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Clio to acquire Spanish-American legaltech vLex for $1 billion USD

vLex offers an extensive legal and regulatory database alongside an AI-powered assistant. Burnaby, BC-based Clio has signed a definitive agreement for its most significant acquisition to date: Miami-based, Barcelona-founded legaltech company vLex for $1-billion USD ($1.37-billion CAD) in a cash-and-stock transaction. Newton told BetaKit earlier this year that Clio was in a good position to be “the acquirer of choice in legaltech.” Clio said the acquisition will expand its global footprint and un...

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