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.

Clio also secured a $350 million debt facility led by Blackstone and Blue Owl Capital. The total financing package of $850 million positions the company for additional acquisitions and AI development.

Technology Integration

The acquisition unites Clio's legal operating system with vLex's database of over one billion documents across 110 jurisdictions. Vincent AI will integrate with Clio's existing products: Clio Work, Clio Manage, Clio Grow, and Clio Draft.

"This is a defining moment for Clio and for the legal industry," said Jack Newton, CEO and Founder of Clio. "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."

Enterprise Expansion

The vLex acquisition accelerates Clio's entry into the enterprise market. This follows Clio's March 2025 acquisition of ShareDo, now rebranded as Clio Operate, which targets large firms and corporate legal departments.

Clio Operate launched in the United Kingdom and is now available in the United States and other international markets. The new Clio for Enterprise division will serve global legal teams using both vLex's research capabilities and Clio Operate's workflow management.

Investor Confidence

"Clio continues to demonstrate the clarity, execution, and ambition that define enduring market leaders," said Tony Florence, Co-CEO at NEA. "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."

Oakley Capital, vLex's majority shareholder, accepted Clio stock as partial payment. Goldman Sachs advised Clio, while J.P. Morgan advised vLex on the transaction.

About Clio

Clio provides legal technology serving law firms in more than 130 countries. The platform is approved by over 100 bar associations and law societies worldwide. The company develops practice management software, client intake tools, and document automation for legal professionals.

About vLex

vLex is a legal intelligence provider offering AI-powered legal research through its Vincent AI assistant. The platform provides access to over one billion editorially enriched legal documents spanning 110 jurisdictions globally. vLex develops legal AI capabilities including research tools and document drafting assistance for legal professionals.

Learn more about vLex here -

vLex

vLex, Inc.