Stephen Palley, a lawyer in Washington D.C., known for his wry tweets about the industry's travails, has started a blockchain and cryptocurrency practice with an unusual focus.
The new 10-person team at Anderson Kill will concentrate on mediating disputes and what people in the traditional finance world call "workouts" – that is, resolving distressed situations.
It's a fitting mission for Palley, who has long voiced skepticism about the just-do-it mentality of some tech innovators. In his view, many projects are forging ahead without first thinking through dry but critical matters such as governance, indemnification, directors and officers insurance and so on.
This creates a need for lawyers who can help companies stay out of trouble – or get out of it.
As Palley told CoinDesk:
"I'm the guy you talk to before you get started, or after you have problems because you didn't talk to someone like me first."
To view the full article: Crypo Cleanup: Law Group to Focus on Tech Messes