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. For more information, visit the Groups website www.lcpublishinggroup.com, For more information, visit the Groups website, Real Estate, Construction & Infrastructure. [10] He joined Facebook in June 2016. Our Team Account subscription service is for legal teams of four or more attorneys. Coinbase, now the largest U.S. cryptocurrency exchange, saw its valuation soar past $100 billion following a direct listing in April on the Nasdaq. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments. 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. 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! She spent the past five years at Stripe Inc., where she was global head of financial crimes at the online payment processor, which has been busy hiring in-house lawyers in recent months. April 1, 2021 General Counsel. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications, Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companysfirst-ever. 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. We also want to echo the call that Coinbase General Counsel Paul Grewal made asking others in the financial services industry to step up with their own reports. Jade Clemons, a former attorney with Fenwicks flexible working arm, joined Coinbase in September as a commercial counsel. Learn more about a Bloomberg Law subscription. 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. The crypto consortium Centre has hired Rebecca Cohen as general counsel. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companysfirst-evergeneral counsel. 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. Coinbase touted McCullaghs previous experience working with product, engineering, and business teams behind disruptive technologies like artificial intelligence, Google Maps, and Google Search. All Rights Reserved. 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. Copyright 2023 ALM Global, LLC. Grewal didnt respond to a request for comment. Prior to joining us, Mr. Grewal served as Vice President & Deputy General Counsel of Meta Platforms, Inc. (formerly known as Facebook, Inc.), a social media company, from June 2016 to Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Coinbase chief compliance officer Jeff Horowitz is leaving, although his departure is reportedly not due to the politics ban. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. Coinbase Global Inc., the largest U.S. cryptocurrency exchange that expects to go public in April, has brought on veteran Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companys first-ever general counsel. Established in 2012, Coinbase was the first major cryptocurrency company to go public and had an $85 billion opening day valuation when it debuted on Nasdaq. Venture capital firm recently had $4.6 billion stake in Coinbase. 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. https://www.law.com/corpcounsel/2020/10/30/coinbase-adds-attorneys-from-google-dyson-to-legal-department/. [16] Grewal defended the layoffs, arguing that it needed to be done to "ensure we stay healthy during this economic downturn. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Centre manages USD Coin, an essential part of Coinbase's trading system. A branded coffee mug at the Coinbase Inc. office in San Francisco. Learn more about a Bloomberg Law subscription. Law Offices of Gary Martin Hays & Associates With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Chicago-basedKatherine Minarik, who most recently served as general counsel of the Americas for Dyson,will be Coinbasesdeputy general counsel of litigation. Site Map, Advertise| Fenwick, in a practice common among its Silicon Valley brethren, noted in the same filings that individuals and entities associated with the firm beneficially own an aggregate of less than 0.01% of Coinbases capital stock, which will convert to Class B common stock when the company eventually goes public. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. P.C. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. Isabelle Young, a senior litigation counsel at Google LLC, where the former Simpson Thacher & Bartlett and Cleary Gottlieb Steen & Hamilton associate spent a dozen years at the Alphabet affiliate, was hired by Coinbase in February as a director and associate general counsel for litigation. The company said in recent securities filings that it expects to incur more than $2.7 million in legal fees and expenses in going public. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Lennon didnt respond to a request for comment about the circumstances surrounding her exit. Sonia Siddiqui, a lawyer and manager of privacy and cybersecurity at accounting firm Grant Thornton LLP, joined that month as privacy lead. Your article was successfully shared with the contacts you provided. Customer Service| Beijing-based OKCoin legal counsel Phoebe Gan and Megan Monroe-Coleman, a former senior director of compliance at Coinbase who OKCoin hired more Your article was successfully shared with the contacts you provided. Paul S. Grewal. 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. Strait joins Coinbase as it prepares to go public. ), Coinbase Backer Wilson Parlays Fantasy Bet Into $4.6 Billion, Coinbases Whipsaw Debut Takes It Past $100 Billion, Then Back, While Coinbase Savors Listing, Bitcoin Die-Hards Voice Disdain, Coinbase Hits $100 Billion Then Slips in Landmark Crypto Listing, Coinbase Sails Toward $100 Billion Valuation on Crypto Frenzy, Former Wachtell associate Samson Mesele joined USV last month, Venture capital firm recently had $4.6 billion stake in Coinbase. