Barcelona-founded legal intelligence platform vLex has been acquired by Canadian LegalTech heavyweight Clio in a cash-and-stock transaction valued at €848 million.
vLex, known for its comprehensive legal libraries and AI-powered assistant Vincent, aims to reshape the legal industry with Clio through deeper intelligence and broader impact.
Clio, a leader in cloud-based legal practice management, will integrate vLex's research and AI capabilities into its platform in an effort to transform legal work operations and redefine the profession.
The acquisition signals a significant move in the LegalTech sector, positioning Clio to compete with established players like Thomson Reuters and LexisNexis, as both companies invest in AI and similar tools.