There is a shortage of skilful lawyers with practical knowledge of Web3, who can help shaping the projects of tomorrow.
In a soon to be regulated Web3, off-chain lawyers with the sole goal to prevent competition and danger that classic institutions face from Web3, do not seem a progressive choice.
The classic image that Law Firms fight to preserve is one of power, showcased in golden palaces covered in expensive artwork. Ultimately, it is the client that pays for it.
Big Law is tied up in a rigid hierarchy which makes it difficult for talent to emerge.
It is time to get rid of the outdated legal culture, a monopolised market and rigid rules.