The Globe and Mail reports in its Tuesday edition that Clio, a legal-software company, has made its second major acquisition of the year, acquiring vLex LLC for $1-billion (U.S.). The Globe's Sean Silcoff writes that vLex produces an artificial intelligence tool that helps lawyers avoid citing fake court rulings. This deal expands Clio's reach in the market and signifies its continued growth in 2025. It also pits Clio against heavyweight rivals: Canadian legal software giant Thomson Reuters and Relx's LexisNexis unit. The acquisition, Clio's sixth, brings "the business of law and the practice of law capability under one roof," said chief executive officer Jack Newton. Clio said Monday it had signed a definitive agreement to buy Barcelona-based vLex from European private equity firm Oakley Capital for stock and cash. CIBC analyst Scott Fletcher says the Clio and Harvey deals "have the ability to alter the competitive landscape," for Thomson Reuters, one of Canada's most valuable public companies. He adds that while its AI tools have performed well and accelerated its growth, Thomson Reuters "will need to continuously improve its product to keep up with peers." Goldman Sachs is one of Clio's deep-pocketed backers.