Vancouver’s Clio announced today it has signed a definitive agreement to acquire vLex, the legal intelligence pioneer behind Vincent, a groundbreaking AI platform built on the world’s largest global legal research database.
Valued at USD $1 billion in a combination of cash and stock, the acquisition marks the most significant transaction in Clio’s 17-year history.
“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.”
Clio’s legal operating system, trusted by more than 200,000 legal professionals, will be combined with vLex’s advanced legal intelligence capabilities to create what the company describes as a new category of intelligent legal technology. The integrated platform is designed to help legal professionals seamlessly manage, research, and execute legal work within a single system, setting the stage for a future powered by “agentic AI.”
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vLex’s AI, Vincent, is used by thousands of legal teams worldwide, including Am Law 100 firms, courts, and law societies. Known for its accuracy and cross-jurisdictional reasoning, Vincent delivers fast, in-depth insights across a proprietary global database of more than a billion editorially enriched legal documents. The technology also offers multimodal audio and video analysis, legal theory testing, and customizable workflows for a wide range of legal use cases.
The acquisition is expected to accelerate Clio’s mission of transforming the legal experience and broaden its footprint across the trillion-dollar global legal services market. “This acquisition expands the boundaries of what legal technology can achieve,” Newton said. “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.”
The transaction is expected to close later this year, pending customary closing conditions and regulatory approvals.
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