![]() ![]() ![]() Kirkland & Ellis, the world’s largest law firm by revenue, acknowledged in a July court filing that some of its lawyers are customers of crypto broker Voyager Digital Holdings Inc. ![]() This is particularly important when small crypto clients share material, nonpublic information about their growth plans, she said. The key is to avoid even the possibility of insider-trading scrutiny by being cautious and doing the right thing, Klayman said. Klayman, the US head of fintech, blockchain and digital assets for Linklaters in New York, said she limits her investments, as “I do not wish to be a speculator in the market.” She opened multiple digital wallets to help improve her guidance to clients, she said, adding: “I don’t know how lawyers could do this without knowing how it all works.” The firm’s conflicts policy also prohibits individuals from engaging in activities, generally, that would “bring direct or indirect profit to the individual at the expense of Hogan Lovells or a client.” Hogan Lovells attorneys “certify that they do not trade on material nonpublic information gained while at the firm,” a firm spokesperson said in a statement. Some make calls based on firms’ general cautions to avoid mixing their own finances with client business interests.Ĭrypto investing is “not permitted or prohibited” at Hogan Lovells, said Liz Boison, a Washington-based partner with the firm. Lawyers are following their own paths when it comes to crypto investing in the absence of clear firm guidance and a dearth of federal regulations. “I’ve also known others who bet big and lost everything.” “I’ve known more than a couple lawyers who made a ton of money” investing in crypto, said Stephen Palley, co-chair of Brown Rudnick’s digital commerce group in Washington. Lawyers including Joshua Ashley Klayman of Linklaters and Joe Cutler of Perkins Coie confirm they have purchased Bitcoin, and in Cutler’s case Ethereum as well, and others say they have opened crypto wallets to become acquainted with the technology. Big Law attorneys are feeling free to buy cryptocurrencies-and some are doing so-as most firms lack policies that restrict investments in digital assets. ![]()
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