While AI is now being applied to everything from healthcare to customer support, no single use case has yet been nearly as popular or lucrative as code writing. Jack Newton, co-founder and CEO of Clio, a Canadian law firm management software company, is convinced that legal tech is poised to be the next big winner of the LLMs era. That’s a self-interested claim — 18-year-old Clio is a legal tech company — but the numbers are hard to dismiss. Clio saw its revenue growth accelerate sharply after integrating AI into its offering in 2023 . The company surpassed $200 million in annual recurring revenue (ARR) in mid-2024, doubled that figure by late last year, and just announced that its ARR reached $500 million. “LLMs are so excellent for coding because all the existing code in the world is a huge repository to train on,” Newton said. “The analogy to legal is really clear.” Law firms hold massive corpuses of contracts and agreements, providing a rich basis of text-based data for AI models to learn from.…