Clio is a

legal technology Legal technology, also known as Legal Tech, refers to the use of technology and software to provide legal services and support the legal industry. Legal Tech companies are often startups founded with the purpose of disrupting the traditionally con ...

company headquartered in Burnaby, British Columbia. Clio offers law firms

cloud-based software Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is co ...

that handles various

law practice management Law practice management (LPM) is the management of a law practice. In the United States, law firms may be composed of a single attorney, of several attorneys, or of many attorneys, plus support staff such as paralegals/legal assistants, secretari ...

tasks including client intake, contact management, calendaring, document management, timekeeping, billing, and trust accounting.

History

Clio was established in 2007 by Jack Newton and Rian Gauvreau, who felt that the software commonly in use by law firms at the time was too expensive and difficult to use. When the company launched their software in 2008, it was the first cloud-based

practice management software Practice management software may refer to software used for the management of a professional office: *Law practice management software * Medical practice management software * Veterinary practice management software There are also practice mana ...

developed for law firms. In 2012, Clio's Series B raised $6 Million. At the time, this investment was the second-largest ever made in a British Columbia-based internet company. The company also made the first version of their Application Programming Interface available in 2012. In September 2013, Clio released a mobile application that provides access to the company's software from iOS devices. The release occurred at the company's first annual Cloud Conference, an event that has gained prominence in the legal technology industry. In 2014, Clio received a further $20 Million in Series C funding from

Bessemer Venture Partners Bessemer Venture Partners (Bessemer) is an American venture capital firm. The firm has over $19 billion under management and invests globally, with offices in San Francisco, Redwood City, New York City, Boston, Israel, India, and London. Besseme ...

, participated by its initial investor, German-based

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

firm

Acton Capital Partners Acton Capital (Acton Capital Partners) is an international venture capital fund, founded in Munich (Germany) and investing in tech-enabled startup companies in Europe and North America. History As one of the first venture capital funds in Europe ...

. Clio also announced the Android version of their mobile application, and a major product update. In October 2016, Clio published the first ''Legal Trends Report'', an annual publication that references aggregated metrics from the company's user base to analyze trends and benchmarks in law firm operations. On October 5, 2018, Clio announced that it had acquired client intake software provider Lexicata, and that the Lexicata product would be converted into a new product, called Clio Grow. By this time, Clio also supported 120 integrations with other legal software applications. One year later, in September 2019, Clio raised a $250M (USD) Series D from TCV, JMI Equity. On April 27, 2021, after several acquisitions in the

space, Clio was valued at $1.6B with announcement of $110M Series E funding round.

References

{{reflist Legal software Cloud computing providers Companies based in Burnaby Software companies established in 2008 Software companies of Canada Canadian companies established in 2008

History

See also

References