In A Mega Deal, Clio Buys vLex for $1 Billion, Merging AI, Research and Practice Management — from lawnext.com by Bob Ambrogi
In a landmark deal that will undoubtedly reshape the legal tech landscape, law practice management company Clio has signed a definitive agreement to acquire the AI and legal research company vLex for $1 billion in cash and stock.
The companies say that the acquisition will “establish a new category of intelligent legal technology at the intersection of the business and practice of law, empowering legal professionals to seamlessly manage, research, and execute legal work within a unified system.”