The Financial Times recently released its inaugural “Law 50” list, which spotlights those in the sector “selected for their influence on a legal sector in transition.”
To highlight individuals and showcase contributions, FT and RSGI launched the list with five categories: Champions of rule of law; AI enablement; Leadership and advocacy; Business model change; and General Counsel.
Two Canadians made the list.
Clio cofounder Jack Newton made the list under the “AI Enablement” category, which recognizes those using AI technologies to reshape the sector.
Newton cofounded Clio in 2008 as a tech-forward legal practice management platform that now serves more than 400,000 legal professionals across 130 countries.
Damien Riehl, also of Clio, made the list under the “Leadership and Advocacy” category.
As the “solutions champion” of Clio, Riehl is known for helping shape the company’s “Vincent” product—and beyond Clio is involved in the Sali Alliance, a non-profit initiative to develop a standard taxonomy of legal data, as well as with the Catholic Church’s approach to AI and developing digital resources.
“The recognition comes as Clio continues to build out what legal AI can do,” according to a statement from Clio. “Vincent is evolving to interpret intent, coordinate multi-step legal work, and operate within the context of a matter, drawing on authoritative legal data and firm-specific knowledge to support legal teams at every stage of their work.”
Earlier this year, Clio surpassed US$500 million in annual recurring revenue. That milestone followed a US$1 billion acquisition of vLex, the largest M&A transaction in legal technology history, as well as a US$500 million Series G round led by New Enterprise Associates at a US$5 billion valuation.