Do you or your law firm accept bitcoin or other cryptocurrency for payment?
In 2013, a handful of large law firms started accepting payments in bitcoin. Today it’s more commonplace—lawyers understand cryptocurrency better. Ethics authorities have weighed in on accepting bitcoin payments. And digital-currency clients seeking legal representation wish to pay their fees this way.
“If I’m willing to accept it, it’s easier and in a lot of ways better for me, because I can get more rapid payment,” Carol Van Cleef, a Washington, D.C. lawyer who has represented cryptocurrency clients for a decade, told Legaltech News.
A possible downside of bitcoin is its volatility—the value of a single bitcoin, thus your fee, can change from day to day, depending on when you convert it to cash.
This week, we’d like to ask you: Do you or your law firm accept bitcoin or other cryptocurrency for payment? If you have never had a client offer to pay with digital currency, would you take such a fee payment if it were offered?
Answer in the comments.
Read the answers to last week’s question: Which judge is the best writer?
Posted by Fullandbye: “Toss-up between Benjamin Cardozo and Elena Kagan. Cardozo for his pithiness. The start of Palsgraf reads like a Hemingway novel, and ‘the timorous may stay at home’ line from Steeplechase is legend. Kagan for her phenomenal topic sentences and her wit. Everyone should read her Yates v. United States dissent. She cites to Dr. Seuss and becomes (I think) the first justice to do so.”
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