Pouncing on a growing business opportunity, law firms are expanding their financial technology-related practices and snapping up attorneys with relevant expertise.
Since the beginning of 2019, at least 26 lawyers with some fintech expertise have joined Am Law 200 firms as partners, according to ALM data. That’s on top of a similarly high pace of fintech partner hires during the first six months of last year and appears to be higher than the number of fintech partner moves in the first halves of 2016 and 2017.
As a result of the client interest, law firm demand for lawyers with fintech experience or to work on fintech teams has increased during the last three to four years, according to Jeff Lowe, the global practice leader of Major, Lindsey & Africa’s law firm practice group.
Fintech is “nascent but growing, and a really great area for young lawyers,” Lowe said. “It’s here to stay.”