Today, Clio was recognized as the Gold Standard in privately-owned Canadian businesses by the nation’s leading business awards program. Each year, hundreds of entrepreneurial companies apply to Deloitte Canada’s prestigious program and undergo a rigorous application process, but only the best are awarded the title of Canada’s Best Managed Companies.
This will be the fourth year Clio has been recognized as one of Canada’s Best Managed Companies and the company is now being recognized with the Gold Standard distinction within the already elite category.
“This is a major milestone for us in building an enduring 100-year-old 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—which is why we are committed to creating a vibrant ecosystem for Canadian tech talent.”
So what truly makes a company the gold standard in best managed companies? A company must demonstrate a high level of business performance, innovation, sustained growth, product-market fit, and commitment to creating a corporate culture and environment where employees can thrive.
Since initially being named one of Canada’s Best Managed Companies in 2018, Clio reached several major milestones as a business.
Clio has made history by putting Canadian and legal technology on the global stage.
As a market leader, Clio is on an upward trajectory of rapid growth after:
- Launching the first and only end-to-end software solution for law firms in 2018.
- Securing one of the largest investments in legal technology and Canadian history with its US$250M Series D funding round in 2019.
- Becoming the first legal practice management globally to achieve unicorn status last month after closing its Series E funding round, which came with a valuation of US$1.6B.
Clio has supported employees, professionally and personally, while spearheading a new more flexible model of employment.
Clio created a new Distributed by Design model of employment that is more inclusive and comprehensive of employee and organizational needs for flexibility. As part of the new model, employees have:
- The choice to work from one of Clio’shub offices located in Vancouver, Calgary, Toronto, and Dublin, remotely from home, or a combination of both.
- A one-time $500 allowance to outfit their home office and a $150 monthly wellness benefit that they can use towards their remote work and wellness needs.
- A variety of development programs and resources including an in-house performance coach and a six-week foundational leadership development program designed to build and enhance the core skills needed to be an effective leader.
Clio is committed to creating more equitable and inclusive legal and technology industries.
Clio is committed to making the world a better place by the nature of its business practices and the solutions it creates. Under this vision, the company:
- Launched a company-wide objective to be an anti-racist workplace. Clio’s initial work toward this goal has included launching an employee-led DIBE Council, hosting recurring DIBE Discussion Groups open to the entire company, creating Employee Resource Groups (ERGs) for members of marginalized communities and allies, and donating USD$100,000 to the Equal Justice Initiative.
- Signed the Pay Up for Progress pledge, which centres on a commitment gender pay parity. Additionally, 43% of the team’s management positions are held by women and the company was recognized by Elpha as one of the Top 10 Workplaces for Women.
- Partnered with BPTN, an organization advancing opportunities for Black technical and business professionals in order to bridge the tech industry’s talent gap.
But, Clio is just getting started with a new mission and vision to grow the team by 40% in 2021.
Clio has accomplished a lot over the last four years, let alone since its initial launch in 2008. But the company is only getting started with a massive opportunity that lies ahead.
As outlined in a recent TechCrunch article, the company has witnessed a swift and massive transformation in the legal industry 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.
To support the permanent changes the company is seeing, Clio is on a mission to transform the legal experience for all by building the operating system for legal and an enduring 100-year old company that will serve the legal industry well into the future. To help realize those goals, Clio will be adding 250 people to their team of almost 600 strong by the end of 2021.
If you have ever wondered what working at a gold standard for business looks like, look no further than Clio. Learn more clio.com/careers.