Clio announced it has completed its $1 billion acquisition of vLex, marking one of the most significant transactions in the history of legal technology. The announcement coincides with the close of Clio’s $500 million Series G funding round led by New Enterprise Associates, which values the company at $5 billion. Additional participation came from TCV, Goldman Sachs Asset Management, Sixth Street Growth, and JMI Equity. The transaction also includes a $350 million debt facility led by Blackstone and funds managed by Blue Owl Capital.
This acquisition and funding advance Clio’s development as an AI-first legal technology company. By joining vLex’s global legal research capabilities and database of more than one billion enriched documents with Clio’s operating system and AI-driven product suite, the company has created what it refers to as the Intelligent Legal Work Platform. This platform is designed to integrate the core business and practice functions of law firms, combining research, document drafting, matter management, and operational workflows into coordinated AI-enabled processes.
The Intelligent Legal Work Platform incorporates Vincent AI from vLex alongside Clio’s AI-powered products, including Clio Work, Clio Manage, Clio Grow, and Clio Draft. The result is positioned to provide legal professionals with more accurate and efficient workflows, informed by continuously adaptive intelligence that learns from firm activity and case context.
The vLex acquisition also accelerates Clio’s expansion into the enterprise legal market. This follows the company’s acquisition of ShareDo in March 2025, which has since been integrated into Clio Operate. Clio Operate provides workflow configurability, governance alignment, and data management capabilities designed for large firms and corporate legal departments. The integration of vLex and Clio Operate forms the foundation of Clio for Enterprise, a division focused on serving global legal organizations and large-scale legal operations.
Clio’s financing reflects support from both existing investors and new institutional lending partners. The equity portion of the transaction includes Oakley Capital, the majority shareholder in vLex before the acquisition, which has opted to take equity in Clio as part of the deal. The debt financing from Blackstone and Blue Owl Capital provides additional capital flexibility for further strategic investments and acquisitions.
Clio is positioned to expand its global reach, scale new product innovation, and continue developing legal AI capabilities for firms of all sizes. The company serves hundreds of thousands of legal professionals in more than 130 countries and maintains relationships with bar associations and law societies in jurisdictions worldwide.
Advisor/support: Financial advisory support for the acquisition included Goldman Sachs for Clio and J.P. Morgan for vLex. Legal counsel was provided by Osler, Hoskin & Harcourt, Wilson Sonsini Goodrich & Rosati, Gowling WLG, Pérez-Llorca, and A&O Shearman.
KEY QUOTES:
“This is a defining moment for Clio and for the legal industry. We founded Clio to transform the legal experience for all, and this milestone brings that mission to a new horizon. With vLex now part of Clio, and 350+ experts in law, data, and technology joining our team, we are combining the best minds and the best tools to build the world’s most powerful legal intelligence platform, a platform that will define how legal work is done for generations to come.”
Jack Newton, CEO and Founder of Clio
“Clio continues to demonstrate the clarity, execution, and ambition that define enduring market leaders. The company has built one of the most trusted platforms in legal technology, and its integration of AI is reshaping how work is done across the profession. We are proud to partner with Jack and his team through this exciting stage of growth and believe Clio’s vision and financial strength position it to lead this industry for decades to come.”
Tony Florence, Co-CEO at NEA
“The addition of financing partners like Blackstone and Blue Owl Capital reflects the strength and resilience of our business. This financing supports transformational moves like the acquisition of vLex and gives us the flexibility to act quickly on future opportunities that advance our mission and shape the future of legal technology.”
Curt Sigfstead, Chief Financial Officer of Clio
“Oakley’s decision to become a shareholder in Clio is an incredible vote of confidence. They share our belief in the transformative potential of AI in the legal industry and the scale of opportunity ahead. Their alignment with our vision reinforces the strategic importance of this combination and the global impact we can create together.”
Jack Newton, CEO and Founder of Clio
