Both options are priced the same. 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. Mesele is the second former Wachtell associate to take a general counsel job in the financial services world in recent weeks. 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 Previously, Grewal was vice president and deputy general counsel at Facebook, and is also a former U.S. magistrate judge for the United States District Court for the Northern District of California. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. Coinbase is leading the expansion of digital currency into the financial mainstream. Law Offices of Gary Martin Hays & Associates Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Don't miss the crucial news and insights you need to make informed legal decisions. 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. Cohen most recently was general counsel at Mark43, a public safety platform. The announcement was made by Coinbasechief legal officer Paul Grewalon the social platform Twitter. Don't miss the crucial news and insights you need to make informed legal decisions. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. 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. 16 June 2021 Christian Sabella (pictured) joins Cryptocurrency company, Coinbase as senior director and associate general counsel. Site Map, Advertise| Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. Armstrong Teasdale corporate services partner Thor Mathison in St. Louis also came aboard as an associate general counsel. very deliberately, she stated Tuesday in an email. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Learn more about a Bloomberg Law subscription. 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. [10] He joined Facebook in June 2016. [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. Our team is thinking hard about structures that make sense for our portfolio companies and our limited partners.. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Katherine Minarik and Milana McCullagh will work with Paul Grewal, a former Facebook lawyer who joined Coinbase as chief legal officer in July. [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. USVs other investments include Casetext Inc., a legal research startup whose other backers include an unidentified large law firm and startup accelerator Y Combinator Continuity. 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. Coinbases current stock price was $293.45 as of Monday evening. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. License our industry-leading legal content to extend your thought leadership and build your brand. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Los Angeles. Contact Us| The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Signage is displayed at the front desk of the Coinbase Inc. office in San Francisco on Dec. 1, 2017. All Rights Reserved. Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain-based financial services. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Terms of Service. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Prior to joining the SEC, Sabella served as an associate with Shearman & Sterling. A branded coffee mug at the Coinbase Inc. office in San Francisco. The crypto consortium Centre has hired Rebecca Cohen as 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! Coinbase acknowledged its latest batch of new recruits but declined to discuss them further. Shirzad, Coinbases new policy chief, will report to Coinbases chief legal officer and corporate secretary, Paul Grewal, hired by the company last year from Facebook Inc. Coinbase disclosed in securities filings this year that Grewal received a total compensation package valued at more than $18 million. The latest batch of legal hires, confirmed by Coinbase spokesman Elliott Suthers, comes a month after the company added a new compliance chief and a half-dozen other lawyers, including associate general counsel Lindsay Danas Cohen and product counsel Alexander Zozos and Kenneth Hwang. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. On this Wikipedia the language links are at the top of the page across from the article title. [3] After working at Pillsbury, Grewal then served as a judicial law clerk for Judge Arthur J. Gajarsa of the United States Court of Appeals for the Federal Circuit. Milana McCullagh, who spent the past 13 years in-house at Alphabet Inc.'s Google LLC, was announced Friday by Coinbase as its new deputy general counsel for product and commercial legal. 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. McGeorge School of Law, A Conversation with Judge Grewal about IP and the Northern District of California. Company co-founder and CEO Brian Armstrong could reap a $3 billion windfall from the listing. [3] After his clerkship, he joined the law firm of Pillsbury Winthrop Shaw Pittman LLP (then known as Pillsbury, Madison & Sutro LLP), primarily practicing complex commercial litigation. https://www.law.com/corpcounsel/2021/05/10/how-coinbases-legal-team-expanded-at-crypto-speed-navigated-public-debut/. To view this content, please continue to their sites. 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. Coinbases Direct Listing Is Said to Be Pushed Back to April, Coinbase Agrees to Pay $6.5 Million to Settle CFTC Data Probe, Coinbase Is Said to Be Valued at $90 Billion in Private Auction, Coinbase CEO Could Get More Than $1 Million Per Day After IPO, Wall Street Set to Learn How Tough Bidens Watchdogs Will Be (1), backed by Alphabet Inc. co-founder Larry Page, Crypto exchange adds Ian Rooney as enterprise compliance head, Kitty Hawk general counsel among handful of new legal recruits. Grewal, McCullagh, and Minarik are part of at least a dozen lawyers added by Coinbase so far in 2020, following another legal hiring binge last year. Richard Lawler, Engadget, Facebook hires U.S. Magistrate Judge Paul Grewal, United States District Court for the Northern District of California, United States District Court for the Northern District of Ohio, United States Court of Appeals for the Federal