It was big news earlier this month when practice management company Clio announced that it had acquired Lexicata, the first cloud-based CRM and client-intake platform for lawyers. It was the first acquisition by 10-year-old Clio, which says it will continue to operate Lexicata but will also develop its technology into a new, more advanced client-engagement platform, Clio Grow.

Lexicata CEO Michael Chasin and law school classmate Aaron George founded the company in 2014, after previously founding LawKick, a marketplace for connecting clients with lawyers. A 2013 graduate of Loyola Law School, Chasin also received a master’s degree in business administration from Loyola Marymount University.

In this episode of LawNext, I sat down with Chasin during the recent Clio Cloud Conference, shortly after the acquisition was announced. We discussed the history of Lexicata, the reasons for the acquisition, the future of the product, and what it all means for the legal industry at large.

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Photo of Bob Ambrogi Bob Ambrogi

Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division. At LexBlog, he oversees LexBlog.com, the global legal news and commentary network.