Source: PR Newswire
Clio announced it has signed a definitive agreement to acquire vLex, legal intelligence combining cutting-edge AI with the world’s most comprehensive global legal research platform – the transaction is valued at US$1 billion. Together, these platforms establish a new category of intelligent legal technology at the intersection of the business and practice of law, empowering legal professionals to seamlessly manage, research, and execute legal work within a unified system.
“This is a watershed moment for Clio and the broader legal profession,” said Jack Newton, CEO and Founder of Clio. “For 17 years, we’ve built the foundational platform that enables law firms to operate at their highest potential. With vLex, we’re building on that foundation with technology that understands the substance of the law. By bringing together the business and practice of law in a unified platform, we’re revolutionizing every aspect of legal work. This sets the stage for a future powered by agentic AI, and marks the establishment of a new industry category—one that will empower legal professionals to serve clients with unprecedented insight and precision.”
“This signals the onset of a transformative era in the legal industry, unlike anything we’ve seen before,” said Lluís Faus, CEO and Co-Founder of vLex. “Together with Clio, we have a bold vision for the future that empowers legal professionals to go beyond traditional research and operational silos, harnessing deeper intelligence and broader impact. With the most comprehensive global legal library and firm insights, Clio and vLex are uniquely positioned to reshape the mechanics of legal work and redefine the trajectory of the profession.”
This is the most significant acquisition in Clio’s history, both in scale and strategic impact. Beyond strengthening the platform, it accelerates the company’s ability to deliver on its mission of transforming the legal experience for all. Building on Clio’s steady momentum upmarket, the acquisition further expands its global footprint and underscores the vast, untapped opportunity for innovation across the broader legal industry. Clio is now positioned not only to help legal professionals manage their firms, but to power the full delivery of legal services—extending its reach across the trillion-dollar global legal services market.
“This acquisition expands the boundaries of what legal technology can achieve,” continued Newton. “It unlocks new levels of intelligence and scale that directly advance our mission. We’re shaping a future where legal services are more insightful, connected, and accessible than ever before.”
Read the full article: https://www.prnewswire.com/news-releases/clio-signs-definitive-agreement-to-acquire-vlex-for-us1-billion-defining-a-new-era-for-ai-powered-legal-technology-302494312.html
