<ul data-eligibleForWebStory="true"><li>Clio, a Canadian legal software company, has acquired vLex, a legal data intelligence platform, in a $1 billion cash-and-stock deal.</li><li>vLex, largely bootstrapped until purchased by Oakley Capital in 2022, is valued for its legal document database enhancing AI models for lawyers.</li><li>The acquisition allows Clio, known for law firm management tools, to step into the practice of law with access to vLex's AI capabilities.</li><li>Clio also announced reaching $300 million in annual recurring revenue (ARR) alongside the acquisition of vLex.</li></ul>

Legal software company Clio drops $1B on law data giant vLex

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