The landmark deal marks the largest merger in legal tech history, creating a powerful AI-driven platform set to transform how law firms operate worldwide.
Vancouver, British Columbia, 11 November 2025 – Clio, the Vancouver-based legal technology company, has finalized its US$1 billion acquisition of vLex, a global legal research and intelligence provider. The company called the merger “a defining moment” for the legal industry and the largest transaction ever recorded in the legal technology sector.
Jack Newton, Clio’s founder and CEO, said the deal represents a major step toward transforming how legal work is done. “We founded Clio to transform the legal experience for all, and this milestone brings that mission to a new horizon,” he said in a press release.
With the acquisition complete, Clio has combined its suite of legal management tools, including Clio Work, Clio Manage, Clio Grow, and Clio Draft, with vLex’s Vincent AI. The result is the new Intelligent Legal Work Platform, which integrates legal research, document drafting, case management, and operations through AI-powered workflows.
This next-generation platform aims to connect all aspects of legal work — from practice management and research to business operations — while shifting the industry from a static system of record to a dynamic system of action powered by artificial intelligence.
“By bringing vLex into Clio, we’re uniting over 350 experts in law, data, and technology to build the world’s most powerful legal intelligence platform,” Newton said. “This will redefine how legal work is done for generations to come.”
Clio first introduced the Intelligent Legal Work Platform at its annual ClioCon conference last October. The company has since expanded its reach with the acquisition of ShareDo in March 2025, now rebranded as Clio Operate, which caters to large law firms and corporate legal departments.
With the integration of vLex and Clio Operate, the new Clio for Enterprise is designed to meet the complex needs of global legal teams. The Globe and Mail reported that the vLex deal has doubled Clio’s addressable market, placing it in direct competition with major players such as Thomson Reuters and LexisNexis.
Alongside the acquisition, Clio also announced the completion of its US$500 million Series G funding round, valuing the company at US$5 billion. The round was led by New Enterprise Associates (NEA), with participation from TCV, Goldman Sachs Asset Management, Sixth Street Growth, and JMI Equity.
“Clio continues to show the clarity, execution, and ambition that define enduring market leaders,” said Tony Florence, NEA co-CEO. “Its integration of AI is reshaping how work is done across the legal profession.”
The company also secured a US$350 million strategic debt facility led by Blackstone and Blue Owl Capital, providing additional flexibility for future expansion. “This financing supports transformational moves like the acquisition of vLex and gives us the agility to seize new opportunities,” said Clio CFO Curt Sigfstead.
Oakley Capital, the European private equity firm and majority shareholder of vLex, chose to take Clio stock as part of the deal, a move Newton called “an incredible vote of confidence” in Clio’s vision and the transformative power of AI in the legal industry.
Clio was represented by Osler, Hoskin & Harcourt LLP; Wilson Sonsini Goodrich & Rosati; Gowling WLG; and Pérez-Llorca. A&O Shearman served as legal counsel for vLex.
As Clio steps into its next chapter, the merger signals a major leap for the global legal tech industry, one where AI and data-driven intelligence are set to redefine how lawyers work, collaborate, and deliver value to clients.
