Blockchains are encrypted public ledgers and the underlying technology behind Bitcoin transactions. The impact of blockchains on legal services is twofold. On one hand, blockchain technology is likely to revolutionize the legal industry by changing the landscape for contract attorneys. It will not only keep records and transcripts immutable, but is also anticipated to bring a structured approach to the whole process. On the other hand, usage of blockchains across industries is driving the need for new regulatory boundaries and serves as a potential driver to a new service line emerging within the legal industry. Services like intellectual property are anticipated to get the most leverage out of this technology, as applicants can submit their trademark-related details through blockchain systems and, based on specific algorithms, the system can grant or dismiss it. An impermeable audit trail is a key trait that will encourage the use of this technology in legal services, with some firms, like Steptoe & Johnson and Hogan Lovells, already showing interest to try out the concept.