T. Rowe Price led a $110m Series E funding round in Clio.

T. Rowe Price, an investment management firm, led a $110m Series E funding round in Clio, a legal technology company, valuing the company at $1.6bn. The round was joined by OMERS. "This investment is indicative of the explosive demand for legal technology that empowers lawyers to be cloud-based and client-centered. The support from T. 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," Jack Newton, Clio CEO and Founder.