We all know—from working with our many tens of 1000’s of shoppers who depend on Clio on a regular basis—that operating a legislation agency has by no means been simple, particularly with out entry to the precise software program. We began Clio with a imaginative and prescient to make operating a legislation agency a lot simpler, extra profitable for authorized professionals, and extra handy for shoppers.
It’s a imaginative and prescient that also holds true right this moment, and I’m excited to share the following step in that journey with you.
I’m proud to announce that Clio has raised $900M USD in Collection F funding, the biggest of its form for any cloud-based authorized expertise, worldwide. It’s additionally a outstanding reflection of the work we’ve completed in our 16 years to pioneer—and proceed to guide—the event of cloud-based authorized expertise. Most significantly, it’s all been in pursuit of our mission to remodel the authorized expertise for all.
With this funding, we’ve expanded our workforce of companions to incorporate the esteemed New Enterprise Associates (NEA), which led our newest funding spherical, in addition to new companions Goldman Sachs Asset Administration, Sixth Avenue Progress, CapitalG, and Tidemark, who be part of our present traders. Between them, these companies have been concerned in a few of the greatest, most enjoyable development tales throughout the previous 20 years—together with Fb, Netflix, Salesforce, Uber, Workday, Dropbox, AirBnB, and Spotify. Every of those corporations has had a transformative impact on their industries—and we plan to proceed to have simply as a lot of an impression in our work to empower authorized professionals to redefine success in their very own practices.
What does this imply for you?
This new funding marks a brand new stage of development for Clio that can make sure that we proceed main innovation and development in legaltech by means of our portfolio of merchandise. In different phrases, if you happen to’re a authorized skilled who makes use of Clio, you’ll proceed to see extra advantages from partnering with the world’s main authorized expertise supplier. We’ve already made nice strides within the previous 12 months to boost the options and capabilities inside Clio Handle, Clio Develop, Clio Draft, and Clio Funds—that is along with launching a devoted module for private damage practices, plus two of our greatest product releases with Clio File and Clio Accounting. This 12 months, we’re additionally introducing Clio Duo, our generative AI resolution that can help legal professionals with routine duties and supply insights into tips on how to run extra environment friendly practices.
Wanting ahead, this funding will help our imaginative and prescient for legaltech innovation and open thrilling new doorways for us.
I’m energized by this information, and I’m additionally grateful to those that’ve joined us in our mission. I’m extremely proud to say that Clio is accredited by over 100 bar associations and legislation societies, worldwide, together with all 50 US States. Clio’s App Listing additionally options over 250 integrations. And, we help numerous legislation college students by means of our work with authorized clinics concerned in our Clio’s Educational Entry Program (CAAP). That is along with the numerous Clio Channel Companions we work with to convey Clio to an ever-growing group of tech-forward legislation companies. To the entire many companions we work with, thanks in your ongoing companies and collaboration.
After all it goes with out saying that none of this could have been potential with out Workforce Clio. Thanks to each Clion on our roster, which stands right this moment at over 1,100 workers.
And eventually, an enormous thanks to our clients. We’re immensely pleased with the whole lot we’ve completed thus far. I wish to share my gratitude in your funding and belief in us as we proceed to ship the most effective that legaltech has to supply.
Should you’d prefer to study extra about our imaginative and prescient, legaltech, and innovation in your legislation agency—and to see our upcoming product bulletins firsthand—I invite you to hitch me in Austin, Texas, this October for the Clio Cloud Convention, the largest and most enjoyable occasion in authorized. Tickets to attend in individual and just about are nonetheless accessible, so get them when you can.
Within the meantime, keep tuned—we are able to’t wait to begin this thrilling subsequent chapter with you all.
We printed this weblog publish in July 2024. Final up to date: July 23, 2024.
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