Clio Announces Series E Funding Round to Support Explosive Demand For Cloud-Based Legaltech
Clio
"This investment is indicative of the explosive demand for legal technology that empowers lawyers to be cloud-based and client-centred," said Jack Newton, CEO and Founder of Clio. "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."
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. 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.