The Great Crypto Lawyer Brain Drain
Lawyers are being pulled into crypto startups at an astonishing rate. On nearly a daily basis, we are seeing high quality founders/projects seeking to hire lawyers in the space. Over the last month, TechGC has seen no less than ten of our high profile General Counsel members leave unicorn/high-flying companies to join crypto related startups/funds and this seems to be just the beginning.
With the recent regulatory crackdown and the sheer amount of money and number of project in the crypto space, demand for qualified lawyers is high. Meanwhile, given the required qualifications and the personal risk involved for a lawyer in the crypto space, there are relatively few such candidates.
For those seeking to hire a “crypto-lawyer,” here are some things to keep in mind to structure the roles properly and attract the top talent: