Clio, a leading Canadian legal technology provider, has announced its acquisition of Miami-based legaltech vLex in a $1 billion cash and stock deal. The acquisition, expected to close later this year pending regulatory approvals, is driven by vLex’s advanced AI capabilities.
vLex, founded in Barcelona in 2000, has pioneered legal intelligence and AI-powered research, helping legal professionals access, analyze, and apply knowledge from legal documents. The platform combines the world’s largest legal and regulatory database with an AI-powered search engine and assistant named Vincent. With operations in Miami, London, and Barcelona, vLex serves over 2 million legal professionals worldwide in more than 110 countries.
“Together with Clio, we have a bold vision for the future that empowers legal professionals to go beyond traditional research and operational silos, harnessing deeper intelligence and broader impact,” said vLex’s co-founder and CEO, Lluís Faus. Clio CEO Jack Newton described the acquisition as a “watershed moment” for the legal profession, stating that it will revolutionize every aspect of legal work by bringing together the business and practice of law in a unified platform.
The acquisition will expand Clio’s global footprint and unlock “unprecedented agentic AI capabilities.” vLex’s database of primary case law allows Vincent to produce accurate citations free from “hallucinations.” The AI engine can autonomously carry out complex legal tasks once given a goal, with lawyers overseeing key steps.
This deal comes nearly a year after Clio raised a $900-million Series F at a $3 billion valuation, making it one of Canada’s highest-valued tech startups. vLex Global CFO Hugo Ruiz-Taboada noted that the acquisition represents “the promise of a new kind of tech hub — fast, global, and fiercely disruptive” for Miami.
