Cavendish is delighted to announce that it has advised on a landmark deal in the legal software sector, completing the sale of ShareDo, a UK cloud-native SaaS software provider for large law firms, to Clio, a global leader in cloud-based legal technology.

Cavendish ran an extensive process, evaluating possible offers from a range of international buyers and private equity investors, resulting in a deal that delivered an outstanding outcome for ShareDo’s owners as well as a strategically important acquisition for Clio.

Headquartered in Manchester, where Cavendish recently opened new offices, ShareDo has a strong track record of best-in-class technology for large law firms. Founded in 2011, it drives product innovation and international expansion for many of the world’s top global firms, including some of the largest law firms in the UK and a growing base in the United States, Canada and Australia.

Building on Clio’s industry-leading platform and expertise, this acquisition will allow Clio to offer a fully comprehensive solution for law firms of all sizes as well as expanding its global footprint. Clio will use this acquisition to accelerate ShareDo’s expansion in the UK and priority international markets, including the United States, in the coming year. The combined entity will present customers and partners with even greater value and a more extensive range of solutions to meet their ever-changing needs.

ShareDo’s founders, Ben Nicholson and Nick Humphrey, will remain in the business, ensuring continuity and expansion of services for customers and prospects.

For Cavendish, this transaction marks the 15th technology transaction in the last 12 months, including nine software deals, showcasing the firm’s outstanding credentials as one of the most active advisers in the dynamic and growing UK technology sector.

Robbie Wirdnam, Associate Director, Technology at Cavendish commented:

“We are delighted to have advised the shareholders of ShareDo on their successful sale of the business to Clio. It was a pleasure working alongside Ben and Nick and this exceptional outcome is a testament to their vision of and dedication to building the leading case management and workflow automation platform for large law firms. Cavendish ran a highly competitive process and believe that Clio represents a very exciting new home for the business. We look forward to watching this next chapter for Ben, Nick and the ShareDo team.”

Anthony Platt, Partner and Head of Technology at Cavendish commented:

“The legal software sector is evolving at an unprecedented pace, driven by AI advancements and substantial venture investment, paving the way for future disruption. Clio’s acquisition of ShareDo represents a transformative move, enabling Clio to expand into the enterprise market and marking a significant milestone in the sector’s evolution.”

Joanna Stone Herman, Partner, Co-Head of Global TMT Practice, Oaklins commented:

“Sharedo’s proven best-in-class technology for case and matter management has been helping the world’s largest law firms stay at the cutting-edge of digital transformation, we are thrilled to see Sharedo come together with Clio’s global leadership position in cloud-based legal technology to power the next phase of legal innovation and growth.”