative AI (GenAI). Furthermore, Fulcrum GT is collaborating with Google Cloud to help legal organizations apply this breakthrough technology, through industry-aligned use cases, to achieve their business goals.

“We are excited to partner further with Google Cloud to accelerate our clients’ adoption of  transformational and intelligent technologies,” said Drew Blazaitis, SVP Product & Strategy of Fulcrum GT. “Google Cloud’s expertise in cloud computing and AI, combined with Fulcrum GT’s deep industry knowledge, market-leading products, and technical proficiency, will enable us to provide a comprehensive portfolio of solutions. These solutions can span both the practice of law and the business of law, helping firms create a solid digital foundation to achieve their strategic digital business goals and deliver ideal outcomes for their clients.”

The application of advanced technologies and gen-AI is wide ranging and highly impactful. These innovations can be embedded in solutions to extract key contextual insights across vast amounts of client information and documents during the new business inception process.They also facilitate and analyze bids and strategies throughout a legal sourcing lifecycle. Fulcrum’s latest innovation RapidX, exemplifies this impact. RapidX is an end-to-end, source-to-pay marketplace that seamlessly aligns commercial processes within law departments and legal providers, offering a comprehensive commercial and operational platform.

Fulcrum GT’s partnership with Google Cloud is a significant step forward in the evolution of the legal industry. By combining their expertise and resources with Google Cloud’s technology, Fulcrum GT is well-positioned to help legal organizations achieve and enable their business strategies and deliver better value to their clients.

About Fulcrum GT

Fulcrum GT is the leading provider of secure, reliable business solutions designed for professional services firms, including legal, accounting and consulting firms. The Fulcrum Digital Business Platform simplifies and standardizes business operations to help firms run smoothly, efficiently and effectively. From first interaction through deployment of solutions and then through ongoing day-to-day operations after go-live, the company emphasizes a partnership approach to its client relationships, with solution experts remaining available long-term to provide support, advice and assistance. With more than 30 patented products, business processes and qualified Partner Packaged Solutions, Fulcrum GT is SAP’s designated preferred partner for law firms and other professional services organizations. For more information visit fulcrumgt.com. 

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Media Contact

Anthony Parker, Fulcrum GT

+44 7467 469042

aparker@fulcrumgt.com

The Future of Ethical Screening in Law Firms: Embracing Technology to Enhance Compliance and Efficiency

Introduction: Evolving Risk Management in Law Firms

The legal industry is undergoing a transformation as firms face increasingly complex regulatory frameworks, stringent client expectations, and sophisticated data security threats. As a result, law firms must implement effective strategies to manage sensitive information and avoid conflicts of interest. Ethical screens, which are used to prevent the flow of confidential information between different legal teams, have become an essential tool in this evolving landscape. However, as law firms grow and their operations span multiple jurisdictions, managing these ethical screens efficiently and in compliance with regulations becomes more challenging. The need for robust, adaptable systems to handle these requirements has never been more pressing.

Upfront Screens WhitepaperDownload

Fulcrum GT Introduces SCREENS to Reduce Law Firm Risks

Fulcrum GT, provider of the leading digital business platform for legal and professional services, announces the launch of the latest addition to its popular Upfront™ new business intake platform. SCREENS™ is now available as a software-as-a-service case management solution for coordinating client evaluation, legal conflicts management, and market research.

As part of the Fulcrum Upfront new business intake and conflicts management platform, SCREENS reduces risk by simplifying the creation and management of ethical walls, all tailored to the law firm’s needs. It effectively takes new business intake and conflict risk practices to the next level.

The tool allows users to create and manage ethical screens, supports automated notifications to inform users of screens, monitors the need for ongoing screens and integrates to secure the necessary downstream systems. SCREENS also includes a management dashboard that provides users with a view of the screens to which they are subject and for administrative personnel to view and manage all screens in place across the firm.

“Risk management remains a high priority across the legal spectrum for law firm leaders as well as corporate executives and general counsel, and we remain committed to evolving our offerings to ensure they meet the needs of our clients today and into the future,” says Fulcrum Associate Director of Risk Management Casey Beck. “Fulcrum Upfront customers have expressed enthusiasm about the add-on, citing its efficiency and flexibility in better managing ethical walls.”

The new SCREENS solution is part of Fulcrum’s Upfront intelligent workflows that simplify compliance with anti-money laundering and know your client standards as part of core new business intake and conflicts management. SCREENS allows users to create and maintain ethical screens and enforce those screens with downstream systems, integrating conflict search results and conflict reports as well as with third-party compliance systems.

SCREENS features a comprehensive dashboard of all screens and offers automatic updates to screens in place for specific cases and tools for monitoring and optimising their effectiveness. The solution facilitates memos, acknowledgments, and real-time analytics. Every action taken within SCREENS is fully auditable, ensuring complete transparency and accountability.

About Fulcrum GT

Fulcrum GT is the leading provider of secure, reliable business solutions designed for professional services firms, including legal, accounting, and consulting firms. The Fulcrum Digital Business Platform simplifies and standardises business operations to help firms run smoothly, efficiently, and effectively.

https://www.legalpracticeintelligence.com/blogs/technology-intelligence/fulcrum-gt-introduces-screens-to-reduce-law-firm-risks

Empowering your business: The Case for Cutting Edge Software Solutions

In today’s dynamic business environment, selecting the right software can significantly influence your operations, productivity, and ultimately, your profitability. Traditionally, many organizations favoured established market leaders, drawn to their long-standing presence and perceived reliability. However, there are compelling reasons to explore innovative software solutions such as Fulcrum GT’s Upfront™, particularly concerning implementation flexibility, support services, and customer-centricity.

Hinshaw-Article-1-Upfront_FinalDownload

Human Capital Management Can Be a Value Driver

Legal Management Magazine

The rise of the knowledge economy has placed a premium on human capital. As
technology continues to evolve, employees’ ability to learn, collaborate and solve
problems creatively becomes increasingly important. Law firms that can attract,
retain and develop top talent are better positioned to innovate, adapt and thrive in
an ever-changing marketplace.

legal-management-april-2024Download

Client Success: DLA Piper’s Digital Transformation with Simon Levine

Simon Levine, global co-CEO and international managing partner at DLAPiper, discusses how the firm partnered with Fulcrum GT and SAP to deliver its ambitious finance transformation project — driving operational efficiencies, improving client experience, and unleashing plenty of potential for the future. The interview underlines the power of partnership in complex change projects

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