Clio tops $500 million USD in ARR as AI reshapes the legal market

Burnaby, BC-based legaltech company Clio announced on Tuesday that it is now generating more than $500 million USD ($687 million CAD) in annual recurring revenue (ARR). This milestone comes six months after Clio shared it hit $400 million USD in ARR, alongside the close of its $500-million USD Series G and landmark acquisition of Spanish-American peer vLex. “Context is the most important word in AI product development right now.” Jack Newton, Clio Clio provides software to more than 400,000 lega