Ep 263: Live from #ClioCon: A Clio Power Trio: COO Ronnie Gurion, CFO Curt Sigfstead, and Board Member Mark Britton

Oct 21, 2024

Guest

Ronnie Gurion

Guest

Curt Sigfstead

Guest

Mark Britton

Ronnie Gurion, COO of Clio with a background at Uber, joins CFO Curt Sigfstead and board member Mark Britton, founder of Avvo. They discuss Clio’s record-breaking $900 million funding round and its implications for the legal tech industry. The trio dives into the rising interest from investors, industry consolidation, and the possibility of Clio going public. They highlight the transformative potential of legal tech, the challenges of scaling, and the importance of customer-centric innovation in navigating market demands.

Ask episode

Chapters

Transcript

Episode notes

Intro

00:00 • 2min

Clio's Impact on Legal Tech Growth

02:01 • 12min

The Evolution of Legal Tech: Consolidation and Innovation

13:41 • 3min

Private Equity's Influence on Legal Innovation

16:22 • 3min

Navigating Growth and Market Expansion

19:47 • 10min

Reflections on the Thriving Legal Industry

29:54 • 3min

This has been a significant year for the law practice management company Clio, which in July raised a record-setting $900 million financing round – the largest ever for a legal tech company, and which recently wrapped up its 12th annual Clio Cloud Conference, its largest ever with some 2,600 attendees in person in Austin, Texas, and almost as many attending virtually from all over the globe.

At the conference, LawNext host Bob Ambrogi sat down for a live interview with a “Clio power trio” of two of its top executives and a member of its board of directors. They talk about the implications of this raise and its impact on the law practice management landscape. Together for this interview are:

Ronnie Gurion, chief operating officer and former GM and global head of Uber for Business.
Curt Sigfstead, chief financial officer, responsible for Clio’s financial affairs, including finance, accounting, capital, treasury, taxation, and corporate development.
Mark Britton, an investor in Clio and member of its board of directors and investor and formerly the founder, chairman and CEO of Avvo.

They share their perspectives on the financing and the opportunities it presents. They also discuss why investors are showing greater interest in legal tech, consolidation within the legal tech industry, and the possibility of Clio going public.

Note that last week’s episode, also recorded live at the conference, featured Jack Newton, Clio’s founder and CEO.

Thank You To Our Sponsors

This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out.

Paradigm, home to the practice management platforms PracticePanther, Bill4Time, MerusCase and LollyLaw; the e-payments platform Headnote; and the legal accounting software TrustBooks.
Briefpoint, eliminating routine discovery response and request drafting tasks so you can focus on drafting what matters (or just make it home for dinner).

If you enjoy listening to LawNext, please leave us a review wherever you listen to podcasts.