Themis Solutions Inc.

About Themis Solutions Inc.

Financials

Dated, source-cited figures. Estimates are marked.

Products by Themis Solutions Inc.

All products by Themis Solutions Inc. reviewed by our AI panel of experts.

ClioAI Legal

Cloud-based practice management for law firms, trusted by 400,000+ legal professionals

From $49/mo8.1/10

Competitive Landscape

Who Themis Solutions Inc. competes with, and how they differ.

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MyCase7.9/10

MyCase (owned by 8am, the practice-management/payments roll-up formerly branded AffiniPay) targets the same solo-to-small-firm segment as Clio, but has not built Clio's AI legal-research/drafting stack from the vLex and Jurisage acquisitions or Clio's enterprise tier for large firms (ShareDo).

1 product reviewed on TopReviewed

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PracticePanther

PracticePanther is a lower-priced, streamlined practice-management alternative aimed at solo and small-firm lawyers; it lacks Clio's AI legal-research stack (vLex, Jurisage) and Clio's enterprise-tier product for large firms (ShareDo).

Rocket Matter7.3/10

Rocket Matter (owned by ProfitSolv, which also owns CosmoLex) offers case, billing, and payment management for small firms, competing directly with Clio's core practice-management product but without Clio's AI research acquisitions or large-firm enterprise offering.

1 product reviewed on TopReviewed

Harvey8.0/10

Harvey sells AI legal research, drafting, and workflow tools directly to large law firms and in-house teams, competing with Clio's post-vLex AI ambitions in Big Law, but has no practice-management or billing product of its own.

1 product reviewed on TopReviewed

Legora7.9/10

Legora is an AI legal-work platform for large firms (drafting, review, research) that recently acquired Vancouver's Walter, putting it in direct competition with Clio's AI push on Clio's home turf, though Legora has no practice-management software.

1 product reviewed on TopReviewed

Company Timeline

Key milestones in Themis Solutions Inc.'s history, with sources.

1. Jun 10, 2026Acquisition

   Acquires Toronto legal-data firm Jurisage

   Clio acquired Toronto-based Jurisage, whose AI-ready legal dataset spans more than 470,000 cases across 40+ Canadian courts, to deepen its domestic legal-AI data since vLex's coverage in Canada was thin; Jurisage's 10-person team joined Clio.

   betakit.com
2. May 12, 2026Milestone

   Surpasses $500M in annual recurring revenue

   Clio announced it had surpassed US$500 million (CAD $687M) in annual recurring revenue, serving more than 400,000 legal professionals while remaining profitable.

   prnewswire.com
3. Nov 10, 2025Acquisition

   Completes $1B acquisition of vLex

   Clio closed its previously announced (June 2025) US$1 billion cash-and-stock acquisition of Spanish-American legal research company vLex, adding all 350+ vLex employees and bringing Clio's total headcount to 2,000.

   prnewswire.com
4. Nov 10, 2025Funding

   Series G — $500M at $5B valuation

   Clio closed a $500 million USD all-equity Series G led by New Enterprise Associates, plus a separate $350 million debt facility co-led by Blackstone and Blue Owl Capital, valuing the company at $5 billion USD.

   prnewswire.com
5. March 2025Acquisition

   Acquires UK-based ShareDo, entering the enterprise law-firm market

   Clio acquired Manchester, UK-based ShareDo, its largest acquisition to date, to move upmarket into serving law firms with 1,000+ staff; all 70 ShareDo employees joined Clio.

   betakit.com
6. Jul 23, 2024Funding

   Series F — $900M at $3B valuation, led by NEA

   Clio closed a $900 million USD (~$1.24B CAD) Series F financed entirely by new US investors led by New Enterprise Associates, with Goldman Sachs Asset Management, Sixth Street Growth, CapitalG and Tidemark, at a $3 billion USD pre-money valuation — the largest software funding round in Canadian tech history.

   betakit.com
7. Jun 9, 2022Milestone

   Surpasses $100M ARR, reaches 'centaur' status

   Clio announced it had surpassed US$100 million in annual recurring revenue, reaching "centaur" status a year after becoming a unicorn.

   betakit.com
8. Apr 27, 2021Funding

   Series E — $110M, reaches unicorn status at $1.6B valuation

   Clio raised a $110 million USD ($136M CAD) Series E led by funds and accounts advised by T. Rowe Price, with new investor OMERS Growth Equity, becoming the first legal practice-management company globally to reach unicorn status at a reported $1.6 billion valuation.

   betakit.com
9. Sep 4, 2019Funding

   Series D — $250M (CAD $330M) from TCV and JMI Equity

   Clio raised a $250 million USD Series D from growth-stage investors TCV and JMI Equity, at the time the largest growth-stage investment in a Canadian company since 2000.

   betakit.com
10. Mar 25, 2014Funding

    Series C — $20M led by Bessemer Venture Partners

    Themis Solutions raised a $20 million USD Series C led by Bessemer Venture Partners, with Acton Capital Partners, Point Nine Capital and Version One Ventures participating, bringing total funding to date to $27 million.

    betakit.com
11. Jan 30, 2012Funding

    Raises $6M USD in early venture funding

    Themis Solutions closed a $6 million USD funding round to grow its cloud practice-management product for small and solo law firms.

    betakit.com
12. 2008Founded

    Founded by Jack Newton and Rian Gauvreau

    Jack Newton and Rian Gauvreau founded Clio (legally Themis Solutions Inc.) in Burnaby, BC, to build cloud-based practice management software for lawyers after seeing the struggles independent lawyers and small firms face running their businesses.

    betakit.com