Lagerlof, LLP Makes America’s Fastest-Growing Private Companies List—the Inc. 5000
Pasadena law firm Lagerlof, LLP was listed as one of America’s fastest-growing private companies. Inc. magazine today revealed that Lagerlof, LLP is No. 617 on its annual Inc. 5000 list. This list is one of the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.
“We are thrilled to have been recognized as one of Inc. magazine’s fastest growing companies in America,” Joshua Driskell, Lagerlof, LLP’s Managing Partner, shared. “Our team has worked really hard to serve and support our clients and to be recognized for the result of our hard work is really exciting! This list has included some amazing companies, and to be ranked among them is a really big honor.”
Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Though Lagerlof, LLP went through significant changes in 2020 including a merge, moving locations, and the pandemic, they were able to position themselves in an adaptable technology-focused way. This allowed them to continue daily operations throughout the pandemic without interruptions for their clients or business.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
The complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000
MORE ABOUT INC. 5000
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 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 three decimal places.
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