In the 15 years since he and Rian Gauvreau cofounded the legal practice management company Clio in 2008, Jack Newton has learned a thing or two about what it takes to build a successful company. As its CEO since the start, Newton has overseen the growth of the company from fledgling startup to a centaur with annual recurring revenue of over $100 million, a valuation of over $1 billion, and a workforce of nearly 1,000 employees. Newton has won numerous awards for his leadership, including Canada’s most admired CEO and EY’s Entrepreneur of the Year. He is also an advisor to and investor in a number of startups.
As Clio marks its 15th anniversary in 2023, Newton sat down with me to share 15 lessons he has learned along the way regarding what makes a successful company and a successful leader. He also reminisces about the early days of starting Clio and his early successes and challenges. Notably, he and Gauvreau founded Clio in the middle of the Great Recession, and one of the lessons he shares in this episode is his belief that a recession is a great time to build a company.
For anyone who has founded or is thinking of founding a legal tech startup, this episode is a must-listen. Even for those who are not tech founders, but law firm founders, many of Newton’s lessons apply. Let us know your thoughts on today’s episode by tweeting us, @LawNextpodcast.
Thank You To Our Sponsors
This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out.
- Paradigm, home to the practice management platforms PracticePanther, Bill4Time, MerusCase and LollyLaw; the e-payments platform Headnote; and the legal accounting software TrustBooks.
- Lawmatics, providing legal client intake, law practice CRM, marketing automation, legal billing, document management, and much more, all in one easy-to-use law practice software.
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