The Muscle Behind the Deal
Clio, already valued at $3 billion following a massive $900 million Series F round last year led by New Enterprise Associates, is no stranger to growth. The company’s software powers everything from practice management to document automation, with a workforce of over 1,100 employees spanning North America, EMEA, and the Asia-Pacific.
This move comes on the heels of another strategic maneuver — Clio’s participation in a £30 million ($40 million) funding round for Definely, a legal document software company based in London.
High Stakes and High Advisors
The legal heavyweights behind this landmark deal read like a who’s who of global law firms and financial institutions:
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Clio’s advisors: Osler Hoskin & Harcourt LLP, Wilson Sonsini Goodrich & Rosati PC, Gowling WLG, with Goldman Sachs as exclusive financial adviser.
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vLex’s advisors: Allen Overy Shearman Sterling and Uría Menéndez, with JPMorgan taking the helm as exclusive financial adviser.
A Legal Tech Watershed
This isn’t just another merger. It’s a declaration of war on outdated legal infrastructure. With AI increasingly central to every industry, Clio’s $1 billion bet is a moonshot — one aimed at redefining how the law is practiced, researched, and applied.
“For 17 years, we’ve built the foundation,” Newton declared. “Now, with vLex, we build the intelligence.”
In a world racing toward AI-powered everything, Clio’s move may just be the gavel strike that signals a new era in the courtroom and beyond.
