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Justin Steffen Quoted in <i>The American Lawyer</i>: "Fintech Partners Are in High Demand as Practic Justin Steffen Quoted in <i>The American Lawyer</i>: "Fintech Partners Are in High Demand as Practic

Justin Steffen Quoted in The American Lawyer: "Fintech Partners Are in High Demand as Practice Heats Up"

Justin SteffenIce Miller LLP partner Justin Steffen was quoted in The American Lawyer article, "Fintech Partners Are in High Demand as Practice Heats Up." 

The article included: 

Justin Steffen, who moved in January from Jenner & Block to Ice Miller, has also observed higher demand in the legal industry for fintech expertise, especially in the last couple of years.

Steffen, who teaches a fintech law class at Loyola University Chicago School of Law, said while he considers
fintech to be a broad term including "anyone who deals with money and does so with new or interesting
technology," it’s only in the last year or so he has seen a few law schools specifically teach that application of
the law. For instance, spring 2019 was the first semester Loyola offered the class, he said.

"It has moved from a novelty to an actual, legitimate practice," he said.

Right now, much of the demand is for regulatory and transactional work, Lowe and other recruiters said.
They, along with fintech partners who joined new firms this year, said there is also demand for attorneys
with broad expertise in multiple areas that complement financial technology, such as intellectual property,
compliance, finance and data privacy.

For example, Steffen, a litigator, became passionate about fintech on his own time. In the coming years, he
said he expects his litigation expertise paired with his fintech passion will become more valuable to
clients. "You need to have a lot of different disciplines, because issues aren’t necessarily housed in one sort
of space," he said.


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