Clio’s $500M milestone arrives just as Anthropic ups the ante

Clio said annual recurring revenue reached $500 million as AI features helped accelerate growth in legal tech.

The company has expanded its platform with AI capabilities, including after its acquisition of vLex.

At the same time, Anthropic launched new legal-focused Claude tools that could compete with firms building on its models.

The move underscores how AI is boosting demand for legal software while also intensifying competition in the sector.