Cahill Bolsters Crypto Unit, Adds DLx Law's Cohen & Team

Cahill Gordon & Reindel enhances crypto legal services with the addition of three crypto-native lawyers, aiming to lead in regulatory expertise.

By Alex P. Chase

5/15, 06:11 EDT
Bitcoin / U.S. dollar

Key Takeaway

  • Cahill Gordon & Reindel expands its crypto practice by adding three crypto-native lawyers, including Lewis Cohen from DLx Law, aiming to become a comprehensive legal advisory for cryptocurrency companies.
  • The move signifies a growing demand for specialized crypto legal advice among traditional finance entities and aims to simplify client experiences by offering a "one-stop shop."
  • The addition of these lawyers is expected to enhance the firm's understanding of complex crypto technologies and regulatory challenges, positioning CahillNXT as a leader in the field.

Cahill Expands Crypto Legal Team

Cahill Gordon & Reindel, a prestigious law firm known for its influence on Wall Street, has strategically bolstered its digital assets and emerging technology practice by incorporating three seasoned crypto-native lawyers into its ranks. This move underscores the firm's commitment to becoming a comprehensive legal advisory powerhouse for cryptocurrency companies navigating the complex regulatory landscape. Lewis Cohen, co-founder of DLx Law, steps in as a partner and co-chair of the newly dubbed CahillNXT practice, alongside Samson “Sam” Enzer, a former prosecutor with the Southern District of New York (SDNY). Joining Cohen are Gregory Strong and Sarah Chen, also from DLx Law, who will serve as partners, enhancing the firm's capabilities in addressing the burgeoning demand for specialized crypto legal services.

The Crypto Legal Dream Team

Sam Enzer, who laid the groundwork for Cahill's digital assets practice, likens the new team to the NBA's legendary Chicago Bulls, aiming to dominate the crypto legal field with a blend of expertise in litigation, government enforcement actions, and regulatory advice. The practice already boasts high-profile clients, including figures involved in major legal controversies within the crypto space and leading companies like Coinbase. The addition of Cohen, Strong, and Chen is expected to streamline the provision of nuanced legal advice, addressing a critical market need for integrated services that understand the intricacies of blockchain technology and cryptocurrency regulations.

Bridging Legal and Technological Gaps

The collaboration between Cahill and the team from DLx Law is designed to eliminate the fragmentation currently plaguing clients seeking crypto-competent legal guidance. By consolidating a range of specialized services under one roof, CahillNXT aims to offer a more efficient and cost-effective solution for companies in the digital asset space. This initiative not only simplifies the legal consultation process but also enriches the firm's internal expertise, ensuring that attorneys are well-versed in the technical aspects of blockchain technology, from multi-signature wallets to smart contracts. Furthermore, the inclusion of a non-lawyer computer programmer as a consultant signifies Cahill's innovative approach to bridging the gap between the digital and legal realms, enhancing their ability to navigate regulatory mazes with technical precision.

Management Quotes

  • Samson “Sam” Enzer, former SDNY prosecutor and co-chair of CahillNXT:

    "When I was a kid, the [Chicago] Bulls were the leading team in the NBA. That’s what this is – this is the crypto legal Dream Team." "We worked together for years. With the explosive demand for our services, and the burgeoning demand for the specific advice that Lewis [Cohen] and his team offer, we thought it made sense to combine." "One of the big frustrations for clients is that they don’t really have a one-stop shop that they can go to to find crypto-native lawyers who speak the language, understand the technology... it makes it very difficult for clients and more expensive, frankly, because they end up having to retain multiple law firms to get what they need." "Many big firms who dabble in this space do not speak the language, do not understand the tech, and therefore miss opportunities to make best arguments for their clients."

  • Lewis Cohen, co-founder of DLx Law:

    "Part of our mission here is educational. We very much believe in open source blockchain ethos and we really want to bring that DNA into our practice."