On July 23, 2024, Clio, a global leader in legal technology, announced the completion of a US $900 million Series F investment round led by New Enterprise Associates. The round also includes new partners Goldman Sachs Asset Management, Sixth Street Growth, CapitalG, and Tidemark, who join current investors TCV, JMI Equity, funds and accounts advised by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, Inc., respectively, and OMERS. Clio's valuation now stands at $3 billion. Wilson Sonsini Goodrich & Rosati advised Clio on the transaction.

Clio has been at the forefront of creating innovative cloud-based solutions for the legal industry for 16 years and is used in over 130 countries. The platform has over 250 legal technology software integrations and is endorsed by more than 100 law societies and bar associations worldwide, including all 50 state bar associations in the United States.

The Wilson Sonsini team that advised Clio on the transaction includes:

Corporate
Rezwan Pavri
Colin Conklin
Richa Sharma
Jacqueline Jung
Avery Minor
Partha Vora

Employee Benefits and Compensation
Sriram Krishnamurthy
Matthew Norgard
Jason Chan

Tax
Jonathan Zhu
Derek Wallace
Jason Sacks

For more information, please see Clio's news release.