Commercial firm to accept crypto payments

The Law Gazette

21 February 2022

1. Use Channels that Balance Lawyer and Client Communication Needs.

It claims to be the first major law firm in the UK to offer clients the choice.

Payments will be routed through Coinpass, a cryptoasset exchange registered with the Financial Conduct Authority. The firm said it expects the option to be popular with clients in the cryptoasset sector. The gunnercooke announcement cites Attestant, a cryptocurrency transactions verification service, as one that is paying by Ethereum.

Gunnercooke expects the option to be popular with clients in the cryptoasset sector

Several niche practices, including Isle of Man firm Quinn Legal, have previously announced that they will accept payment in cryptoassets, however the sector as a whole is wary. One issue is the volatility of exchange rates: Bitcoin has dropped from a high of £47,700 to £28,205 in recent months.

Naseer Patel, finance director at gunnercooke, added: 'Up to now, only a few US law firms allow for cryptoasset payments so we are proud to be at the forefront of innovation in the UK. We will now be able to work with a wider variety of clients across different jurisdictions, plus offer our partners the flexibility to be paid securely in the way they choose.'

The Solicitors Regulation Authority said it has no position on payment in cryptoassets. 'How firms get paid isn’t something within our remit, as long as it’s legal,' a spokesperson said.

For more information on how Advantage365 can help your law firm, please call us on 0121 212 6580 or request a free call-back using our contact form to get free initial advice. You can also access a wealth of free business information for lawyers by visiting our digital Resource Centre and view our free Business Factsheets

Alternatively, please subscribe to our services here or book an online consultation here, or email us on