Author: Anthony PArker
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.
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.
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.
Human Capital Management Can Be a Value Driver
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.
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
Fulcrum GT to Share Insights on Disrupters in Law and the Future of Legal Engagements at Legalweek New York 2024
Company is a finalist for three Legalweek Leaders in Tech Law Awards, will host multiple social events and is sponsoring two education sessions at premier industry event
CHICAGO, Illinois – January 16, 2024 – Fulcrum GT, provider of the leading digital business platform for legal and professional services firms with solutions spanning new business intake, practice management, e-billing and more, announces its participation in Legalweek New York 2024 being held January 29 to February 1 at the Hilton New York in Manhattan. As part of its investment, Fulcrum is sponsoring two conference education sessions, conducting meetings and product demonstrations in a private suite at the Hilton and hosting multiple client social and networking events while in New York.
Experts from Fulcrum GT are among the Legalweek conference faculty, participating in two key sessions as part of the future of law and the business of law tracks:
- Disruptors in Law: Impact of ALSPs, Tech Companies, and Other Non-Traditional Legal Service Providers on Law Firm Structures – Wednesday, January 31, at 3:30 p.m. EST
Panelists include:
- Josh Kreamer, Head of Legal Services, AstraZeneca
- Heidi Stenberg, Principal & Americas Legal Function Consulting Leader, EY Law, EY
- Jeff Ikejiri, Principal, KPMG
- Ahmed Shaaban, Managing Director & Founder, Fulcrum GT
- Aligning Technology, Pricing, and Compensation to Create the Sustainable Engagement of the Future – Thursday, February 1, at 12:45 p.m. EST
Panelists include:
- Rose Jones, Partner & Director of E-Discovery PM & Tech, King & Spalding
- Jonathan Ashtor, Partner, Paul, Weiss, Rifkind, Wharton & Garrison
- Jae Um, Founder & Executive Director, Six Parsecs
- Dino Eliopulos, VP Innovation & Solutions, Fulcrum GT
- Jessica Gichner, Chief Value and Solutions Officer, Pillsbury Winthrop Shaw Pittman
Fulcrum will host meetings in a private suite at the Hilton to showcase its latest product innovations that help lawyers and firms manage the business of law. The company’s Snap platform empowers clients in the cloud with smart solutions for new business intake, e-billing, matter pricing, management reporting, human capital management and more. Conference attendees can also sign up for demonstrations of Fulcrum’s RAPIDx™ solution which is redefining the way legal services are sourced, managed and transacted. RAPIDx provides a foundation for the future of legal spend management through a unique network of leading corporate legal departments and global legal service providers that eliminates intermediaries. The platform enables law firms and their clients to transact business like other modern enterprise verticals through the delivery of a standardized and transparent approach to managing legal matters. Legalweek attendees interested in learning more can contact Fulcrum to schedule a product demonstration.
In recognition of its innovative solutions that are transforming the business of law, Fulcrum GT is a finalist in three provider categories for the fourth annual Legalweek Leaders in Tech Law Awards. Fulcrum is recognized as a finalist for the 2024 awards in the following areas:
- Best Emerging Technology (Non-AI)
- Legal Operations
- Practice Management Innovation
Legalweek Leaders in Tech Law Awards finalists were selected from an extensive list of nominees and were evaluated by an external panel of judges to determine the winner of each category. Winners will be announced during an in-person awards ceremony on January 29, 2024, during the 2024 Legalweek conference in New York.
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
Vicki LaBrosse, Edge Marketing
651-552-7753
Fulcrum GT Named Finalist for Three 2024 Legalweek Leaders in Tech Law Awards
CHICAGO, Illinois – December 1, 2023 – Fulcrum GT, provider of the leading digital business platform for legal and professional services firms with solutions spanning new business intake to practice management to e-billing and more, is proud to announce it has been named a finalist in three provider categories for the fourth annual Legalweek Leaders in Tech Law Awards.
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Fulcrum GT Named Finalist for Three 2024 Legalweek Leaders in Tech Law Awards
Annual awards honor individuals and organizations for achievements in innovation in a range of categories across law firms, legal departments, and technology providers
CHICAGO, Illinois – December 1, 2023 – Fulcrum GT, provider of the leading digital business platform for legal and professional services firms with solutions spanning new business intake to practice management to e-billing and more, is proud to announce it has been named a finalist in three provider categories for the fourth annual Legalweek Leaders in Tech Law Awards. Fulcrum is recognized as a finalist for the 2024 awards in the following areas:
- Best Emerging Technology (Non-AI)
- Legal Operations
- Practice Management Innovation
Fulcrum’s Snap Direct empowers clients in the cloud with smart solutions for new business intake, e-billing, matter pricing, management reporting, human capital management, and more. In both the non-AI best-emerging technology and the legal operations award categories, Fulcrum is recognized for its innovative RAPIDx™ solution which is redefining the way legal services are sourced, managed, and transacted.
RAPIDx provides a foundation for the future of legal spend management through a unique network of leading corporate legal departments and global legal service providers that eliminate intermediaries. The platform enables law firms and their clients to transact business like other modern enterprise verticals through the delivery of a standardized and transparent approach to managing legal matters.
“From its first introduction, RAPIDx has generated significant interest among several blue-chip companies and prominent law firms, and early adopters continue to share overwhelmingly positive feedback. Users recognize the platform’s ability to modernize and fundamentally change the landscape of legal service provision, from sourcing through delivery and payment,” says Fulcrum GT founder and CEO Ahmed Shaaban. “RAPIDx represents the future legal supply chain and the path to effortless efficiency. I am exceptionally proud of the work our team has done to bring this innovative solution to market this year.”
Legalweek Leaders in Tech Law Awards finalists were selected from an extensive list of nominees and are now being evaluated by an external panel of judges to determine the winner of each category. Winners will be announced during an in-person awards ceremony on January 29, 2024, during the 2024 Legalweek conference in New York.
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 the 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.
###
Media Contact
Vicki LaBrosse, Edge Marketing
651-552-7753
Client Success: DLA Piper and the Power of a Unified Platform
Simon Levine, global co-CEO and international managing partner at DLAPiper, discusses how the firm partnered with Fulcrum GT to deliver its ambitious finance transformation project — driving operational efficiencies, improving client experience, and unleashing plenty of potential for the future
Cloud Infrastructure and its Critical Role in Defining the Future Working Practices of South Africa’s Law Firms
Innovation and strategic adaptation are the cornerstones of success for the modern law firm. Client expectations, market demands, and the pursuit of operational excellence continue to shape our industry. As we stand at the threshold of a new era, it’s imperative to bridge the gap between innovation and operational efficiency, ensuring that our firms not only thrive, but lead, in this transformative landscape.