By Sharon Lewis and Reethu Ravi This article is the first of a four-part Tech’s Year in Review series reviewing developments across industries in 2020. This first installation discusses some industries spotlighted by the COVID-19 pandemic, namely edtech, logistics and supply chains, fintech, [...]
StructureFlow, a legal tech start-up helping lawyers and finance professionals quickly and easily visualise complex legal structures and transactions, announces two hires to its senior leadership team and continued expansion of its international operations and customer roster. The start-up is also currently participating in Allen & Overy’s ‘Fuse’ Incubator and Founders Factory’s 6-month FinTech accelerator programme as part of its growth strategy.
Founded by former corporate lawyer Tim Follett, StructureFlow is a cloud-based software that was developed to address the difficulties and inefficiencies he faced when trying to visualise complex legal structures and transactions using tools that were not up to the task. The start-up was formally launched earlier this year at a time when many firms were, and continue to be, heavily focused on finding new technologies that enable efficient collaborative working.
Global growth and expanding beyond the legal industry
StructureFlow opened its first international office outside of the UK in Singapore earlier this year and has been running successful pilots of its visualisation software with prestigious international law firms. In addition to the growing customer base in the UK – the company is expanding internationally and is excited to announce that it will be onboarding customers in India, Australia, the Netherlands, and Canada in the next month.
With the belief that accounting teams, investment banks, private equity firms and venture capital firms will also benefit from access to StructureFlow’s visual structuring tool, the start-up has begun venturing beyond its legal customer base working with a small number of asset management and private fund businesses. This includes M7 Real Estate, a leading specialist in pan-European, multi-tenanted commercial real estate investment and asset management operations.
“We decided to expand internationally despite the pandemic as there is a heightened need for new technologies to support global organisations who are restructuring business models to adapt to the ‘new normal’,” said Alex Baker, Head of Growth. “Our product helps law firms and other financial institutions to work securely whilst working from anywhere and our growing Singapore operations will allow us to better serve our customers in Asia Pacific.”
New hires join the senior leadership team
Jean-Paul de Jong joins StructureFlow as its Chief Technology Officer and Chief Security Officer along with Owen Oliver as its Head of Product.
With a background in enterprise software development, information security and a track record of many successful large-scale integrations, De Jong has held several prominent positions within regulated industries in both private and public sectors.
Oliver is a co-founder of Workshare Transact, the legal transaction management application that was acquired by Litera in 2019, having been previously a corporate lawyer with Fieldfisher.
Together, they bring decades of legal and technology leadership and expertise to expedite StructureFlow’s product development and will be instrumental in developing the software to meet the demands of the company’s broadening customer base.
Tim Follett, CEO of StructureFlow, commented on these developments, “The decision to further expand our presence across the legal and financial technology markets in Europe, Asia and North America is a logical step in our business growth strategy. The addition of Jean-Paul de Jong and Owen Oliver will bring first-class engineering, security and product expertise to our team, bolstering our ability to build and scale innovative enterprise products.”
Accelerator programmes to complement growth strategy
In a move to broaden its global presence and increase the impact of its product, StructureFlow has joined two reputable accelerator programmes this year. Following the company’s success as the inaugural winner of Slaughter and May’s Collaborate programme, StructureFlow has subsequently joined the fourth cohort of Fuse, Allen & Overy’s flagship legal tech incubator.
More recently, the team has partnered with Founders Factory, joining its FinTech accelerator programme giving StructureFlow unparalleled access to the programme’s corporate partners. The programme also includes mentorship supporting the company’s growth and impact of its product across the legal, financial services and other key sectors.
“Being accepted into two industry-acclaimed incubator and accelerator programmes is a crucial part of our expansion plans and will provide us with expert guidance to further develop our visualisation software. By utilising the expertise of industry experts, we expedite our plan of becoming a global platform for a range of organisations and stakeholders to visually engage with essential corporate information,” Follett added.
StructureFlow is an intelligent visual structuring tool for lawyers & finance professionals. Its mission is to help its users think, communicate and collaborate more visually, and therefore more efficiently about legal structures. Founded in 2017, StructureFlow is now being used by some of the world’s largest and most prestigious professional services firms and in-house teams.
To learn more about StructureFlow and demo their visual structuring tool, please visit https://www.structureflow.co/
Name: Bianca Huebner
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