Clio Signs Definitive Agreement to Acquire vLex for US$1 Billion, Defining a New Era for AI-Powered Legal Technology
This combination further expands Clio's global footprint and unlocks unprecedented agentic AI capabilities, empowering legal professionals to intelligently execute every aspect of legal work
The landmark deal marks a turning point in the legal technology sector, uniting the industry's foremost legal research and operational platforms into a single, intelligent system
The transaction is valued at US$1 billion, to be paid in a combination of cash and stock
VANCOUVER, BC, June 30, 2025 /CNW/ - Clio, the world's leading provider of legal technology, today announced it has signed a definitive agreement to acquire vLex, a pioneer in legal intelligence that combines cutting-edge AI with the world's most comprehensive global legal research platform. The transaction is valued at US$1 billion and will be paid in a combination of cash and stock.
This transaction is both a major milestone in Clio's platform evolution and a turning point for the future of legal work. It combines Clio's legal operating system—trusted by more than 200,000 legal professionals—with vLex's cutting-edge legal intelligence platform, which includes Vincent, its groundbreaking AI, built on the industry's most comprehensive global legal database. Together, these platforms establish a new category of intelligent legal technology at the intersection of the business and practice of law, empowering legal professionals to seamlessly manage, research, and execute legal work within a unified system.
"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. This sets the stage for a future powered by agentic AI, and marks the establishment of a new industry category—one that will empower legal professionals to serve clients with unprecedented insight and precision."
vLex's industry-leading research and drafting AI, Vincent, is trusted by thousands of legal teams, including Am Law 100 firms, courts, and law societies around the world. Renowned for its accuracy and advanced cross-jurisdictional reasoning, Vincent has transformed legal AI, delivering faster, deeper insights across global matters. It's powered by vLex's proprietary global database of more than a billion editorially enriched legal documents—the most comprehensive global legal library in the world. With cutting-edge capabilities like multimodal audio and video analysis, legal theory testing, and customizable firm workflows, Vincent spans high-value use cases across legal work.
"This signals the onset of a transformative era in the legal industry, unlike anything we've seen before," said Lluís Faus, CEO and Co-Founder of vLex. "Together with Clio, we have a bold vision for the future that empowers legal professionals to go beyond traditional research and operational silos, harnessing deeper intelligence and broader impact. With the most comprehensive global legal library and firm insights, Clio and vLex are uniquely positioned to reshape the mechanics of legal work and redefine the trajectory of the profession."
This is the most significant acquisition in Clio's history, both in scale and strategic impact. Beyond strengthening the platform, it accelerates the company's ability to deliver on its mission of transforming the legal experience for all. Building on Clio's steady momentum upmarket, the acquisition further expands its global footprint and underscores the vast, untapped opportunity for innovation across the broader legal industry. Clio is now positioned not only to help legal professionals manage their firms, but to power the full delivery of legal services—extending its reach across the trillion-dollar global legal services market.
"This acquisition expands the boundaries of what legal technology can achieve," continued Newton. "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, subject to customary closing conditions and regulatory approvals.
Goldman Sachs acted as Clio's exclusive financial advisor. Law firms Osler, Hoskin & Harcourt LLP, Wilson Sonsini Goodrich & Rosati and Gowling WLG served as legal counsel to Clio.
J.P. Morgan acted as vLex's exclusive financial advisor. Law firms A&O Shearman and Uría Menéndez served as legal advisors to vLex.
About Clio
Since its inception in 2008, Clio has revolutionized the landscape of cloud-based and AI legal technology, emerging as the leader of innovation and integration. By offering advanced yet intuitive legal software, Clio has redefined efficiency and client service, setting the standard for legal professionals across the globe. With an unwavering commitment to groundbreaking innovation and customer success, Clio stands as the preeminent authority in legaltech, continuously pushing the boundaries of the sector's evolution. Explore the future of legal technology with Clio at www.clio.com.
About vLex
vLex, an Oakley Capital portfolio company, has pioneered legal intelligence and AI-powered research since its founding in Barcelona in 2000. By combining the world's most extensive legal database with cutting-edge AI, vLex has redefined how legal professionals access, analyze, and apply knowledge, setting new standards for precision and efficiency across the legal industry. With an unwavering commitment to innovation, and serving customers in over 110 countries, vLex is continuously advancing the boundaries of what's possible for lawyers. Discover the future of legal research and practice at www.vlex.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
25 minutes ago
- Cision Canada
Bossjob's Twin Engine Strategy Revolutionizes Talent Acquisition at Tokyo WebX Summit
TOKYO, Aug. 19, 2025 /CNW/ -- Bossjob, Asia's premier Web3 talent ecosystem, has confirmed its role as a GOLD partner at the Tokyo WebX Summit on August 25–26. As the only provider offering a comprehensive talent solution that combines an AI-driven recruitment platform with top-tier headhunting, it will debut its "dual-engine drive" strategy to the Asian market at this prestigious event. Bossjob will also announce its participation in Token2049, Asia's leading digital asset summit, taking place in Singapore this October. The Tokyo WebX Summit presents Bossjob with a unique opportunity to demonstrate how their dual-engine approach, combining AI technology and elite headhunting services, delivers a holistic solution for Web3 enterprises, from talent identification and precise matching to seamless onboarding. Engine One: AI Recruitment Platform Paving the Web3 Talent Expressway With a network comprising over 1000 Web3 companies, the platform serves as a self-reinforcing ecosystem, leveraging the following key advantages: Data-driven efficiency: The platform's AI system automatically captures on-chain developer activities (including GitHub, Dune, and smart contract engagements) for every job posting, continuously enriching its extensive talent pool of over 100,000 individuals and meticulously managing 87 key competency dimensions. Dynamic model optimization: To address the rapidly evolving skill requirements in the Web3 domain, such as sudden surges in demand for Move language expertise, the platform can swiftly recalibrate its job matching model within 72 hours, ensuring a consistent matching accuracy of over 92%. Engine Two: Elite Headhunting Overcoming High Barriers in the Talent War In just 16 months, Bossjob's headhunting division has placed top talent in 30+ leading Web3 projects with tailored solutions: Extensive intelligence network: Tapping into 200+ core developer Discord communities to precisely track target talents' activities and skills. Rapid talent delivery: Secured a Rust-proficient Security Audit Director with Japan's FSA compliance expertise for a top-3 global crypto exchange in just 7 days. Retention-focused approach: Offers anti-poaching measures and a unique compensation hedging model to protect against market volatility, ensuring long-term talent stability and company security. Andy, CEO of Bossjob in Web3, highlighted, "In just 16 months, our headhunting business has delivered efficiently by transforming our platform's talent pool of over 20,000 individuals into a dynamic 'live ammunition depot,' paving the way for future connections and empowering companies to dominate the Asian Web3 talent landscape."
