A US-based business law firm Greenspoon Marder has opened up a blockchain practice division in Miami with the sole aim of providing an advisory role to blockchain related businesses, according to a press release.
In order to fit into the scope of an emerging digital tech marketplace, and a rise in the demand of legal practitioners, Greenspoon Marder launched its Blockchain, Digital Assets and Technology Transactions practice group situated in its Miami office and to be headed by its newest partner Katya Fisher.
Speaking about the new development, co-managing director of Greenspoon Marder, Gerry Greenspoon said:
“Blockchain technology has the potential to revolutionize the way the world does business. Our firm is committed to remaining forward-facing in the evolving areas of law, including blockchain, so we can continue to meet the ever-changing business landscape affecting our clients.”
Greenspoon Marder hopes to gain an advantage by leveraging its multidisciplinary and extensive experience to port into the blockchain legal market. The new division will allow the firm to manage their prospective clients who want to onboard blockchain technology into their business processes by offering its services in related subject matters such as corporate securities, business, government relations, labor and employment, regulatory compliance and taxation.
The firm also claims to have renowned expertise in real estate, entertainment, litigation, and cannabis and would use this to help their clients navigate the opportunities the blockchain ecosystem provides.
Fisher, who will be managing the firm’s new division, has professional and community experience that spans a couple of organizations including IBM blockchain accelerator. She has apparently secured her firm’s confidence as the other co-managing director of the firm Michael Marder attests: “Katya’s vast understanding of the complex legal challenges that face companies implementing blockchain technology made her the perfect fit for the launch of the practice.”
Recent reports revealed the high rise of demand in legal practitioners with expertise in blockchain technology and its underlying emerging asset class, with a majority of practitioners having to saturate the cryptocurrency field exclusively from a regulatory practice angle.
Earlier this month, the US Securities and Exchange Commission (SEC) was reportedly seeking out an Attorney-Adviser for its Division of Trading and Markets (TM) to provide expertise and coordination related to crypto and digital asset securities at the division.
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