Legal-tech firm Clio secured $500 million in funding, valuing the business at approximately $5 billion. The capital will fuel product development, acquisitions and expansion of its AI-enabled legal workflow solutions aimed at law firms and corporate legal departments. Clio said its AI-driven modules now automate document review, client intake and time-capture workflows, accelerating adoption across jurisdictions. The raise reflects heightened investor interest in professional-service automation platforms and signals growing market acceptance of AI in traditionally manual, regulated sectors.