One of my law students recently raised this question to me: Could a lawyer allow payment for legal services in Bitcoin? It’s not a question I’ve ever gotten before and it’s a good one. Bitcoin is digital currency and it’s not managed by any central authority but the transactions occur through Bitcoin miners which is basically a server that communicates and confirms the transaction and records it on a ledger. They can be transferred by mobile devices. Recent articles have suggested that eBay and Paypal may open up their sites to the use of Bitcoin.

Attorneys considering opening a virtual law practice should take a look at Susan Cartier Liebel’s recent blog post “Is Now The Perfect Time To Start Your Solo Practice?“  The post is motivational and gives great examples of why and how attorneys may make the most of the economic downturn to create innovative law practices.  Along [...]

Accepting credit card payments from clients has come up several times recently on the ABA’s Solosez listserv. Some list members were questioning whether it was ethical to accept client funds online if the funds were meant to be held as a retainer. By most state bar regulations, a retainer should be held only in the [...]