Big Law’s Crypto Bet Is Paying Off—Just Not How Lawyers Expected

December 1, 2022, 10:30 AM UTC

Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. Today, we look at how Big Law restructuring partners are reaping the benefits of the crypto meltdown. Sign up to receive this column in your Inbox on Thursday mornings.

This is not what Big Law firms had in mind when they started hiring crypto lawyers.

The most obvious tell: bankruptcy practitioners don’t lead the crypto groups.

As Bitcoin boomed and blockchain evangelists spoke of a technological revolution, large law firms poured in, seeking to be the trusted advisors to a fast-growing ...

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