Its pace of in-house additions accelerated after Grewals appointment, as Coinbase sought to build out a compliance, legal, and regulatory apparatus ahead of a potential public listing. Mesele is the second former Wachtell associate to take a general counsel job in the financial services world in recent weeks. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. Our Team Account subscription service is for legal teams of four or more attorneys. Coinbase Inc., a fast-growing cryptocurrency exchange eyeing a potential initial public offering, has made another high-profile legal recruit. Contact Us| Finance Magnates recently learned that Christian Sabella, an executive veteran in the fintech industry, has been named by Coinbase, a US-based Cryptocurrency Exchange, as its new Senior Director and Associate General Counsel of the exchanges capital markets division. To view this content, please continue to their sites. Coinbase Global Inc., the largest U.S. cryptocurrency exchange that expects to go public in April, has brought on veteran Morgan Stanley lawyer Ian Rooney as its new As Nillions only in-house Coinbase disclosed McCullaghs hire along with its addition of deputy general counsel for litigation Katherine Minarik, who recently came aboard after serving as Americas legal chief at Dyson Ltd. Centre. Not a Bloomberg Law Subscriber?Subscribe Now. Danas Cohen was previously general counsel at Orchard Platform Markets LLC, a lending data and services startup sold in 2018 to Kabbage Inc. She then spent more than two years as legal chief for Velocity Markets Inc., a digital asset startup sold this past November to San Francisco-based Securitize Inc. A trio of other in-house additions joined Abraham and Rooney at the company this month. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. Terms of Service. Grewal earned a Bachelor of Science degree civil and environmental engineering from the Massachusetts Institute of Technology in 1993, where he was elected to Tau Beta Pi and Sigma Xi. Los Angeles. Shirzad, who started his career as an associate at Robins Kaplan and Skadden, Arps, Slate, Meagher & Flom in Washington, didnt respond to a request for comment about his decision to leave Goldman for Coinbase. Cohen most recently was general counsel at Mark43, a public safety platform. [3], Grewal was a former president of the South Asian Bar of Northern California and the Northern American South Asian Bar Association. Customer Service| Coinbase landed Valerie-Leila Jaber, a former managing director for financial crime compliance at Credit Suisse AG, in June as global head of anti-money laundering. Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments. Your article was successfully shared with the contacts you provided. In two statements posted Monday on his LinkedIn profile, Shirzad said that after 15 years at Goldman he was drawn to Coinbase by the companys potential to revolutionize financial services. [5] Grewal was approved to join the Board of Directors for Zapproved, an electronic discovery software provider, in July 2021. Facebook deputy general counsel Paul Grewal is joining Coinbase. https://www.law.com/corpcounsel/2021/05/10/how-coinbases-legal-team-expanded-at-crypto-speed-navigated-public-debut/. About Us| WebAfter working at Fannie Mae, Brooks was Chief Legal Officer of Coinbase from 2018 to 2020. Join team who receives, tracks, investigates, prepares evidentiary presentations, attempts to settle, and, where necessary, litigates litigation and regulatory matters brought against Coinbase. Several former Coinbase lawyers are now in regulatory positions. Law Offices of Gary Martin Hays & Associates That deal saw Tagomi general counsel Dhawal Sharma join Coinbase as an associate general counsel and Tagomi deputy general counsel and chief compliance officer Alan Reed come aboard as a senior manager for financial institutions. Cohen most recently served as associate GC at Coinbase. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Engage and manage outside counsel to effectively and efficiently represent Coinbase. All Rights Reserved. Join team who receives, tracks, investigates, prepares evidentiary presentations, attempts to settle, and, where necessary, litigates litigation and regulatory [4], Grewal is the former president of the National South Asian Bar Association. Site Map, Advertise| Company co-founder and CEO Brian Armstrong could reap a $3 billion windfall from the listing. As Coinbase continues to be the bridge between the cryptoeconomy and the traditional financial system, implementing industry-leading compliance programs will be critical to earning and maintaining the trust of our retail and institutional customers, Grewal said. A Corporate Counsel Guide to Successful Contract Lifecycle Management, ADA Demand Letter Playbook: Your Guide to Responding and Reducing Future Risk, Women, Influence & Power in Law (WIPL) 2023, The American Lawyer Industry Awards (TALIA) 2023, Women, Influence & Power in Law UK Awards 2023, WORKERS COMPENSATION ATTORNEY - Hartford, CT, Offering an Opportunity of a Lifetime for Personal Injury Lawyers, What Does Your Business Agreement Really Mean? Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? On this Wikipedia the language links are at the top of the page across from the article title. San Francisco-basedMilana McCullagh, most recently the senior director of legal at Google, was named deputy general counsel of product and commercial. Don't miss the crucial news and insights you need to make informed legal decisions. To view this content, please continue to their sites. Coinbases current stock price was $293.45 as of Monday evening. