The chapter outlines Clio's future goals of revolutionizing the legal industry through cloud-based solutions to improve access to justice and client experience. It discusses the company's focus on streamlining processes with products like Clio for Clients and Clio Duo, utilizing generative AI to reduce friction for lawyers. The chapter also explores Clio's expansion into accounting software and e-filing, aiming to drive digital transformation and reduce friction in legal workflows for firms of all sizes.
As the law practice management company Clio today announced a record $900 million funding round, the largest ever for a cloud legal technology company, at a whopping $3 billion valuation, Clio’s founder and CEO Jack Newton joins LawNext for an exclusive podcast interview.
In a conversation recorded last week, ahead of today’s announcement, Newton and host Bob Ambrogi dive deep into this investment and what it means for Clio, its customers, and the legal industry. Newton founded the company 16 years ago and has overseen its growth into a global legal tech powerhouse, with more than 1,100 employees worldwide.
“My ambition was always to build this into something that would be a multi-decade company, a hundred-plus year company, and a company that would leave a lasting impact on the legal industry, and a company that would transform the legal industry in a really positive way,” Newton says in the interview. “And what I see this investment round as being is, number one, a huge validation of the success Clio has had in driving that transformation, but more importantly, positioning us to even have a more transformative and more impactful next chapter to our story.”
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