Clients can now settle bills through Bitcoin, Ethereum, USD Coin, Tether and Diem
Chamberlains is allowing clients to settle their legal bills with digital currency.
Effective 16 June, the firm began taking payments made through Bitcoin, Ethereum, USD Coin, Tether and Diem. The move is a response to the firm’s trend of modernisation and its desire to cater to its growing pool of cryptocurrency clients.
“We continue to listen to our clients’ needs and seek innovative solutions to their problems. The fact that Chamberlains is now accepting cryptocurrencies as payment for our services is another significant step in this direction,” managing director Stipe Vuleta said.
Chamberlains has been honing its expertise in the cryptocurrency sector with support from its commercial, tax and litigation groups. The firm’s cryptocurrency team is headed by senior associate Harrison Dell, who specialises in tax matters.
The team has tackled cryptocurrency issues related to taxation law and superannuation law, regulatory status, disputes and litigation and wills and estates. The group has also taken on work related to compliance with AUSTRAC and anti-money laundering and counter terrorism financing laws.
Moreover, the team works with innovators, investors, promoters and asset managers.
“The specialised practice area, and the acceptance of crypto payments, presents Chamberlains with the opportunity to further its reach of new clients and to continue broadening its scope of expertise,” Chamberlains said.
Vuleta said that he was proud to be “part of a firm which is embracing the new economy.”