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. Former Fenwick associates Douglas Sharp and Lisa Richards were hired by the company over the summer in corporate counsel roles. Copyright 2023 ALM Global, LLC. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. As part of its going-public process, Coinbase disclosed some potential legal liabilities it faces from state and federal probes of its operations. Strait joins Coinbase as it prepares to go public. https://www.law.com/corpcounsel/2022/10/11/nillion-taps-ex-coinbase-legal-leader-to-serve-as-general-counsel/. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! Learn more about a Bloomberg Law subscription. Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain Life moves pretty fast, as Ferris Bueller famously said, but the rapid pace of life at Coinbase, much like the crypto world in general, is on a different level. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. [3] In private practice, Grewal was also a registered patent attorney admitted to practice before the United States Patent and Trademark Office, and he performed re-examinations for his clients, which included independent inventors and companies in the high-technology, biotechnology, medical device, and financial firm/service spaces. That same month Coinbase hired former E*Trade Financial Corp. associate general counsel Kirill Kan as a senior counsel and picked up a senior director of legal in Leah Bressack, who worked with Grewal at Facebook, where she was an associate general counsel and strategic counselor to the general counsel. Grewal, a Site Map, Advertise| 16 June 2021 Christian Sabella (pictured) joins Cryptocurrency company, Coinbase as senior director and associate general counsel. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. About Us| Deok Keun Matthew Ahn left his role as an associate general counsel at Coinbase in October to become deputy general counsel at Zumper Inc., an apartment rental startup whose legal chief is former Coinbase lawyer Aaron Hou. Learn more about a Bloomberg Law subscription. LexisNexis and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information. P.C. Christian Sabella (pictured)joins Cryptocurrency company, Coinbaseas senior director and associate general counsel. Coinbase currently lists on its website openings for at least 10 legal and compliance positions in Berlin, London, New York, San Francisco, and Tokyo. Customer Service| Coinbase to Lose Dozens of Staffers Over Ban on Politicking (1), Crypto Firms Grow Legal Ranks With Dyson, Goldman Recruits (2), Andreessen Horowitz-Backed Crypto Vault Adds New Legal Chief (1), Crypto Firm Circle Hires New Top Lawyer as Regulation Looms (1), Krakens Legal Chief Has No Time to Educate Firms About Crypto, Paul Grewal as its new chief legal officer, roughly 60 employees taking exit packages, Ex-Googler Milana McCullagh tapped as deputy general counsel, Crypto exchange sees some leave due to new work politics ban. Latham & Watkins is representing financial advisers on Coinbases direct listing. Learn more about a Bloomberg Law subscription. Ross Todd, The Recorder, Judge Grewal to Leave Bench for Facebook. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! Nillion is a Web3 startup founded in 2021. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? All four lawyers join Shirzad, a global co-head of government affairs at The Goldman Sachs Group Inc. hired by Coinbase to be its top in-house lobbyist. USV, co-founded by partners Fred Wilson and Brad Burnham, invested $2.5 million in Coinbase back in 2013. Our growing legal team is building out its litigation practice. Beijing-based OKCoin legal counsel Phoebe Gan and Megan Monroe-Coleman, a former senior director of compliance at Coinbase who OKCoin hired more Crypto Giant Binance Seeks In-House Lawyers As Probes Pile Up, Davis Polk Assists Galaxy Digital on $1.2 Billion BitGo Deal, Novogratzs Galaxy Buys BitGo in $1.2 Billion Crypto Deal (1), Fenwick & West Sees Coinbase Listing as the Start of Crypto Work, Coinbase Selloff After Trading Debut Spills Into Bitcoin Rally, Cryptocurrency exchange adds policy chief from Goldman Sachs, Coinbase also hires lawyers from Walmart, OKCoin, Capital One. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. [8], On May 12, 2016, it was reported that Grewal would leave the bench in June 2016 to join Facebook as their vice president and deputy general counsel. Our Team Account subscription service is for legal teams of four or more attorneys. By Joshua Briones, Crystal Lopez, Sofia Nuo, Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. The startup's new top lawyer, Lindsay Danas Cohen, served as an associate GC at Coinbase and, earlier in her career, helped build Bloomberg Law. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Cohen has15 years of experience representing traditional financial institutions in cross-border restructuring, financing and litigation matters, as well as experience withemerging growth technology companies. Chicago-basedKatherine Minarik, who most recently served as general counsel of the Americas for Dyson,will be Coinbasesdeputy general counsel of litigation. A company spokeswoman confirmed those numbers, and said in a statement to Bloomberg Law that a strong and diverse legal and compliance team is also a key part of achieving our priority of Coinbase to be the most trusted.. Your article was successfully shared with the contacts you provided. