Clio Named a Deloitte Technology Fast 500™ for Second Year in a Row
November 15, 2018
Clio’s vision to transform the legal industry drives massive year-over-year growth.
Vancouver, BC—Clio, the leader in cloud-based legal technology, was once again included on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America. To be named a 2018 Technology Fast 500™, companies had to achieve revenue growth ranging from 143% to 77,260% from 2014 to 2017, with median growth of 412%.
In the last year, Clio has seen massive growth in market share, through existing product offerings and expansion, with 56 new integrations joining Clio’s platform over the last 12 months. Additionally, in October, Clio announced the acquisition of Lexicata, a client intake and customer relationship management (CRM) solution built for law firms. This is a major milestone for the legal industry in delivering an end-to-end solution that streamlines the client journey for law firms.
“We are honoured to be recognized once more as one of North America’s Fastest Growing Companies,” said Jack Newton, Clio’s CEO and Co-founder. “Our vision to continuously transform the legal industry is what drives the work we do at Clio, and we still have so much more to do.”
The acquisition marks the first step towards Clio’s vision to provide the first entirely client-centered and firm-focused product suite that will include practice management, CRM, and client intake. Under this vision, Lexicata will evolve into a more advanced client engagement platform called Clio Grow, launching early 2019.
“When we founded Clio in 2008, our goal was to build a solution to help solo and small firm lawyers manage their practices better. What’s happened since then has been truly humbling,” said Newton. “Creating our practice management platform was just the first chapter in our story. Over the last year, we have been thinking about how we can further support the future of the legal industry. Clio’s ongoing vision sees technology playing a crucial role in helping lawyers to be hyper-focused on delivering the type of responsive, informed service that today’s clients already expect.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and US technology, media, and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media, and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Clio has also been recognized by Deloitte as one of Canada’s Best Managed Companies in 2018, a Technology Fast 500™ in 2017, and a Technology Fast 50™ in 2015 and 2016.
About Deloitte’s 2018 Technology Fast 500™:
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Clio, the leader in cloud-based legal technology, empowers lawyers to be client-centered and firm-focused through a suite of cloud solutions, including practice management, CRM, and client intake software. Clio has been transforming the legal profession for over a decade and continues to lead the industry with initiatives like the Legal Trends Report, the Clio Cloud Conference, and the Clio Academic Access Program. With 150,000 customers spanning 90 countries, and the approval of over 65 bar associations and law societies globally, Clio has been recognized as one of Canada’s Best Managed Companies, and a Deloitte Fast 50 and Fast 500 company. Learn more at clio.com.
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