September 16, 2021

Y M L P-260

Business the wise choice

Clio snaps up doc automation startup in latest acquisition

  • Lawyaw deal marks 2nd acquisition for Clio in two months
  • Tie-up will come amid broader legal tech dealmaking spree

The business and regulation company names proven over are produced automatically based mostly on the text of the post. We are bettering this aspect as we continue on to exam and acquire in beta. We welcome feed-back, which you can present applying the feed-back tab on the proper of the web site.

(Reuters) – Regulation observe administration software package corporation Clio on Wednesday declared its acquisition of Lawyaw, a lawful doc automation enterprise that previously participated in Silicon Valley startup incubator Y Combinator.

The shift cements an present partnership concerning Vancouver, Canada-dependent Clio and San Francisco-based Lawyaw, which has incorporated details integration among products, Clio reported. Lawyaw serves solo, little and midsize lawful techniques, according to its web page. The fiscal phrases of the acquisition were not disclosed.

Lawyaw marks the third acquisition for Clio, which included automatic court guidelines-centered calendaring business CalendarRules in July. That tie-up came a few months soon after a $110 million funding spherical by Clio that valued the cloud-dependent lawful tech business at $1.6 billion. Clio’s to start with acquisition, client consumption and shopper romantic relationship management corporation Lexicata, was in October 2018.

The CalendarRules and Lawyaw acquisitions in distinct permit Clio’s customers to “improved interface with courts, primarily in the United States,” reported Shubham Datta, vice president of company advancement at Clio.

Cutting down inefficiencies in the course of action and making a a lot more electronic interface will “enable our prospects to turn out to be far more shopper-centric,” he explained.

Lawyaw, established in 2016, presents software to vehicle-fill court docket types, flip Microsoft Term lawful documents into on the net templates and send files for electronic signatures, in accordance to its website. Lawyaw CEO and co-founder Tucker Cottingham and his team will join Clio.

The acquisition “accelerates our capacity to modernize authorized paperwork and the shipping of authorized companies,” Cottingham, now typical supervisor of Lawyaw, reported in a assertion.

Underneath the earlier partnership involving the two corporations, Lawyaw was an integration companion in Clio’s application directory, which allows software package distributors to plug directly into Clio, in accordance to Datta. The romance among Clio and Lawyaw above the several years has “advanced and developed for the mutual gain of both of those of our buyers,” creating the blend beautiful, he said.

“We have been so impressed with the Lawyaw crew and their commitment and innovation to streamlining the development of essential courtroom kinds and authorized files,” Jack Newton, CEO and founder of Clio, claimed in a assertion.

Newton has individually invested in other legislation-connected organizations this 12 months, together with Hi Divorce, DoNotPay and Athennian. Most lately, he participated in a $3.5 million round for lawful tech company Clearbrief final thirty day period.

The Lawyaw acquisition arrives as dealmaking in the lawful tech and solutions sector proceeds at quickly clip. Very last week, Frontline Managed Expert services obtained authorized info technology consultancy LOGICFORCE, and organization lawful management software service provider Onit introduced in legal-spend analytics organization Bodhala.

Examine More:

With new funding, Clio becomes a legal observe administration ‘unicorn’

Why Clio’s Jack Newton sees gains and development in the ‘latent lawful market’