Clio acquires vLex for $1 billion, integrating legal management and research functions.

From Yahoo Finance.: 2025-07-01 05:47:00

Canadian legal software company Clio is set to acquire vLex, a Spain-based legal intelligence provider, for $1 billion in cash and stock. vLex, established in 2000, offers a global legal research platform powered by AI, serving clients in over 110 countries with tools like Vincent.

Vincent operates on vLex’s database of more than one billion legal documents, supporting cross-jurisdictional research, audio and video analysis, legal theory testing, and tailored workflows. Clio CEO Jack Newton sees the acquisition as a way to revolutionize legal work by combining business and practice in a unified platform.

The acquisition integrates vLex’s research platform with Clio’s system, used by over 200,000 legal professionals, to combine legal management and research functions. The deal, Clio’s largest to date, is expected to close later in 2025, subject to standard conditions and regulatory approvals.

vLex CEO Lluis Faus envisions a future where legal professionals can harness deeper intelligence and broader impact beyond traditional research and operational silos. Goldman Sachs served as Clio’s exclusive financial advisor for the acquisition, with legal counsel provided by Osler, Hoskin & Harcourt, Wilson Sonsini Goodrich & Rosati, and Gowling.

Read more: Clio to acquire legal intelligence provider vLex in $1bn deal