Clio

Clio

Legal practice management software provider

About Clio

Simplify's Rating
Why Clio is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Legal

Company Size

1,001-5,000

Company Stage

Series F

Total Funding

$1.3B

Headquarters

Burnaby, Canada

Founded

2008

Overview

Clio provides legal practice management software that helps law firms operate more efficiently. Its two main products, Clio Grow and Clio Manage, serve different purposes: Clio Grow enhances the client intake process and engagement, while Clio Manage organizes tasks, manages cases, handles documents, and processes payments within a single platform. This software is available to a variety of clients, from solo practitioners to large law firms, and operates on a subscription model where users pay monthly or annually for access. Clio stands out from competitors by offering a comprehensive suite of tools that not only streamline operations but also support the growth of legal practices by reducing administrative burdens.

Simplify Jobs

Simplify's Take

What believers are saying

  • Clio's $900M Series F round boosts AI capabilities and international expansion.
  • Acquisition of Sharedo allows Clio to serve larger law firms, expanding market reach.
  • Clio's innovation hub at UBC fosters legal tech advancements and collaborations.

What critics are saying

  • Emerging AI tools like DeepJudge may surpass Clio's current offerings.
  • Expansion to large law firms may dilute focus on small firm clientele.
  • Overextension risk from rapid AI investment and international market expansion.

What makes Clio unique

  • Clio offers a comprehensive suite for law firm management, including Clio Grow and Manage.
  • The company focuses on solo practitioners and small law firms, a niche market segment.
  • Clio's subscription model provides predictable revenue and aligns with client needs.

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Funding

Total Funding

$1315.8M

Above

Industry Average

Funded Over

7 Rounds

Series F funding comparison data is currently unavailable. We're working to provide this information soon!
Series F Funding Comparison
Coming Soon

Benefits

Company equity

401k

Parental leave options and stipend

Flexible paid time off

Stipend to support WFH

Various wellness benefitsand programs

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

0%
Legal Technology
Apr 1st, 2025
Legalweek 2025: Demos And Analysis Of Deepjudge, Vincent Ai, Thomson Reuters Cocounsel, Lexisnexis Protégé And More

By Neil CameronLegalWeek 2025 brought together some of the most innovative legal technology vendors, showcasing groundbreaking advancements in AI, automation, and data security.AdvertisementAs I wandered round I kept my eyes open for things that managed to grab my attention, here are some of those things.Legal Research & AnalysisDeepJudge were demonstrating their impressive AI-powered document search and analysis tools that can be used across a law firm’s entire corpus of data. Their context-aware NLP-driven technology facilitates untrained lawyers to retrieve and interpret complex case materials with a high degree of granularity and accuracy.AdvertisementI was particularly impressed with their NCLC AI Workflow development tool, which enables firms to produce complex AI applications based on a series of linked Workflow objects in a unique drag-and-drop environment.Orson Welles will have to rethink the famous speech from the top of the Ferris Wheel in The Third Man – the Swiss are now responsible for developing something much more exciting than the Cuckoo Clock.Alexi showed its AI-assisted legal research platform, providing speedy case law analysis and predictive insights. Others on the stand appeared impressed by its ability to streamline legal reasoning and produce relevant legal arguments.Wolters Kluwer continued to fly the European flag vying with the large US-based legal publishers with their multi-jurisdiction AI-based research system. The demonstration searches, however, were all pre-defined, and I was a bit disappointed that I wasn’t allowed to suggest my own searches.vLex Vincent AI Law demonstrated its AI-enhanced legal research and citation verification capabilities. I tried out a few different utilities; one was the analysis of a complaint which extracted and analysed a series of claims, proposed a defence to each claim as well as drafted a questionnaire of factual questions to ask the client about each claim.We then tried a standard 2nd Amendment query I’ve been using to compare different research tools – hoping that one day one of these AI research tools will criticise the Supreme Court’s various rulings – Heller (2008) and McDonald v. City of Chicago (2010) – which decided that the prefatory clause (“A well-regulated Militia, being necessary to the security of a free State”) does not in any way circumvent the operative clause (“the right of the people to keep and bear Arms, shall not be infringed”) against all common sense

BetaKit
Mar 13th, 2025
Clio Acquires Uk-Based Sharedo To Move Into Serving Large Law Firms

BC legaltech company says its largest acquisition accelerates roadmap by “five years or more.”

BetaKit
Feb 14th, 2025
Clio Donates $3 Million To Create New Innovation Hub At The University Of British Columbia

Space will serve as the formal Vancouver home of Creative Destruction Lab

EIN News
Jan 6th, 2025
Clio Raises $1.23B in 2024 Financing

BC tech companies raised $4.47 billion in 2024 across 53 financing deals over $5 million, with the top 10 deals totaling $3.34 billion. Clio led with a $1.23 billion Series-F round, marking the largest in BC tech history. Other notable deals include NanoVation Therapeutics' $815 million partnership and Blockstream's $292 million financing. The average financing round was $44.26 million, with 29 companies raising over $20 million each.

BetaKit
Dec 19th, 2024
Clio raises $900M, stays private.

Clio, a legaltech company based in Burnaby, BC, raised a record-breaking $900 million USD Series F round at a $3 billion USD pre-money valuation in 2024. This round surpassed 1Password's previous record and accounted for nearly half of Canada's Q3 2024 tech funding. Clio's decision to stay private reflects a trend of Canadian tech companies avoiding the public market due to investor pressure and market conditions. Many companies, like Nuvei, have gone private, with IPOs expected to pick up in 2025-2026.

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