Clio acquires fellow Canadian legaltech firm Jurisage

Burnaby, BC-based Clio announced today it has acquired Toronto’s Jurisage . The news: Clio, which recently surpassed $500 million USD ($698 million CAD) in annual recurring revenue and boasts a $5-billion valuation , established itself selling software designed to help lawyers manage their practices more efficiently. Lately, the legaltech company has been pushing heavily into AI as it aims to help clients complete legal tasks from research to drafting documents.