Category: News & Insight

Fulcrum GT Earns Recognition for Innovation and Accelerated Growth

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Fulcrum recently included in Fast Company’s annual list of the world’s most innovative companies of 2024 and the 2024 Inc. Regionals: Midwest list of the fastest-growing private companies in America

CHICAGO, Illinois – April 5, 2024 – Fulcrum GT, provider of the leading digital business platform for legal and professional services firms, is proud to share two recent public rankings recognizing the company for its achievements in innovation and growth. Fulcrum earned the standing of No. 7 in the Business Services category of the Fast Company 2024 Most Innovative Companies list and ranked No. 59 on the 2024 Inc. Regionals: Midwest list of fast-growing companies. 

“Fast Company and Inc. magazine are gold standards in ranking innovative and high-growth companies that are shaping the business landscape in the U.S., so to say we are proud of this recent recognition is an understatement,” says Fulcrum GT founder and CEO Ahmed Shaaban. “The entire team at Fulcrum works hard every day to create and deliver innovative solutions that support the evolving needs of our clients. Inclusion on these rankings is a testament to that effort and to the resulting growth we’ve achieved. Recognition for our success is very rewarding.” 

For its innovation in simplifying legal spend management, Fulcrum joins the ranks of Nvidia, YouTube, Taco Bell and more with its inclusion on the Fast Company 2024 Most Innovative Companies list, earning the standing of No. 7 in the Business Services category. In August 2023 Fulcrum released its RAPIDx platform which offers in-house legal teams a set of tools to assess risk and compliance, hire outside counsel, analyze pricing, manage invoicing and execute electronic billing. Companies use RAPIDx to identify suitable outside counsel based on a range of parameters (such as expertise, geography or size) and invite firms to bid on an assignment. The innovative platform is a game-changer for businesses that, between 2022 and 2023, saw an average 29% increase in legal spending. 

The World’s Most Innovative Companies list stands as Fast Company’s hallmark franchise and one of its most anticipated editorial efforts of the year. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations. These organizations are setting new standards and achieving remarkable milestones in all sectors of the economy. Alongside the World’s 50 Most Innovative Companies, Fast Company recognizes 606 organizations across 58 sectors and regions.

“Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year,” says Fast Company editor-in-chief Brendan Vaughan. “We saw extraordinary innovation across the board in 2023, but we also saw a handful of clear patterns: the growing footprint and impact of AI, the triumphant return of live events and great leaps forward in climate tech. We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future.”

Recognizing Fulcrum’s recent growth, Inc. magazine ranked the company No. 59 on its fourth annual Inc. 5000 Regionals: Midwest list, the most prestigious ranking of the fastest-growing private companies based in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest economy’s most dynamic segment – its independent small businesses. Fulcrum earned its rank with a two-year revenue growth from 2020 to 2022 of 197%, while other companies on the 2024 Inc. 5000 Regionals: Midwest list had an average growth rate of 134.06%. From 2021 to 2023, Fulcrum’s growth accelerated to 556%. 

By 2023, the 172 private companies included on the Inc. list had added 14,830 jobs and $24.5 billion to the region’s economy. Complete results of the Inc. 5000 Regionals: Midwest rankings, including company profiles, can be found at inc.com/Midwest which offers an interactive database that can be sorted by industry, metro area and other criteria.

“The honorees in our Inc. 5000 network are a who’s who of private companies. They’re energizing regional economies as they engineer the future of their industries. Learn who they are and what they do – they’ll be impacting things for a while,” says Eric Hagerman, special projects editor at Inc. Media.

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

vlabrosse@edgemarketinginc.com

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More about Fast Company and the World’s Most Innovative Companies List 

Fast Company’s editors and writers identified the companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early stage startups to some of the most valuable companies in the world. Fast Company’s Most Innovative Companies package is available online, as well as in app form via iTunes and on newsstands beginning March 26. The hashtag is #FCMostInnovative.

