More law firms are accepting Bitcoin payments; good business decision says Jordan Rose, Rose Law Group founder and president

By Sara Merken | Bloomberg Law

More large law firms are accepting bitcoin payments for their legal services, signaling the digital currency’s firmer foothold in corporate America.

Representatives from firms such as Steptoe & Johnson LLP, Frost Brown Todd LLC, and McLaughlin & Stern LLP told Bloomberg BNA that they started the new payment option to meet the demand of clients that deal with cryptocurrency assets. Accepting bitcoin may also help the firms attract new clients, they said.

It is “not surprising that law firms that counsel companies that handle cryptocurrency or are looking for advice on cryptocurrency-related issues would be accepting cryptocurrency themselves,” Alan Cohn, co-chair of Steptoe’s Blockchain and Digital Currency practice, told Bloomberg BNA.

“Law firms are ultimately going to follow the demands of their clients,” Cohn said. Steptoe started accepting bitcoin about a year ago.


Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

Court Rich, Rose Law group co-founder, Director of Renewable Energy & Utility Infrastructure, celebrates 20 years of sustainability in the legal field

By InBusiness Phoenix Court Rich, Co-Founder of Rose Law Group pc, is celebrating twenty years since joining the firm. Under Court’s guidance, Rose Law Group has become a leading firm for renewable energy and regulatory law in the Southwest. When Court joined in 2004, the firm had just two attorneys. Today, it boasts a

Read More »
September 2017