Will digital currencies become mainstream in legal services?

A professional services marketplace in which digital currencies are mainstream is “rapidly approaching ”, and Australian law firms have to be ready, says one national firm partner. 

On this episode of The Lawyers Weekly Show, host Jerome Doraisamy welcomes back Piper Alderman partner Michael Bacina to discuss new-age currencies such as bitcoin and dogecoin, their value, and overcoming accounting issues and societal stigma in order to achieve widespread adoption of such currencies by professionals and firms.  

Mr Bacina talks about his firm’s introduction of such payment methods – noting it was a client-led process – what other firms can learn from Piper Alderman’s experience thus far, and espouses more broadly about blockchain-driven processes and how they are set to up-end how legal businesses operate in the near future. 

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