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. Terms of Service. 16 June 2021 Christian Sabella (pictured) joins Cryptocurrency company, Coinbase as senior director and associate general counsel. Growing Mineola firm with national practice seeks associate (with 3-6 years experience) to handle complex general liability matters.Competit CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! The two new recruits are the latest in a string of legal and compliance additions by the San Francisco-based company, which in July brought on former Facebook Inc. deputy general counsel Paul Grewal as its new chief legal officer. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. Armstrong Teasdale corporate services partner Thor Mathison in St. Louis also came aboard as an associate general counsel. Remote work options are also available. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Law Offices of Gary Martin Hays & Associates Cryptocurrency exchange Coinbase Inc. raided Facebook Inc. for one of its top in-house lawyers, hiring Paul Grewal to serve as its new chief legal officer. Customer Service| Christian Sabella has fifteen years of experience in the fintech industry. The company saw some lawyers and its former compliance chief depart last fall in the aftermath of a mandate barring political activism in the companys workplace. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Grant Rabenn, who spent the past decade as a federal prosecutor in Sacramento and Fresno, Calif., was hired as an associate general counsel for Treasury Department and Justice Department matters. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companys first-ever general counsel. The Centre Consortium backs USDC, the worlds largest stablecoin and one pegged to the U.S. dollar whose value last summer broke the $1 billion mark. Coinbase, which tapped Fenwick & West to advise on the direct listing that took the company public in April, has recently recruited lawyers from the Biden-Harris transition team, bank holding company Capital One Financial Corp., digital asset trading platform OKCoin USA Inc., and retail giant Walmart Inc. WebThe average salary for Associate General Counsel, Institutional at companies like COINBASE in the United States is $213,304 as of January 26, 2023, but the range typically falls between $177,424 and $249,184. [3] In 2010, Grewal was named as a "Best Lawyer Under 40" by the National Asian Pacific American Bar Association (NAPABA). Former legal chief Brian Brooks currently leads the Office of the Comptroller of the Currency, where he is reshaping U.S. banking laws. He also previously clerked for U.S. Supreme Court Associate Justice Neil Gorsuch when Gorsuch was a judge on the U.S. Court of Appeals for the Tenth Circuit. Djeu, who left Palo Alto, Calif.-based BitGo shortly before it was sold earlier this month to billionaire investor Michael Novogratz in a $1.2 billion cash-and-stock deal, didnt respond to a request for comment about whether she has replaced Ma as OKCoins top lawyer. Prior to attending Yale Law School, Mesele worked in investment banking at Morgan Stanley. National Public Radio reported last year on the experience of Lee and other working mothers trapped at home during the coronavirus pandemic. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. In his new role, Sabella will All Rights Reserved. Coinbase has expanded its legal department rapidly since becoming a publicly traded company in April 2021. is the international magazine, in English, that covers legal and inhouse affairs in the United States, through experiences beyond Italys borders to reach overseas destinations and all over the world. Buying Legal Council Taps New Leadership as Founder Steps Back, Five Actions CLOs Can Take to Drive Successful Change Management in 2023, Inside Track: Determining when to Allow Executive Stock Sales is Getting Trickier, Data Privacy and Website Accessibility: Class Action Trends to Watch in 2023, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. Grewal didnt respond to a request for comment. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Upon graduation from law school, Grewal served as a judicial law clerk for Sam H. Bell of the United States District Court for the Northern District of Ohio. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. The company is now in a quiet period mandated by regulators that precedes a stock market debut. Amy Luo, senior counsel for global business development and stablecoins, wrote on her LinkedIn profile last month that she had become general counsel for the Centre Consortium, a group backed by Coinbase and cryptocurrency company Circle Internet Financial Ltd., the latter of which hired a new general counsel in September. Office of Chief Counsel Internal Revenue Service Memorandum Number: 202114020 Release Date: 4/9/2021 For example, the cryptocurrency exchange, Coinbase, began supporting Bitcoin Cash on December 19, 2017. Brooks, a proponent of transforming the future of financial services, stepped down from the federal banking regulator last month after making a last-minute rule change that unnerved Wall Street. Coinbase acknowledged its latest batch of new recruits but declined to discuss them further. