"This is a defining moment for Clio and for the legal industry, 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-plus experts in law, data and technology joining our team, we are combining the best minds and the best tools to build the world's most powerful legal intelligence platform, a platform that will define how legal work is done for generations to come,"
"Clio's legal operating system and vLex's Vincent AI will form the Intelligent Legal Work Platform, which will connect "the business and practice of law through AI that understands both the mechanics and substance of legal work," Clio says."
"Clio, a cloud-based practice management software company, also announced Monday that it is now valued at $5 billion after raising $500 million in a Series G funding round led by New Enterprise Associates and other partners. With the acquisition of vLex, Clio, which is also an advertiser with the ABA Journal, is also expanding its reach from small and midsize firms to the largest legal organizations, the company says."
Clio completed a $1 billion acquisition of vLex, integrating vLex's Vincent AI with Clio's legal operating system to create the Intelligent Legal Work Platform. The combined platform will connect practice management, research, drafting, and firm operations across the full lifecycle of legal work. Clio raised $500 million in a Series G round led by New Enterprise Associates, bringing company valuation to $5 billion. The acquisition adds more than 350 experts in law, data, and technology and expands Clio's target market from small and midsize firms to the largest legal organizations. Recent acquisitions include ShareDo and Lawyaw.
Read at ABA Journal
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