Why Pay with Cryptocurrency?

We allow clients to pay legal fees with cryptocurrencies for two reasons. First, paying with crypto may be more convenient for some clients. Second, we are supporting the idea of cryptocurrencies as part of a diverse money system for the future. Cryptocurrencies have many advantages. Cryptocurrencies are decentralized from government control. Cryptocurrencies can provide a hedge against inflation. Cryptocurrencies have lower transaction fees than credit cards.

How Do You Pay with Cryptocurrency?

Paying with a cryptocurrency is easy:

You ask our firm to pay using a Bitcoin, Ether, or another approved cryptocurrency.
We provide you with our public key.
Payments are initiated by you.
We notify you when the funds are received.

How Are Crypto Payments Recorded?

When our firm receives a crypto payment from a client, the payment is immediately converted to U.S. dollars, credited in U.S. dollars to the client’s account in our law firm’s accounting records, and recorded as a payment on the client’s billing statement.

Which Coins are Accepted?

Currently, we accept Bitcoin, Bitcoin Cash, DAI, Ether (Ethereum), Litecoin, and USD Coin. If you prefer to pay with a specific altcoin, you may contact our office with your request.

Are Crypto Payments Anonymous?

Payments with cryptocurrencies are recorded at our financial institutions along with other types of payments. Our law firm maintains full accounting records. Our law firm is regulated by state and federal government authorities and must maintain full legal compliance with state and federal laws, so in the case of a government investigation or audit, our law firm may need to provide access to government investigators or auditors.

How are Crypto Payments Reported with Government Authorities?

Our firm complies with tax law and ethics rules. For example, our firm immediately values cryptocurrency received based on the U.S. dollar conversion rate. These funds are compiled with other law firm income to report total income for tax purposes. If the law requires funds to be held in a trust account, funds are converted to U.S. dollars and held in an IOLTA trust account in a state-approved bank.