Clio, the Vancouver-based global leader in legal technology, has completed its acquisition of vLex for US$1 billion (approximately C$1.37 billion at the time), marking the largest transaction in Clio’s history and a milestone in legal tech. The deal, finalized in November 2025, brings together Clio’s legal operating system—used by over 200,000 legal professionals—with vLex’s advanced AI-powered research platform, including its flagship tool, Vincent. This integration aims to unify legal operations and research, creating an intelligent platform that streamlines firm management, research, and execution through AI-driven workflows.

The acquisition also accelerates Clio’s expansion into the enterprise market, following its earlier acquisition of ShareDo (now Clio Operate), and extends its reach to large law firms and corporate legal departments. By combining vLex’s editorially enriched database of over one billion legal documents with Clio’s platform, the company seeks to transform legal service delivery and connect the business and practice of law.

Alongside the acquisition, Clio closed a US$500 million (approximately C$685 million) Series G funding round led by New Enterprise Associates, valuing the company at US$5 billion (about C$6.85 billion), and secured a US$350 million (about C$480 million) debt facility led by Blackstone and Blue Owl Capital.

Goldman Sachs served as Clio’s exclusive financial advisor, with legal counsel from Osler, Hoskin & Harcourt LLP, Wilson Sonsini Goodrich & Rosati, and Gowling WLG. vLex was advised by J.P. Morgan and legal counsel A&O Shearman and Uría Menéndez.