Burnaby, BC—Tuesday May 10, 2022—Clio, the world’s leading provider of cloud-based legal technology, was recognized for overall business excellence and sustained growth for the fifth consecutive year with Canada’s Best Managed Companies designation. The 2022 Best Managed program award winners are amongst the best-in-class of Canadian-owned and managed companies with revenues over $50 million demonstrating leadership in strategy, capabilities and innovation, culture and commitment, and financials to achieve sustainable growth.
Now in its 29th year, Canada’s Best Managed Companies remains one of the country’s leading business awards programs with hundreds of entrepreneurial companies competing in a rigorous and independent process that evaluates the caliber of their management abilities and practices.
In a remarkable year, Clio was recognized for its landmark achievements and substantial expansions that led to exciting new product developments and programs. After achieving unicorn status just one year ago, Clio completed two legaltech acquisitions, CalendarRules and Lawyaw; expanded into fintech with the launch of Clio Payments; doubled its executive team; and grew the company to over 800 employees. Clio Ventures was also launched as an investment arm of the company, and has since invested into Proof, a legal service of process marketplace. In a period of substantial growth, the company has continued to invest in its human and high performing workforce, including reopening its redesigned office spaces and committing to a flexible hybrid workplace.
“To become a Best Managed Gold Status winner is a huge accomplishment,” said Lorrie King, Partner, Deloitte Private and Co‐Leader, Canada’s Best Managed Companies program. “These companies demonstrate resilience, versatility, and strategic acuity. They have consistently proven their ability to thrive in a competitive, rapidly changing market. This year’s winners should take pride not only in this prestigious recognition but also in the important contributions they make to the Canadian business world.”
Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. The 2022 Best Managed companies share commonalities that include (but are not limited to) putting their people and culture at the forefront, focusing on their ESG strategies and doubling down on accelerated digitization.
“We’re honored and thrilled to once again be recognized for our work towards building an enduring, 100-year company,” said Jack Newton, CEO and Founder of Clio. “Our long-term vision is to support all those who engage with the legal industry, and as we expand our portfolio we will look to grow our workforce to achieve these goals. We are committed to creating a vibrant ecosystem for tech talent as we embark to transform the legal experience for all. ”
For more information about open roles at Clio as one of Canada’s Best Managed workplaces, visit clio.com/careers.
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 UA$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.
About Canada’s Best Managed Companies
Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $50 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on four levels: 1) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4‐6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte Private, CIBC, The Globe and Mail, Salesforce and TMX Group. For more information, visit www.bestmanagedcompanies.ca.
Juliet Mafua, Senior Public Relations Specialist, Clio