Clio Hits $500M ARR as Anthropic Expands Claude for Legal — AI Platform Supplier Becomes Competitor to Its Own Customers

TechCrunch·medium signal

Canadian legal tech company Clio reached $500M ARR, up from $200M in mid-2024. Meanwhile, Anthropic expanded Claude for Legal with new law-specific features, creating an uncomfortable dynamic: Harvey and Legora rely on Claude as a core model, but their supplier is now also a direct competitor. Clio is valued at $5B after its $500M Series G and $1B acquisition of vLex for AI-powered legal research.