Two months after legal tech platform Reynen Court announced the launch of an online stock offering to allow legal tech entrepreneurs and lawyers to invest in the company, it has discontinued the offering, announced staffing cuts and told vendors to expect service delays as a result.

“We are working with our law firm clients and the vendors on the platform to ensure we manage through the head count and cost reduction necessitated by market conditions,“ Andrew Klein, the CEO of Reynen Court, told Legaltech News.