Globe and Mail
25 minutes ago
- Globe and Mail
Stock Market Today: Tech Weakness Pulls S&P 500, Nasdaq Lower as Dow Holds Steady
U.S. stocks finished mixed on Tuesday as a sell-off in tech stocks weighed on the broader market. The S&P 500 (SNPINDEX: ^GSPC) fell 37.78 points, or 0.6%, to 6,411.37, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) tumbled 314.82 points, or 1.5%, to 21,314.95. Semiconductor shares led the decline as Nvidia (NASDAQ: NVDA) lost 3.5%, Advanced Micro Devices (NASDAQ: AMD) dropped 5.4%, and Broadcom (NASDAQ: AVGO) slipped 3.6%. Software maker Palantir (NASDAQ: PLTR) plunged more than 9%, making it the S&P 500's weakest performer. The Dow Jones Industrial Average (DJINDICES: ^DJI) bucked the trend, edging up 10.45 points, or 0.02%, to 44,922.27. Gains in financials and industrials offset pressure from technology, allowing the blue-chip benchmark to close slightly higher. The day's divergence across indices underscored investors' rotation toward value and dividend-paying stocks, even as markets brace for upcoming economic data and fresh commentary from the Federal Reserve later this week. Market data sourced from Google Finance and Yahoo! Finance on Tuesday, Aug. 19, 2025. Should you invest $1,000 in S&P 500 Index right now? Before you buy stock in S&P 500 Index, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and S&P 500 Index wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,466!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,633!* Now, it's worth noting Stock Advisor's total average return is 1,077% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Daily Stock News has no position in any of the stocks mentioned. This article was generated with GPT-4o, OpenAI's large-scale language generation model and has been reviewed by The Motley Fool's AI quality control systems. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, and Palantir Technologies. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.
The Province
2 hours ago
- The Province
For sale: A used U.S.-Canada border crossing goes on the auction block
An online auction for the property starts on Wednesday, Aug. 20 with an asking price of US$25,000 Former U.S Customs border entry facility in Madawaska, Maine on the Saint John River. Photo by U.S. Government Services Administration The U.S. government is selling a former border crossing facility in Madawaska, Maine, across from Edmunston, New Brunswick. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors An online auction for the property starts on Wednesday, Aug. 20. The asking price is US$25,000. Bidding for the old Port of Entry (POE) will increase in $1,000 increments, says the U.S. General Services Administration in a press release about the sale. (The GSA is the U.S. government's shared services arm, managing a real estate portfolio of over 360 million rentable square feet.) The site of the former U.S Customs border entry facility in Madawaska, Maine on the Saint John River. Photo by U.S. Government Services Administration The almost one-acre property is located along the Saint John River. The intention behind the sale seems to be for a buyer to simply convert it into a local business. While the commercial space listing has primarily been used as an office, the real estate ad suggests other potential purposes: m anufacturing, warehouse, storage facility, garage/shop. Essential reading for hockey fans who eat, sleep, Canucks, repeat. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'GSA is transforming an underutilized border facility into an opportunity for community and economic development,' said Public Buildings Service Regional Commissioner Glenn C. Rotondo in the release. The former U.S Customs border entry facility in Madawaska, Maine on the Saint John River. Photo by U.S. Government Services Administration The first floor of the building is 2,900 square feet. There is also a 2,900 square foot finished basement. The southern portion of the property is flat, paved and has a one-storey brick building with two canopies, a guard shack and shed for a generator. The northern half of the property is on a floodplain and can't be built upon. Instead, it consists of a steep, wooded slope leading from a retaining wall down approximately 50 feet to the water line of the Saint John River. The river surrounds the northern edge of the property. A paper mill with a rail line is situated on the other perimeters. This advertisement has not loaded yet, but your article continues below. The 1959 facility was closed last year when U.S. Customs and Border Protection ceased operations there and relocated to the new Madawaska POE and International Bridge. The new facility will include room for increases in traffic. The new facility, worth roughly $73 million, is also aiming to be include administrative offices and training space. Parts of the old bridge were saved by the town, according to Maine newspaper The County. A local artist pitched a plan to create a 20-foot sculpture of an Acadian star out of materials from the bridge to celebrate the Francophone cultural connection shared by the two countries, across the old bridge created. Acadians are descendants of French settlers who originally settled in Canada's Maritime Provinces in the 17th and 18th centuries. Aroostook County later became a hub of Acadian culture, with a large population still maintaining their heritage. The invitation for bids and additional information about the property can be found on the auction webpage. Only registered bidders will be allowed to inspect the property by appointment. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here. Local News NHL News Opinion News
