Burnaby-based legaltech leader Clio has entered the financial technology space by partnering with San Francisco-based BNPL provider Affirm. This collaboration enables Clio to launch its own “buy now, pay later” (BNPL) service, allowing law firms to offer clients flexible payment options through monthly or biweekly installments for legal fees.
In addition, Clio has introduced Clio Capital, a capital advance program designed to give law firms faster access to funds to manage cash flow or support growth initiatives. Both solutions are integrated into Clio’s existing payments and practice management platform in the United States, with plans to expand to other regions.
Clio aims to address the longstanding financial imbalance in the legal industry, where firms rely on large upfront retainers while clients may lack immediate liquidity despite future payouts. According to AJ Axelrod, Clio’s VP of Payments and Financial Services, these innovations will help reduce administrative burdens, enhance client relationships, and improve financial stability for firms.
The announcements were made at ClioCon, the company’s annual legaltech conference in Boston. Earlier at the event, Clio unveiled a new enterprise division and a suite of AI-powered solutions developed from recent acquisitions of ShareDo and vLex.
✅ Key Highlights:
- Clio partners with Affirm to launch legal BNPL services.
- Introduction of Clio Capital for fast, flexible funding to law firms.
- Integrated into Clio’s payments and practice management software in the U.S.
- Addresses financial pain points for law firms and clients.
- Announced at ClioCon alongside AI-based enterprise legal solutions.