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. We are pursuing many complex investments across our web and mobile, crypto, and climate platforms, Mesele said in a statement about his new general counsel role. Coinbase declined to discuss individual departures. The company disclosed last month that when it does go public it will do so via a direct listing. The new recruits by Coinbase, which has reportedly held talks with law firms and investment banks about going public, come even as a controversial new mandate banning political activism at work has resulted in roughly 60 employees taking exit packages offered by the company. 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. Centre. The crypto consortium Centre has hired Rebecca Cohen as general counsel. 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. 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 A stablecoin backed by Coinbase reached $1 billion in market capitalization in July, a month after the company was advised by Fenwick & West on its acquisition of Tagomi Holdings Inc., a cryptocurrency brokerage startup backed by Peter Thiel. Both options are priced the same. 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. Ross Todd, The Recorder, Judge Grewal to Leave Bench for Facebook. Our Team Account subscription service is for legal teams of four or more attorneys. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! I currently manage a team of US regulatory lawyers and licensing specialists with responsibility for regulatory strategy Prior to attending Yale Law School, Mesele worked in investment banking at Morgan Stanley. 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. Join team who receives, tracks, investigates, prepares evidentiary presentations, attempts to settle, and, where necessary, litigates litigation and regulatory matters brought against Coinbase. Grewal currently owns roughly $856,000 in Coinbase stock, per Bloomberg Law data. 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. 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. Not a Bloomberg Law Subscriber?Subscribe Now. All Rights Reserved. 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. Nillion is a Web3 startup founded in 2021. Engage and manage outside counsel to effectively and efficiently represent Coinbase. Coinbase advertising its initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. WebDirector, AGC Corporate at Coinbase San Francisco, California, United States. Nicholas Iovino, Judge Grewal Leaves Bench to Join Facebook. Within the past three months alone, Coinbase has added more than a half-dozen lawyers, according to a Bloomberg Law analysis of LinkedIn profiles, state bar registries, and job listings by the company. Buying Legal Council Taps New Leadership as Founder Steps Back, In First-of-Kind Case, DOJ Alleges Chairman Filed Trading Plans to Pull Off Vast Insider Trading Scheme, After Trial by Fire, Robinhood Legal Chief Knows Keys to Getting Along With SEC, Continuing Health Care Privacy Crackdown, FTC Fines BetterHelp $7.8 Million, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Terms of Service. 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. 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. 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? Facebook deputy general counsel Paul Grewal is joining Coinbase. 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. 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. Terms of Service. Company co-founder and CEO Brian Armstrong could reap a $3 billion windfall from the listing. Coinbases current stock price was $293.45 as of Monday evening. Predictive reporting, trend analysis, peer guidance and a practical playbook to help genetal counsels succeed in their increasingly high stakes roles as risk managers and corporate strategists. 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. Paul Singh Grewal is an American attorney working as chief legal officer at Coinbase. Coinbases new hires mark the latest batch of legal recruits by the newly public company, which was founded in San Francisco but as part of its decentralized corporate structure now has no official headquarters. [7] At that time, he was only the second sitting South Asian federal magistrate judge in the United States. 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. Christian Sabella has fifteen years of experience in the fintech industry. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companys first-ever 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. Oct 2019 - Present3 years 6 months. As part of its going-public process, Coinbase disclosed some potential legal liabilities it faces from state and federal probes of its operations. Former legal chief Brian Brooks currently leads the Office of the Comptroller of the Currency, where he is reshaping U.S. banking laws. [8] Grewal was also appointed by Chief Justice John Roberts to the Federal Judicial Centers Magistrate Judge Education Committee and served as a co-chair of the Federal Circuit Bar Associations Judges Committee. USV is also a backer of Scroll, an online ad-blocking startup acquired last week by Twitter Inc., a social media giant that plans to integrate the readership platform into its subscription-based services. 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. 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. Bressack at Facebook worked on the social media giants Libra cryptocurrency project, now called Diem. National Public Radio reported last year on the experience of Lee and other working mothers trapped at home during the coronavirus pandemic. He was most recently acting director of the U.S. Securities and Exchange Commissions (SEC) Division of Trading and Markets.

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