The increasing adoption of Bitcoin and Blockchain technology is forcing businesses to evolve. Many businesses have started exploring the potential use of blockchain technology in their operations. As they prepare for a drastic shift from conventional practices, there are many legal implications that need to be considered. To keep up with the changing requirements of its clients, Steptoe and Johnson has announced a shift in its practice as well. Steptoe and Johnson is a leading international law firm that employs over 500 lawyers across the world. The firm has been active in blockchain practice for a while now. However, the practice was confined to Bitcoin and blockchain technology related businesses so far. The recent shift from blockchain practice to a full-fledged multidisciplinary practice allows Steptoe and Johnson to work with clients from various industries on blockchain related applications. A new team has been formed by the law firm to assist its clients in preparation and implementation of Bitcoin technology. Members of this new multidisciplinary blockchain practice team include former Deputy Assistant Attorney General with the US Department of Justice – Jason Weinstein and Alan Cohn who has formerly served as an Assistant Secretary at the Department of Homeland Security. The Chairman of Steptoe and Johnson, Philip West says, “Steptoe has been a leader in this industry since day one. With Alan and Jason, we already had one of the best-regarded blockchain teams of any major law firm, By combining our firm’s blockchain experience with seasoned lawyers across industry sectors, Steptoe believes it can provide a unique set of services to a wide array of clients, helping them not only understand this technology but also determine the feasibility of applying this technology in their business and sector, and ultimately, utilizing this technology in the most efficient, secure manner in compliance […]