About Fast Company 

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation and design, engaging the most influential leaders, companies and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.

More about Inc. and the Inc. 5000 Regionals

Methodology

The 2024 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2020 and 2022. To qualify, companies must have been founded and generating revenue by March 31, 2020. They had to be U.S.-based, privately held, for-profit and independent – not subsidiaries or divisions of other companies – as of December 31, 2022. (Since then, several companies on the list have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2022 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

About Inc. Media

The world’s most trusted business media brand, Inc. offers entrepreneurs the knowledge, tools, connections and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.

The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

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

vlabrosse@edgemarketinginc.com

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.

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Media Contact

Vicki LaBrosse, Edge Marketing

651-552-7753

vlabrosse@edgemarketinginc.com

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.

Fulcrum GT Sponsoring Corporate Legal Day, Will Showcase Its Recently Announced RAPIDx™ at Upcoming ILTACON 2023

Conference attendees will hear from company leaders, see in-person demonstrations of Fulcrum’s innovative new platform representing the future of legal spend management and participate in exciting virtual reality experiences at ILTAMAX sponsor’s exhibit booth

CHICAGO, Illinois – August 17, 2023 – Fulcrum GT, the leading provider of digital business platforms for professional services firms from new business intake to e-billing to management reporting, announces its upcoming participation in ILTACON 2023, part of its continuing support of the International Legal Technology Association as a 2023 ILTAMAX sponsor. At its exhibit booth and throughout the event, the company will feature its newest solution, RAPIDx. 

Fulcrum GT co-founder and managing director Ahmed Shaaban will deliver a company update on Tuesday, August 22, at 2:00 p.m. as part of ILTA’s conference programming. In the session “Legal Tech’s New Frontier,” Shaaban will outline Fulcrum’s vision for its recently launched RAPIDx platform as part of the future of the legal landscape. He will share how firms are gaining a competitive edge using innovations that help them and their clients make data-driven business decisions. 

Attendees may visit Fulcrum staff at booth 907 to learn more about its full suite of solutions, including RAPIDx, and experience the latest in virtual reality with F-16 and Formula One simulators. In addition, the company is hosting a series of product demonstrations in its private demo room, Asia 5: 

Tuesday, August 22 

Billing Breakfast Briefing                        8:00 a.m. to 9:00 a.m. 
Epoch Time Management Demo            10:45 a.m. to 11:30 a.m. 
Upfront NBI & Conflicts Demo               11:45 a.m. to 12:30 p.m.
Snap Finance & Billing Demo                 12:45 p.m. to 1:30 p.m.
RAPIDx Demo                                       2:45 p.m. to 3:30 p.m.
Curo Pricing Demo                                3:45 p.m. to 4:30 p.m.

Wednesday, August 23 

Curo Pricing Demo                                10:00 a.m. to 10:45 a.m.
Salvo Billing Demo                                 11:00 a.m. to 11:45 a.m.
Time Management Tasting                    12:30 p.m. to 1:30 p.m. 
Epoch Time Management Demo                        12:45 p.m. to 1:30 p.m.
RAPIDx Demo                                       1:45 p.m. to 2:30 p.m. 
Snap Finance & Billing Demo                 2:45 p.m. to 3:30 p.m. 
Upfront NBI & Conflicts Demo               3:45 p.m. to 4:30 p.m.

Fulcrum GT is also a sponsor of “Corporate Legal Days,” a collaboration between ILTA and CLOC to host a program at ILTACON 2023 on August 22-23 in the Swan Resort, Orlando, Florida. The two-day event is focused on master class corporate legal professionals and key corporate legal business partners networking and exchanging information on the current and future challenge road map of technology and operational planning in the multiple disciplines of law department business operations and knowledge. 

ILTACON 2023, the premier educational and networking event for the legal sector, will be held at Walt Disney World Swan & Dolphin Hotels and Disney’s Yacht & Beach Club Resorts in Orlando, Florida, August 20-24. 

