Because the regulation observe administration firm Clio right now introduced a document $900 million funding spherical, the biggest ever for a cloud authorized know-how firm, at a whopping $3 billion valuation, Clio’s founder and CEO Jack Newton joins LawNext for an unique podcast interview.
In a dialog recorded final week, forward of right now’s announcement, Newton and host Bob Ambrogi dive deep into this funding and what it means for Clio, its clients, and the authorized trade. Newton based the corporate 16 years in the past and has overseen its progress into a world authorized tech powerhouse, with greater than 1,100 staff worldwide.
“My ambition was all the time to construct this into one thing that may be a multi-decade firm, a hundred-plus 12 months firm, and an organization that would go away an enduring affect on the authorized trade, and an organization that may remodel the authorized trade in a very optimistic manner,” Newton says within the interview. “And what I see this funding spherical as being is, primary, an enormous validation of the success Clio has had in driving that transformation, however extra importantly, positioning us to actually have a extra transformative and extra impactful subsequent chapter to our story.”
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