Clio in its US$1-billion acquisition of vLex and US$500-million Series G investment round Clio in its US$1-billion acquisition of vLex and US$500-million Series G investment round

Osler advised Clio in its acquisition of vLex for US$1billion. This acquisition is the largest M&A transaction in the legal technology sector in history. Alongside this transaction, Clio announced a US $500-million Series G funding round at a US$5-billion valuation led by New Enterprise Associates and also included other current investors TCV, Goldman Sachs Asset Management, Sixth Street Growth and JMI Equity. Clio also completed a US$350-million debt facility led by Blackstone and funds managed by Blue Owl.

Clio, based in Burnaby, B.C., has revolutionized the landscape of legal technology, emerging as the undisputed global leader of innovation and integration in legal AI technology.

The firm’s team was led by Mark Longo and included Martin Smith, Ian Nelson, Eliot Escalona, Christina Brown, and Alexander Pescitelli (Emerging and High Growth Companies); Dov Begun, Taylor Cao, and Jennifer Horton (Tax); Martha Martindale and Matthew Li (Financial Services), Shuli Rodal (Competition, Trade and Foreign Investment); Sam Ip and Houtan Mashinchi (Technology); and Erika Romanow (Employment and Labour).