The Blockchain-Enabled Law Firm
Law firms are faced with significant challenges as a result of technology friction within their firms, with co-counsel, and with clients’ in-house counsel, including problems of systems interoperability, data reconciliation, and security concerns. Blockchain technology has the potential to help resolve these issues.
While legacy technology employed by law firms is not able to natively interact with and support blockchain projects and blockchain companies, blockchain technology can be integrated into almost any modern software application. This means that any law firm, larger or small, can become a blockchain-enabled firm. With dozens of use-cases already available or in development, law firms will be able to immediately start taking advantage of blockchain solutions.
Full documentation on becoming a blockchain enabled law firm will be provided upon request to all GLBC participants that have signed the Memorandum of Understanding.
If your organization hasn’t yet signed the MOU, click here to send an email and get the process started.