If you are considering purchasing software or a service from vendor, consider whether its founder or founding team has walked a mile in your shoes. Do they have experience as an in-house attorney? If so how much?
Even companies that may bounce back completely after the pandemic have loaded up on extra debt, including drawing down credit facilities, to weather these times. As a result of these trends, many companies are going to need to restructure their balance sheet and will likely use the bankruptcy process to do so.
Every week there is an announcement about a new AI tool, which you are welcome to purchase, install, interconnect with your other systems, train, and validate. It’s a lot like buying ready-to-assemble furniture: The pictures often do not match the results.