WillItSurvive
Accounting, tax and business software · United States

Filevine

filevine.com ↗

Filevine builds case management and workflow software for law firms, especially personal injury litigation.

Protection under test
Assessed 22 July 2026 · Evidence as of 22 July 2026
Something worth protecting exists and is being tested right now.
On the recordSince 22 July 2026 · Checkable from Q4 2026 · Every call on the record Checkpoint: Next two quarterly retention reports showing whether NDR holds above 120% as Clio Operate scales
The call

Filevine holds its litigation niche with sticky data and compliance credentials while Clio pushes upmarket and AI-native rivals circle the document work underneath it.

Filevine makes software that law firms and government agencies use to organize cases, documents, and workflows. It is hard to replace because lawyers get locked into their systems, the company meets strict government security rules that take time to earn, and it holds years of client case data that is expensive to move. However, Clio, a much larger competitor, is growing twice as fast and just released new tools aimed directly at Filevine's customers, while smaller rivals like EvenUp are winning specific features using artificial intelligence. The picture could shift dramatically over the next year depending on whether Clio actually wins Filevine's core customers in practice, whether Filevine can keep its customer loyalty rate above 120% by selling AI add-ons rather than just more user seats, and whether the company wins major new government contracts that would lock in its compliance strength.

Why
01
AI pressure: EvenUp and Harvey. EvenUp automates demand letters and Harvey grows fast in legal AI, both circling the document work Filevine's LOIS agent is built to own. Could AI do the core job? Unlikely.
02
Bigger players: Clio. Clio, roughly 2x Filevine's ARR and growing 84% YoY, shipped Clio Operate to push upmarket into Filevine's litigation workflow turf. Could a giant copy it? Probably.
03
What protects it. Deep workflow lock-in and proprietary case data across 6,000 firms, plus FedRAMP, CJIS, and HIPAA credentials rivals mostly lack.
What would change this call
Filevine's NDR drops below 110% or gross retention falls under 96% in a future funding disclosure. Would show Clio or EvenUp are actually pulling customers or usage away, not just competing on paper.
Named PI or litigation firms publicly switch from Filevine to Clio Operate within 12 months. Would confirm Clio's upmarket move is winning real accounts, not just marketing.
EvenUp or Harvey announce case studies of firms replacing Filevine's demand-letter or AI workflow features. Would show AI-native rivals are displacing Filevine on specific high-value use cases.
Key numbers
  • $400M raised Sept 2025 at $3B valuation (2025-09-23)
  • ARR estimated $250M, up from $205M (2026-04)
  • 96% gross retention, 120%+ net retention claimed (2025-09-23)
Named risks
  • Clio Operate directly targeting Filevine's core high-volume litigation firm accounts. Severity: high
  • Conflicting revenue estimates ($61M to $250M ARR) obscure true growth and financial health. Severity: medium
  • AffiniPay bundling payments and case management undercutting Filevine from the low end. Severity: medium
  • Valuation trades at ~16x ARR versus 40-55x for AI-native legal peers, risking investor re-rating. Severity: medium
  • Integration risk from stacking two acquisitions (Parrot.us, Pincites) within 15 months. Severity: low
Rivals, as read in July 2026
RivalDirectionEvidence
Cliogaining onClio Operate shipped upmarket into litigation workflow niche; Clio ~$500M ARR +84% YoY vs Filevine ~$250M as of Jun 2026
AffiniPay (MyCase, LawPay)contestingBundling payments and case management to squeeze Filevine from below, per Sacra analysis May 2026
EvenUpcontestingAI-native demand letter automation overlapping Filevine's DemandsAI, $1B valuation on $135M Series D, Oct 2024
Harveygaining onAdjacent AI-native legal player at ~$11B valuation, +290% YoY ARR growth, vs Filevine's 16x revenue multiple, Jun 2026
Questions people ask
Is Filevine profitable?
No public profitability data exists. Filevine is privately held and raised $400M in equity financing closed September 23, 2025 at an estimated $3B valuation. Third party ARR estimates range from about $61M (Latka, 2024) to about $250M (Sacra, April 2026), but no net income figures are disclosed.
Who owns Filevine?
Filevine is a private, venture backed U.S. corporation with no parent company. Its most recent $400M raise, announced September 23, 2025, was led by Insight Partners, Accel, and Halo Fund, with Meritech, StepStone and others participating, valuing the company at roughly $3 billion.
Could AI replace Filevine?
Unlikely near term. Filevine builds AI into its own platform rather than being replaced by it, shipping Depo CoPilot (Sept 2024) and an agentic LOIS console (June 2026) trained on data from 40 million plus legal matters, backed by FedRAMP, CJIS and HIPAA compliance that generic AI tools cannot easily replicate.
Is Filevine losing to Clio?
It is contested. As of Sacra's June 2026 estimates, Clio had roughly $500M ARR growing 84% YoY versus Filevine's roughly $250M ARR, and Clio shipped 'Clio Operate' to push upmarket into Filevine's core litigation workflow niche, though no confirmed customer losses have been reported yet.
What is Filevine's biggest competitor?
Clio is Filevine's largest rival, with roughly $500M ARR and 84% YoY growth as of Sacra's June 2026 estimate, a $5B valuation after acquiring legal research platform vLex for $1B in November 2025, and its 'Clio Operate' product moving into Filevine's litigation workflow territory.
How much funding has Filevine raised in total?
Cumulative funding estimates vary by source: about $547M (CB Insights, Dec 2025), $626M (Latka, Nov 2025), or $666M (Caplight, June 2026). Its most recent tranche was a $400M raise closed September 23, 2025, led by Insight Partners, Accel, and Halo Fund at a $3B valuation.
Timeline
  • 2026-06-10Launched LOIS console, an agentic AI system informed by 40M+ legal matters
  • 2025-12Closed acquisition of Pincites, an AI contract redlining company
  • 2025-10Achieved FedRAMP 20x Authorization, opening government sales
  • 2025-09-23Closed $400M raise led by Insight Partners, Accel, Halo Fund at ~$3B valuation
  • 2025-09-04Launched 'Depositions by Filevine' combining Parrot.us and Depo CoPilot
  • 2025-04Acquired Parrot.us, a deposition transcription and scheduling platform
  • 2024-09Launched Depo CoPilot, an AI deposition transcription and analysis tool
Revision history
22 July 2026
First assessed. Protection under test. The text above is fixed as of this date and is not edited afterwards.
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