Bay Street Bull recognizes Clio as a mark of Canadian success for the company’s efforts to make the legal industry more resilient, efficient, and thoughtful.
From e-commerce giants and social media titans to tech hubs and healthcare innovators,
Bay Street Bull’s annual Power 50 guide showcases Canadian companies who have not only redefined their industries but initiated important social conversations and made a lasting impact in their communities. Now in its eighth year, the 2022 guide was selected and vetted by its editorial team.
“Clio re-invented an archaic industry by building the first cloud-based operating system for legal practices so lawyers can focus more on the client experience and less on all the other ‘stuff,’” as noted by Bay Street Bull.
The past two years have presented a unique set of challenges for lawyers as they navigated increased expenses, employee retention, shifts to remote work, and changing client demands. These challenges drove more firms to seek the technology solutions necessary to remain competitive.
“Clio has been the consistent visionary in cloud-based legal technology, addressing the industry’s most pressing issues through our innovative solutions. We are delivering revolutionary products that offer law firms greater automation, efficiency, and flexibility to be positioned for the future,” said Jack Newton, CEO and founder of Clio. “We are excited to debut in Bay Street Bull’s Power 50. This recognition puts us in the great company of Canadian businesses that are mission-driven in their work. It is a testament to the impact of our technology that results in meaningful change and better access to justice.”
The future of legaltech lies in building seamless and frictionless product experiences for law firms. Knowing this, Clio launched its first fintech product, Clio Payments, in 2021. Clio Payments offers a holistic billing and payment solution in one central legal practice management software. In 2021, Clio was also the first legal practice management platform to earn unicorn status with a Series E funding valuation of US $1.6 billion, and most recently announced that they joined the elusive $100M ARR club, reaching centaur status.
“Our continued focus on the needs of our customers—and their clients—has contributed to much of Clio’s success in building the industry’s only legal operating system that is easy-to-use, affordable, and comprehensive of what’s needed to run a law firm, regardless of size,” said Newton. “Looking to the future, we’re dedicated to building solutions that will transform legal experiences for all and designing the future of the industry.”
An industry leader, Clio is investing in promising early-stage legaltech companies through Clio Ventures, a new equity investment portfolio. In 2022 it completed its first investment (Proof, a Denver-based legal services marketplace), with more investments on the horizon this year.
Clio continues to lead the conversation with the Clio Cloud Conference—the biggest conference in legal, drawing thousands of attendees from around the world each year—and the much anticipated annual Legal Trends Report, which provides insights into the evolving legal sector.
Learn more about Clio’s triumphs of ingenuity and compassion as recognized by Bay Street Bull at clio.com/news.
Clio is transforming the legal experience for all by creating the world’s leading cloud-based technologies for law firms—to keep lawyers and their clients better connected throughout the legal process. Firms of all sizes and practice areas use Clio products—Clio Manage, Clio Grow, and Lawyaw—to manage firm operations, streamline billing and payments, automate legal documents, and improve client experiences. Following its US$250M Series D funding, led by TCV and JMI Equity, and its US$110M Series E investment, led by T. Rowe Price Associates, Inc. and OMERS Growth Equity, Clio has made history by becoming the first legal practice management unicorn in the world. Learn more at clio.com.
Juliet Mafua, Senior Public Relations Specialist, Clio
About Bay Street Bull
Bay Street Bull is a print, digital, and experiential multimedia platform that focuses on the shared pursuit of success (and the many ways success is defined.) More specifically, Bay Street Bull showcases business excellence (particularly within Canada), innovation, and the world’s most inspiring leaders.