Clio Named New Winner of Canada’s Best Managed Companies
March 8, 2018
Clio’s industry-leading strategies and initiatives as a Canadian business and employer garner them the designation as one of Canada’s Best Managed Companies.
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VANCOUVER, BC—Clio, the leader in cloud-based legal practice management, is proud to be named a new winner of Canada’s Best Managed Companies in 2018. This prestigious designation recognizes companies with revenues of over $15 million that demonstrate innovative and world-class business practices and commit to achieving sustained growth. Clio is proud to be both a first-time winner and first-time applicant.
“We are honored to be named one of Canada’s Best Managed Companies on our 10th anniversary,” said Jack Newton, CEO and Co-Founder of Clio. “It’s a humbling moment to be recognized for our clear strategy and vision, investment in capability, and commitment to talent.”
Ten years ago, Jack Newton and Rian Gauvreau launched the first-to-market, cloud-based legal practice management platform, making managing a practice simple, affordable, and accessible. Today, Clio has more than 150,000 customers worldwide, and leads the industry through a number of initiatives both as a business and an employer.
Clio’s strategy and vision is to transform the practice of law, for good, by using technology to redefine how law is practiced, ultimately increasing access to justice for all. Under this vision, Clio launched a $1 million Developer Fund to nurture and grow a thriving legal technology field and founded the Clio Academic Access Program, in which the company has donated over $22 million of free product access over the last decade to legal clinics, paralegal programs, nonprofits, and law schools.
“Best Managed winners should be extremely proud of their accomplishments,” said Peter Brown, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies program. “The marketplace is changing rapidly and this incredible class of companies’ commitment and entrepreneurial leadership help drive business success that is critical for the health of our economy.”
To further support the larger legal community through educational initiatives, Clio founded the Clio Cloud Conference, the industry’s top conference that educates, grows, and actively solves points of contention for lawyers and their clients, and created the Legal Trends Report, the first-ever report to use aggregated and anonymized user data to provide never before seen business metrics and insights on how to run a practice more effectively and efficiently.
Clio was also recognized for its world-class business practices as an employer and investing in company initiatives that drive employee success. For example, Clio offers a full-time, in-house performance coach, and a tailor-made six-week Foundational Leadership Development Program to its employees. Clio also provides competitive financial compensation, stock options, RRSP contribution matching, thoughtful parental leave for mothers and fathers, excellent health benefits including proactive mental health programs, and three weeks of paid vacation.
Now in its 25th year, the Canada’s Best Managed Companies program receives hundreds of applicants annually, and is one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Applicants which are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges.
“We know many companies strive for this designation and we are honored to be recognized as an industry leader in both our field but also in our initiatives as a Canadian employer,” said Newton. “As we celebrate our 10 year anniversary, we’re proud to be recognized as one of Canada’s Best Managed Companies.”
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 $15 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, CIBC, Canadian Business, Smith School of Business, TMX Group and MacKay CEO Forums. For further information, visit bestmanagedcompanies.ca.
Founded in Vancouver, Canada in 2008, Clio is the most comprehensive cloud-based practice management platform for the legal industry. With the help of the cloud, Clio eases the processes of time tracking, billing, administration, and collaboration for law firms of all sizes. One of Canada’s fastest-growing companies with international reach, Clio employs over 250 individuals with a rapidly growing customer base spanning 90 countries. Clio has been named one of CIX’s Top 20 Most Innovative Technology Companies, and for the last two years, has been recognized by Deloitte on both the Fast50 and the Fast500 lists. Learn more at clio.com.
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