The Securities and Exchange Commission’s recent lawsuits against crypto companies—and the Big Law firms defending them—is the latest indication that the industry will be a growing source of work and revenue for Big Law.
Attorneys in law firm cryptocurrency and securities investigations practices have reported a growing volume of work in advising crypto companies in litigation, enforcement, restructuring, bankruptcy work and lobbying.
“We continue to see robust demand from clients in the crypto industry for regulatory compliance across a variety of disciplines, litigation, and public policy counseling,” said Coy Garrison, a partner in Steptoe & Johnson’s blockchain and cryptocurrency and financial services practices. “We are confident that this industry will not go away and that the implementation of new regulations for this industry will help foster its growth over time.”
Source: Big Law Bets on Crypto as Industry Faces More Regulatory Heat | Law.com
