Dealcloser, a transaction management hub, has appointed Jack Newton, the well-known CEO & Co-founder of legal practice management company Clio, to its Advisory Board.
While it’s standard to have an advisory board stacked with experts and industry figures, having the CEO of a major legal tech business on your own legal tech company’s board is unusual. The move shows just how close the two companies are.
With Newton joining dealcloser’s Advisory Board, the dealcloser executive team now has access to guidance and mentorship from the founder of ‘a wildly successful legal technology company’ they said.
Established in 2007, Clio was founded by Jack Newton and Rian Gauvreau. While dealcloser was co-founded in 2017 by former corporate lawyer Amir Reshef and software developer Mike O’Connor. The two companies already work together as dealcloser integrates with Clio.
Reshef, CEO of dealcloser, said: ‘I first saw Jack speak at a local tech community event years ago. It was very inspiring—and it was at that moment I knew I wanted to build a company like Jack’s. Now with him on our Advisory Board, we have the guidance to grow dealcloser to the next level.’
Newton added: ‘I believe they are building a solution that will bring the practice of corporate law into the future by dramatically streamlining and simplifying the outdated workflow and process that currently characterise most corporate transactions. This is a space that needs to leave pen, paper, and Excel spreadsheets in the past, and dealcloser is what the future looks like. I look forward to providing guidance and expertise to the company.’