![]() ![]() We look forward to collaborating with the team and working to accelerate the company's efforts to improve technology offerings to the legal industry," said Andrew Davis, Director of Private Investments at T. Clio has significant growth opportunities given the company's innovative product offerings and leading market position in the legaltech space. "We are excited to invest in Clio on behalf of our clients. The funding will also expedite Clio's plans to grow its workforce by 250 employees-an increase of 40 percent-in 2021, with a focus on bolstering its product and engineering teams to continue innovating and evolving its product offerings. To spearhead this new era of legal services, Clio will use the funding to further invest in its platform, strategic acquisitions, and partnerships aligned with the company's mission to transform the legal experience for all. ![]() Although these needs were brought on by the events of the past year, the move to digital-first law firms is a permanent one as consumer expectations and behaviours change. The legal industry is in the midst of a swift and massive transformation to cloud technology due to the need for law firms to find new ways to deliver services to clients. Rowe Price funds and accounts and OMERS Growth Equity will enable us to continue to create a more equitable and accessible legal system by making it easier for clients and law firms to work together through cloud-based technologies." "This investment is indicative of the explosive demand for legal technology that empowers lawyers to be cloud-based and client-centered," said Jack Newton, CEO and Founder of Clio. Clio will invest in its platform, acquisitions, and workforce, with a plan to increase headcount by 40% in 2021. ![]()
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