Clio today (10 November) announced it has completed its US$1bn acquisition of AI-powered legal intelligence provider vLex and raised a further $500m in funding, valuing the company at $5bn. Its Series F was in July 2024, when the company was valued at $3bn, meaning that its valuation has grown $2bn in just over a year, helped by the acquisition. The Series G was led by current investor New Enterprise Associates (NEA) and includes other current investors TCV, Goldman Sachs Asset Management, Sixth Street Growth, and JMI Equity.
“This is a defining moment for Clio and for the legal industry,” said Jack Newton, CEO and founder of Clio. “We founded Clio to transform the legal experience for all, and this milestone brings that mission to a new horizon. With vLex now part of Clio, and 350+ experts in law, data, and technology joining our team, we are combining the best minds and the best tools to build the worldʼs most powerful legal intelligence platform, a platform that will define how legal work is done for generations to come.”
The close of the vLex acquisition unites Clioʼs legal operating system with vLexʼs assistant Vincent AI and its comprehensive global legal databases. Together, they form the Intelligent Legal Work Platform, connecting the business and practice of law through AI.
By bringing practice management, research, drafting, and firm operations into connected AI-powered workflows, Clio says that it is transforming static information into intelligent systems that continuously learn, adapt, and deliver increasing value over time.
We’ll shortly bring you an interview with Newton to give you a behind-the-scenes take on this latest news from Clio.
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