Helping organizations achieve strategic, technical, and operational objectives by supplementing local expertise across technical and business support, technical development and operational management.
Helping organizations achieve strategic, technical, and operational objectives by supplementing local expertise across technical and business support, technical development and operational management.
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.
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.
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.
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.
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’sMost 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.
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
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.
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 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.
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
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.
Following three years of strong revenue growth and international expansion, Fulcrum GT joins the prestigious list for the first time, ranking in upper half of America’s 5000 fastest-growing private companies
CHICAGO, August 15, 2023 – Inc. revealed today that Fulcrum GT, provider of the leading digital business platform for legal and professional services firms, Snap Direct, ranks No. 2417 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The ranking is among companies in 32 different industry verticals and against significant competition across the most impressive private businesses in the U.S.
The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
“We are honored and thrilled to have achieved this remarkable milestone of making it onto the Inc. 5000 list. This recognition is a testament to the hard work and dedication of our team, the trust of our clients, and our commitment to driving innovation in the tech industry.” – Ahmed Shaaban, Managing Director and Co-Founder, Fulcrum GT
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
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 post 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.
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always,Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, slated for October 31 – November 2 in San Antonio, visithttp://conference.inc.com/.
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