Legal Experts With Blockchain Tech Knowledge Highly Demanded
Major, Lindsey & Africa managing director Brian Burlant says demand for legal experts with blockchain technology knowledge is high. Brian recruits for law firms and in-house legal departments. The news was published by Law.com on April 17th.
According to Burlant, law firms are having difficulty keeping up with cryptocurrency and blockchain industry demands for lawyers because of a lack of candidates who really understand the technology. Burlant said that a lot of lawyers enter the space from regulatory practices or government, where they were engaged specifically in practices related to cryptocurrencies.
Burlant stated that “for law students and those early in their legal careers, coupling a practical business approach with a working understanding of the technology is a good way to go.” He further advised that law students focus on blockchain, and not on cryptocurrencies, as blockchain “will be a game changer.” Mary K. Young, a partner at Zeughauser Group,said:
“I think that the blockchain space was extremely popular for lawyers toward the end of 2017, and then the cryptocurrency crash happened, and a lot of lawyers who were working in crypto or blockchain went back quietly to whatever they were doing before, like Silicon Valley in the ’90s.”