Keeping up with Clio
The legaltech unicorn, which announced its first practice-specific tool this week, is showing no signs of slowing down.
CEO Jack Newton. Photo: Clio on LinkedIn.
Clio, the Burnaby-based legaltech unicorn, has built a personal injury-specific solution into its cloud-based platform, Clio Manage. It’s the company’s first software customization built for a particular field of law. It also serves an unmet demand for personal injury lawyers to work seamlessly on a centralized cloud-based platform within larger, multi-practice firms, the company says. The unveiling was made at the Clio Cloud Conference, its annual event held this year in Nashville.
“For too long personal injury lawyers have compromised on what they need from their technology partners — resulting in complex workflows, poor efficiency, and substandard user experiences,” said Jack Newton, CEO and founder of Clio. “That all changes today with our new suite of features specifically designed for personal injury lawyers. I can’t wait to see the resulting impact of practices that are run more efficiently, profitably, and true to the client-centric approach that Clio is known for.”
“We’ve heard time and again from customers that having all functionality in one place makes a big difference to the overall efficiency of running a law firm,” said Hemant Kashyap, Clio’s CPO. “And we know this is especially true for firms with multiple practice areas. With practice-specific solutions in Clio Manage, multi-practice firms are able to centralize their client intake, firm reporting, payments infrastructure and more, utilizing the full extent of the Clio platform. This launch is as much about the operational efficiency of those firms as it is about maximizing settlement outcomes for their clients.”
Managing significant growth
The launch of Clio’s personal injury add-on comes on the heels of recent moves by the company to bolster its services. Launched in August 2023, Google’s Local Services Ads for Clio is an innovative legal marketing solution. Then, earlier in June, Clio announced its investment in EvenUp, a legaltech company leveraging technology and AI for personal injury cases. It was part of an investment portfolio that also contributed to Proof’s $7 million Series A funding round led by Blue Heron Capital and LegalTech Fund. That latter investment came by way of Clio Ventures. A $100,000 investment was also made by the company in Fidu as part of the most recent Launch//Code Developer Contest.
Zooming further out, these software updates and investments are just recent examples of Clio’s growth since reaching unicorn status in 2021. The company has acquired three others, hit the 10-year anniversary of its Clio Cloud Conference, and reached centaur status. This growth is also reflected in Clio’s team. The company has added over 250 staff since January 2022 and five global offices reopened in a unique work model.
“We aim to maximize the value of Clio for our customers, digging deeper into the nuances of their practice area and solving operational hurdles with a frictionless experience,” said Newton. “Delivering this important suite of features to personal injury lawyers is a keystone to our wider investment in this sector. We are committed to serving as the technology of choice to personal injury lawyers, ensuring we continue to meet their evolving needs.”
APRIL 29, 2021
The road to Unicorn Country is long and winding. There are jaw-dropping peaks and sweeping valleys. Sections where you could be in cruise control are paired with many white-knuckle S curves. For those that reach the destination, though, a moment of reflection and a reminder of where they’ve come is called for. …
SEPTEMBER 9, 2021
A Muse, as far as Encyclopedia Britannica is concerned, refers to a Greco-Roman group of mythical sister goddesses. After humble beginnings as the patron goddesses of poets, “their range was extended to include all the liberal arts and sciences.” One of the nine goddesses caught the eye of Jack Newton, the co-founde…
NOVEMBER 14, 2022
For many reasons, the past two years in Vancouver’s tech economy have been unprecedented. The evidence can be found in the number of stories Vancouver Tech Journal’s team found itself telling about newly born unicorns – companies valued at least $1 billion. Since December 2020, 13 B.C. businesses reached the valuation milestone – through private investment, acquisition, or initial public offering (IPO).