Clio Hits a $5B Valuation After Its $1B vLex Acquisition — But Bigger Isn't the Same as Unified for Mid-Market Firms

Clio's landmark $1B vLex acquisition and $500M Series G at a $5 billion valuation cement its scale — but a bigger research library doesn't close the accounting gap mid-market firms feel every month-end. Here's what the news actually means for buyers.