A new $110 million Series E financing round for legal technology company Clio puts its valuation at $1.6 billion, making it the first law practice management company to achieve unicorn status and one of just a few legal tech companies to pass that milestone.

In an exclusive LawNext interview, Jack Newton, Clio's cofounder and CEO, joins host Bob Ambrogi to discuss this news and what it means for the company and its customers, as well as to share his thoughts on what this means in the broader context of the rapidly growing legal technology market.