McLaughlin & Stern LLP, headquartered in New York City, with offices in West Palm Beach, Florida, Millbrook, New York and Great Neck, New York, is one of the first major law firms in the United States to accept bitcoin as payment.
“We are excited to offer our clients a new way to pay. We believe it is important that if we want to be on the cutting edge of the law and technology, we must adapt and apply the law to these new technologies. By accepting bitcoin, we hope to demonstrate that there is no tension between innovation and prudence. The best companies in this space that we engage with are especially sensitive to complying with the law and we have been there to help guide them in the process,” said Michael Paradise, a member of the Firm’s Executive Committee.
The law firm is partnering with Coin.co Systems LLC, a New York based merchant processor. Coin.co works with large businesses enabling them to accept bitcoin from their customers, yet receive US dollars into their bank accounts. Coin.co provides regulatory guidance and heightened diligence on its clients’ bitcoin transactions.
McLaughlin & Stern LLP was founded in 1898 and is a full service general practice firm serving middle market enterprises, entrepreneurs and prominent individuals.