February 15, 2022
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Arent Fox Buys Property in the Metaverse, Becoming First Big Law Firm With Serious Presence in the Virtual World | The American Lawyer - The American Lawyer

NFTs on screen. A nonfungible token (NFT) is a unique digital asset that represents ownership of real-world items like art, video clips, music, and more. (Credit: Rokas Tenys/Shutterstock.com)

What You Need to Know

  • Arent Fox is building a virtual office and presence in the metaverse.
  • Lupo said the move into the virtual world was precipitated by client demand and the desire to be a first-mover.
  • Arent Fox has already helped several clients develop a presence in the metaverse, including PwC, Diesel and Victoria's Secret.

In what is understood to be the first substantial move of a Big Law firm into the virtual world of the metaverse, Washington-headquartered Arent Fox has bought a digital plot of land and is opening a virtual office.

Anthony Lupo of ArentFox Schiff. (Courtesy photo)

In an interview with The American Lawyer, firm chair Anthony Lupo said the firm chose to set up shop in the metaverse because that’s where its clients are moving.

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source: https://www.law.com/americanlawyer/2022/02/15/arent-fox-buys-property-in-the-metaverse-becoming-first-big-law-firm-with-serious-presence-in-the-virtual-world/

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