Law Publishing Road to Perdition? Probably Not
It has happened again; once more, v-Lex has changed hands, this time from Oakley Capital to the Canadian software company, Clio (Themis Solutions Inc.), for around US$1bn. Clio/Themis sits within the portfolio of New Enterprise Associates (NEA) venture capital firm, which previously shared in the funding of Ravel Law. Ravel, in 2017, was sold to RELX, which might indicate the future directional path of Clio/v-Lex. Harvey AI had been linked to rumours that it considered acquiring the much more established competitor, v-Lex, the alleged purpose being for the former to exploit the latter, to assist growth. That notion . . . [more]
