Legal Technology

Clio to use $20M in financing to expand cloud-based law practice management offerings

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A company known as Clio that provides lawyers with a cloud-based practice management system is about to get bigger.

With the help of about $20 million in financing provided by Bessemer Venture Partners and others, Clio is planning to add another 100 or so employees and expand both its product development and sales efforts in the U.S., Canada and Europe, reports Robert Ambrogi’s Law Sites.

A Techvibes article includes a comment from Jack Newton, a Clio founder who serves as chief executive officer for the company.

“We offer our customers one of life’s most precious resources: time,” he said, explaining his view of the start-up’s success. “We’ve found that our users save an average of eight hours per week, giving them more time to spend on life outside of work. This funding will allow us to further our reach and hone our product to continue to help lawyers focus on the parts of their business they enjoy.”

Related coverage: “Thomson Reuters’ cloud platform Firm Central emphasizes integration—at a cost”

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