TBA Law Blog


Posted by: Stacey Shrader Joslin on Jul 7, 2025

TBA member benefit partner and legal practice management company Clio announced last week that it will acquire legal AI and research company vLex in a deal valued at $1 billion. British private equity firm Oakley Capital agreed to sell Barcelona-founded vLex to Clio, a Vancouver, Canada-based company, which called the deal a “new era for AI-powered legal technology.” vLex’s research and drafting AI tool, known as Vincent, will revolutionize Clio’s current offerings, according to a news release from the company. “The transformative union of legal research, practice management and cutting-edge AI marks a category shift in legal technology that converges the business and practice of law,” Clio said. In April 2023, vLex and another TBA member benefit partner, Fastcase, merged to form vLex Fastcase.