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. [7] At that time, he was only the second sitting South Asian federal magistrate judge in the United States. The company for the past year has been expanding its legal staff under chief legal officer Paul Grewal, who joined the company last summer. After his clerkship with Judge Gajarsa, Grewal joined the law firm of Day Casebeer Madrid & Batchelder (Howrey), where he became a partner and served on the firm's management committee, and where his practice focused on intellectual property litigation and patent litigation, with an emphasis on federal patent trials in district courts across the country and appellate work at a variety of federal appellate courts, including the Federal Circuit. Mesele, who has been affiliated with the Leadership Council on Legal Diversity, noted that during his time at Wachtell he specialized in investment transactions and merger deals with complex structures. Grewal currently owns roughly $856,000 in Coinbase stock, per Bloomberg Law data. Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments. Engage and manage outside counsel to effectively and efficiently represent Coinbase. In the nine months that Paul Grewal has held the title of chief legal officer at Coinbase Global Inc., the legal department has more than doubled in size and the company has gone all-in on remote working while making history as the first major cryptocurrency firm to go public. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companysfirst-evergeneral counsel. Join Corporate Counsel now! With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. [15] On June 14, 2022, Coinbase announced that it would layoff 18% of its workforce. For more information, visit the Groups website www.lcpublishinggroup.com, For more information, visit the Groups website, Real Estate, Construction & Infrastructure. Other Coinbase lawyers have taken roles at company-supported endeavors. He also confirmed the recent hires of head of intellectual property Ariana Woods and two associate general counsel, Xiaolin Miranda Ma and Youli Lee. Senior Counsel, Litigation At Coinbase, our mission is to increase economic freedom around the world, and we couldn't do this without hiring the best people. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Jeff John Roberts, Fortune:Tech, Federal Judge Quits to Join Facebook. As is usually the case, the demand is directed at the largest crypto exchange in the United States, Coinbase. Coinbase is leading the expansion of digital currency into the financial mainstream. WebPaul Singh Grewal is an American attorney working as chief legal officer at Coinbase. Lee, a former federal prosecutor who spent part of last year in a cybersecurity counsel role at the Commerce Department before joining the Biden-Harris presidential campaign, joined Coinbase in April as an associate general counsel. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. [9] Grewal retired from the bench on June 3, 2016. Bloomberg News reported last month that Coinbases direct listing saw USVs stake in the San Francisco-based cryptocurrency exchange hit a whopping $4.6 billion as Coinbases stock price climbed as high as $429.54 in the post-listing period. https://www.law.com/corpcounsel/2022/05/04/coinbase-backed-crypto-consortium-appoints-new-general-counsel/. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. (Corrects throughout spelling of Samson Mesele's last name. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Prior to that date Coinbases customers were unable tobuy, Cash were, in general, able to engage in Bitcoin Cash Like all great innovations, change comes with challenges, he wrote. Colin Moran, a graduate of Stanford Law School and former investment banking associate at the Goldman Sachs Group Inc., is a managing partner at Abdiel, which he founded in 2006. The company also this week announced its addition of a new non-lawyer head of capital markets in Brett Redfearn. For questions call 1-877-256-2472 or contact us at [emailprotected], Shearman and Hogan Lovells Call Off Merger Talks, Early Reports: 2023 Am Law 200 Financials, Beyond Excess Capacity, Pooled Services and Automation Expedite Staff Layoffs, Dozens of Law Firms Grew Their Equity Partner Tier, Even as Profits and Demand Plummeted. Our Team Account subscription service is for legal teams of four or more attorneys. Abraham, a former associate at Wachtell, Lipton, Rosen & Katz, joins Coinbase after four years at Mountain View, Calif.-based Kitty Hawk, which is backed by Alphabet Inc. co-founder Larry Page. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Eric Weingarten, a senior director and associate general counsel for product at Coinbase, left the company in January to become general counsel at San Francisco-based Truework, a venture capital-backed identity management startup that raised $30 million last year. What Joseph L. Rini Knows, Attorney Rachel Y. Marshall A Pillar of Strength for the Community, SpotDraft Raises $26 Million in Series A Funding for AI-Powered Legal Software. Sara Randazzo, Wall Street Journal, Facebook Hires Judge Paul S. Grewal for Litigation Role. Coinbase currently lists over 20 in-house legal and compliance jobs on its online careers page, including several associate general counsel roles and head of legal and compliance chief positions in Japan. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. Shares trading in private auctions potentially value Coinbase at up to $100 billion. To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com, To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com; John Crawley at jcrawley@bloomberglaw.com.
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