The UK arm of Taylor Wessing, the 1,100-lawyer global firm, launched an employee incentive scheme powered by blockchain tokens. Staff can award the firm’s LAW Tokens to other lawyers whom they judge as making a strong contribution.
Recipients can only trade the tokens with other lawyers given there is an Allowed List to access the coins. Alternatively, they can redeem them with the law firm for non cash benefits such as vouchers. Or they can use the tokens to make charitable donations.
Rather than making the experience super user friendly, lawyers in the corporate, IP and financial services teams must use the Metamask wallet. That’s a useful learning curve, which is one of the primary objectives.
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