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3w ago

Clio to Acquire vLex for $1 Billion, Bolstering AI Legal Research

Expected to close later this year, the acquisition will integrate vLex’s billion-document legal archive with Clio’s AI capabilities.

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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.