Reynen Court Inc., a legal technology platform backed by Big Law firms, is shedding costs after the company said it underestimated the challenge of getting customers to buy and use the product.
The Amsterdam-based company is eliminating physical offices, cutting travel and using fewer tools after slashing headcount “pretty dramatically” from its peak of 34, CEO Andrew Klein said in an interview. He declined to be specific on job reductions.
The company that offers products through its 160-vendor platform is also weighing whether to raise rates on its “most engaged” customers—all part of an effort to have more money move ...
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