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Gunnercooke, A Uk Law Firm, Has Announced That It Now Accepts Crypto Payments

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Gunnercooke, a law practice in the United Kingdom, claims to be one of the country’s first large law companies to accept cryptocurrency payments. 

According to a source, Gunnercooke, a commercial law firm based in the United Kingdom, has become the latest practice to accept cryptocurrencies as payment for services. The firm also claims to be one of the first big legal firms in the United Kingdom to offer its clients payment options.

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According to a report in the Law Society Gazette, Gunnercooke will now send any such payments through Coinpass, a registered cryptocurrency exchange platform. According to the report, Attestant, a cryptocurrency transaction verification service, is one of the legal firm’s clients that pay for services with cryptocurrencies.

Naseer Patel, financial director at Gunnercooke, explained the reasons for the legal firm’s decision to take cryptocurrency in his comments following the firm’s formal confirmation. According to the investigation, Patel stated:

“Up to now, only a few U.S. law firms allow for crypto-asset payments, so we are proud to be at the forefront of innovation in the U.K. — 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.”

Meanwhile, the paper said that numerous other specialist practices, including Quinn Legal, have previously indicated their intention to accept cryptocurrency payments. However, according to the study, some law firms are hesitant to take highly volatile cryptocurrencies as payment.

On the other hand, an anonymous Solicitors Regulation Authority official is claimed to have stated that “how firms get paid is not something within our remit, as long as it’s legal.”