Clio Completes $1B vLex Acquisition

Clio has closed its $1 billion acquisition of vLex, the largest legal technology M&A deal ever, and raised $500 million in Series G funding.

Clio, a legal business operations platform, announced on November 10, 2025, that it completed the acquisition of AI-powered legal research provider vLex for $1 billion. The deal coincides with a $500 million Series G funding round led by New Enterprise Associates (NEA), valuing Clio at $5 billion. The transaction combines Clio's practice management software with vLex's legal intelligence database and Vincent AI assistant.

This acquisition creates what Clio calls the "Intelligent Legal Work Platform," connecting legal research with firm operations through AI. The deal brings 350 vLex employees specializing in law, data, and technology into Clio's organization. The combined platform aims to serve law firms of all sizes, from small practices to global enterprises.

Financial Details

The Series G round included participation from current investors TCV, Goldman Sachs Asset Management, Sixth Street Growth, and JMI Equity. Clio's valuation jumped from $3 billion in July 2024 to $5 billion, representing $2 billion growth in just over a year.