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 26 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

vlabrosse@edgemarketinginc.com

Fulcrum GT Revolutionizes Legal Service Delivery with the Much-anticipated RAPIDx™ Addition to Its Snap Direct Platform

RAPIDx Legal Supply Chain Revolution

Innovator’s newest cloud-based enterprise solution modernizes legal commerce, redefining the end-to-end legal spend management life cycle for law firms and their clients

CHICAGO, Illinois – August 16, 2023 – Fulcrum GT, provider of the leading digital business platform for legal and professional services firms, Snap Direct, announces the launch of its game-changing new platform addition: RAPIDx™. Snap Direct empowers clients in the cloud with smart solutions in new business intake, e-billing, master pricing, management reporting, HCM and more. Fulcrum’s newest solution further advances the business of law, better connecting law firms and their clients by 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. Fulcrum GT’s innovative solution enables law firms and their clients to transact business in a manner consistent with other modern enterprise verticals through the delivery of a standardized and transparent approach to managing legal matters from intake and selection right through to final payment.


“Just as Amazon Prime fundamentally changed the marketplace for consumer goods, RAPIDx is positioned as the catalyst that modernizes the entire landscape of legal service provision, from sourcing through delivery and payment,” says Dino Eliopulos, Fulcrum GT vice president, innovation and solutions. “Clients taking part in the RAPIDx Ramp program expect a significant impact on how their legal operations departments function and look forward to our continued development of this groundbreaking platform.”

“If you want to compete as a global law firm and run your business the way you want, there is only one choice to do that and serve your clients well; you must go with Fulcrum’s solution,” says Julian Lee, CFO, Eversheds Sutherland, who recently led his firm into successful live service on the Fulcrum platform’s legal tool set Snap Direct. “We know their platform will take us into the future over the next 10 years and beyond and allow us to change the way we manage both our business and our client relationships for the better. This platform is the next generation in the business of law.”

With its holistic approach to efficiently managing the procurement of legal services and the business of law, RAPIDx takes Snap to the next level and redefines the legal spend management life cycle for both law firms and their clients. The platform’s added component combines the ability of users to interact with their established providers and the seamless integration of Fulcrum GT’s premier tools to address every stage of the legal supply chain. From initial conflict risk management and pricing right through to transparent time management and e-billing, Fulcrum’s solution set offers a true end-to-end offering through selection, execution and payment.

RAPIDx is secure, scalable, process-based, sustainable and optimized to help firms move their business operations forward amid changing client needs. The platform offers in-depth analytics, allowing both law firms and clients to monitor and analyze sourcing activities, work in progress, invoicing and overall spend visibility. The high-level status dashboards provide valuable insights to drive informed decision-making and optimize legal operations.

“To support their ongoing digital transformations, corporate legal departments are changing their rules of engagement, such that most are no longer passive bill payers content to operate with limited interactions and visibility into their outside counsel data. Today’s law firms recognize they too must evolve as their clients become increasingly sophisticated. Fulcrum GT identified this trend and six years ago began collaborating with corporate legal departments and law firms to develop a platform to revolutionize the legal services market,” says Fulcrum GT managing director and co-founder Ahmed Shaaban. “We believe RAPIDx represents the future legal supply chain and the path to effortless efficiency. Early responses from our customers support that view, and we’re excited to bring this innovative new platform to the market.” 

Fulcrum GT introduced RAPIDx to select clients at the 2023 CLOC Global Institute in May, where it generated significant interest and resulted in demand among several blue-chip companies to be part of the RAPIDx Ramp program, vying to be the first to run on the RAPIDx platform. Ready-to-go connectivity and overwhelmingly positive user feedback prompted the company to expedite the platform’s formal launch and make it available for client utilization today. Fulcrum GT will next showcase RAPIDx at ILTACON 2023 in Orlando, Florida, August 20-24.

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 26 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 https://fulcrumgt.com/