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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.

user iconRobyn Tongol • 14 May 2021 • Podcast
Michael Bacina
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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.  

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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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