Overview
- Clio completed the US$1 billion purchase of vLex, uniting its practice-management system with vLex’s Vincent AI and global research corpus under an “Intelligent Legal Work Platform.”
- The company raised a US$500 million Series G at a US$5 billion valuation, led by NEA with participation from TCV, Goldman Sachs Asset Management, Sixth Street Growth and JMI Equity.
- A US$350 million debt facility from Blackstone and Blue Owl provides capacity for AI investment, product buildout and further acquisitions.
- vLex brings a library exceeding one billion legal documents across 110 jurisdictions plus an AI assistant that drafts, cites sources and flags issues with safeguards to reduce fabrication.
- Clio reports profitability around US$400 million in revenue and more than 400,000 users, while executives say the company is not rushing toward an IPO.