Vancouver’s Clio has finalized its US$1 billion acquisition of vLex, marking one of the largest transactions in legal technology history. The deal coincides with Clio’s US$500 million Series G round led by NEA, valuing the company at US$5 billion, alongside a US$350 million debt facility.
Together, they establish Clio as an AI-first leader uniting legal business and practice through its new Intelligent Legal Work Platform, integrating vLex’s global data and Vincent AI. “This is a defining moment for Clio and the legal industry,” said CEO Jack Newton. The milestone expands Clio’s reach into enterprise legal services worldwide.
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