Clio Acquires vLex / Fastcase for $1B

Clio Acquires vLex for $1 Billion and Closes $500M Series G at $5B Valuation

November 10, 2025

Cloud & SaaS

Clio completed its US$1 billion acquisition of legal research and AI provider vLex and concurrently closed a US$500 million Series G led by New Enterprise Associates at a US$5 billion valuation. The transaction includes a US$350 million debt facility led by Blackstone and funds managed by Blue Owl Capital, and Oakley Capital (vLex's majority owner) took equity in Clio as part of the deal.

Clio Acquires ShareDo to Expand Into Enterprise Legal Market

March 13, 2025

Cloud & SaaS

Clio has acquired ShareDo, a UK-based adaptive case and matter management platform, to accelerate its upmarket push into large law firms and expand internationally. The acquisition brings ShareDo's enterprise-grade technology and team into Clio’s platform, enabling expanded product capabilities and faster growth in priority markets including the United States and the UK.

Oakley Capital Origin Fund Invests in vLex

September 6, 2022

Cloud & SaaS

Oakley Capital Origin Fund has invested in vLex, a cloud-based global legal information and research platform founded by Lluis and Angel Faus. The investment will support vLex’s internationalisation, product development (AI-powered search) and buy-and-build strategy to build a cost-effective global leader in legal research.

Thomson Reuters Acquires Casetext

June 29, 2023

AI & Machine Learning

Thomson Reuters signed a definitive agreement to acquire Casetext, the San Francisco–based legal technology provider behind the AI legal assistant CoCounsel, for $650 million in cash. The deal, intended to accelerate Thomson Reuters’ generative AI roadmap and enhance its legal product suite, was expected to close in the second half of 2023 and is subject to customary regulatory approvals.

Baretz+Brunelle Acquires LexFusion

February 25, 2025

Consulting

Baretz+Brunelle, a New York–based growth advisory firm for the legal industry, has acquired LexFusion, a legal-innovation accelerator. The LexFusion founders and global team will integrate into Baretz+Brunelle to expand B+B's capabilities in legal technology, in-house counsel relationships, and marketplace intelligence.

Quantios Acquires Klea

October 7, 2024

Cloud & SaaS

Quantios, a global SaaS provider for Wealth, Trust and Corporate Services, has completed the acquisition of Klea, an AI-powered legal entity management (LEM) platform headquartered in Belgium. The acquisition combines Klea's LEM and collaboration capabilities with Quantios' existing SaaS suite to accelerate automation and digital transformation for corporate legal teams and multi-client service providers.