Overview
- Clio signed a definitive cash-and-stock agreement to acquire Barcelona-based vLex from Oakley Capital for US$1 billion.
- The transaction, expected to close later in 2025, is Clio’s largest acquisition and its sixth deal since founding.
- vLex brings a global legal library of over one billion documents and the Vincent generative AI assistant for legal research.
- The combined platform will merge practice management and AI-powered research, positioning Clio against Thomson Reuters and LexisNexis.
- Clio operates profitably with US$300 million in annual recurring revenue and serves more than 200,000 legal professionals.