Clio to acquire vLex from Oakley Capital for $1bn.

Clio, a legal technology company, agreed to acquire vLex, a developer of a legal information platform, from Oakley Capital, a mid-market private equity investor, for $1bn. "This is a watershed moment for Clio and the broader legal profession. With vLex, we are building on that foundation with technology that understands the substance of the law. By bringing together the business and practice of law in a unified platform, we are revolutionizing every aspect of legal work. This sets the stage for a future powered by agentic AI, and marks the establishment of a new industry category—one that will empower legal professionals to serve clients with unprecedented insight and precision," Jack Newton, Clio CEO and Founder.