Ep 253: Exclusive: CEO Jack Newton on Clio’s Record-Setting $900M Raise
Description
As the law practice management company Clio today announced a record $900 million funding round, the largest ever for a cloud legal technology company, at a whopping $3 billion valuation, Clio’s founder and CEO Jack Newton joins LawNext for an exclusive podcast interview.
In a conversation recorded last week, ahead of today’s announcement, Newton and host Bob Ambrogi dive deep into this investment and what it means for Clio, its customers, and the legal industry. Newton founded the company 16 years ago and has overseen its growth into a global legal tech powerhouse, with more than 1,100 employees worldwide.
“My ambition was always to build this into something that would be a multi-decade company, a hundred-plus year company, and a company that would leave a lasting impact on the legal industry, and a company that would transform the legal industry in a really positive way,” Newton says in the interview. “And what I see this investment round as being is, number one, a huge validation of the success Clio has had in driving that transformation, but more importantly, positioning us to even have a more transformative and more impactful next chapter to our story.”
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Paradigm, home to the practice management platforms PracticePanther, Bill4Time, MerusCase and LollyLaw; the e-payments platform Headnote; and the legal accounting software TrustBooks.
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