Circuit, United States Patent and Trademark Office, http://blogs.mcgeorge.edu/ipsa/archives/488, https://www.linkedin.com/in/paul-grewal-288978b4, http://law.scu.edu/wp-content/uploads/hightech/Judge%20Grewal.pdf, "Paul Grewal '96 Appointed US Magistrate Judge | University of Chicago Law School", "Legal Industry Luminary Paul Grewal Joins Zapproved Board of Directors", https://nasabablog.wordpress.com/2010/12/01/former-nasaba-president-paul-grewal-appointed-federal-magistrate-judge/, https://thesedonaconference.org/bio/grewal-paul, http://www.therecorder.com/id=1202757560813/Judge-Grewal-to-Leave-Bench-for-Facebook?back=law&cn=20160513&pt=Newswire&src=EMC-Email&et=editorial&bu=Law.com&slreturn=20170020012328, http://www.courthousenews.com/2016/05/27/judge-grewal-leaves-bench-to-join-facebook.htm, https://blogs.wsj.com/law/2016/05/13/facebook-hires-judge-paul-s-grewal-for-litigation-role/, http://www.recode.net/2016/5/12/11668896/federal-magistrate-paul-grewal-joining-facebook, http://fortune.com/2016/05/16/federal-judge-quits-to-join-facebook/, https://www.engadget.com/2016/05/13/facebook-hires-u-s-magistrate-judge-paul-grewal/, "Coinbase Taps Facebook Deputy General Counsel as New Legal Chief (1)", "Coinbase announces 1,100 layoffs as CEO warns of recession and crypto winter", "Coinbase's Paul Grewal Defends Layoffs as Crypto Firm Braces for Recession", https://www.sec.gov/Archives/edgar/data/0001679788/000114036122015201/edge20001234x1_def14a.htm, https://en.wikipedia.org/w/index.php?title=Paul_Grewal&oldid=1105961704, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 August 2022, at 15:33. Engage and manage outside counsel to effectively and efficiently represent Coinbase. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. 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. Other recent recruits include Carly Nuzbach Lowery, a former senior legal counsel at Uber Technologies Inc. in London, where she joined Coinbase this month as an associate general counsel. https://www.law.com/corpcounsel/2020/10/30/coinbase-adds-attorneys-from-google-dyson-to-legal-department/. OCC Permits National Banks to Enter Stablecoin Arena, Cryptocurrency Exchange Coinbase Picks Direct Listing Over IPO, Wall Street Fumes at 11th-Hour Rule From Trump Bank Watchdog (3), Bitcoin Breaks Records, and the Exchanges Where Its Traded, Coinbase Sued Over XRP Commissions After SEC Pursues Ripple, joined the San Francisco-based company last summer, transforming the future of financial services, some lawyers and its former compliance chief depart, Stripes Melissa Strait, half-dozen lawyers join Coinbase, Cryptocurrency exchange has confidentially filed to go public. Strait herself is not a lawyer, but her hire by Coinbase was touted by Paul Grewal, a former deputy general counsel at Facebook Inc. who joined the San Francisco-based company last summer as its chief legal officer. General Counsel and In House Counsel Phillip Bantz In the nine months that Paul Grewal has held the title of chief legal officer at Coinbase Global Inc., the legal 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. 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. 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. Our Team Account subscription service is for legal teams of four or more attorneys. Hwang, another ex-Davis Polk associate, spent the past eight years at Google LLC, most recently as senior counsel in San Francisco. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companysfirst-evergeneral counsel. Grewal didnt respond to a request for comment. 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. 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. 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. Coinbases rapid growth has not come without controversy. Copyright 2023 ALM Global, LLC. 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. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. Law Offices of Gary Martin Hays & Associates Remote work options are also available. April 1, 2021 General Counsel. You will be Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Both options are priced the same. 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. WebAt Coinbase, our mission is to increase economic freedom around the world, and we couldnt do this without hiring the best people.Were a group of hard-working overachievers who are deeply focused on building the future of finance and Web3 for our users across the globe, whether theyre trading, storing, staking or using crypto. 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. To view this content, please continue to their sites. Ive spent my career engaging with policymakers around the world, helping to navigate such complex issues. All Rights Reserved. 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. Coinbase, now the largest U.S. cryptocurrency exchange, saw its valuation soar past $100 billion following a direct listing in April on the Nasdaq. 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. 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. Beijing-based OKCoin legal counsel Phoebe Gan and Megan Monroe-Coleman, a former senior director of compliance at Coinbase who OKCoin hired more Worden, a former Paul Hastings associate, spent the past half-dozen years at Walmart, where she was most recently a senior director of program governance and U.S. ethics and compliance. 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. FTC Bags First Settlement in Probe of 'Review Hijacking' in E-Commerce, More Companies Ditching Piecemeal Approach to Managing Mushrooming Third-Party Risks, Here's How Clients Can Push Back on Law Firm Rate Hikes, Semiconductor Pioneer Adds Legal Chief With Deep Deal-Making Experience, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. 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! Coinbase declined to discuss individual departures. 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 Albertus Horsting, a fellow Yale Law School graduate who spent nearly the past three years as a corporate associate at Wachtell in New York, joined Abdiel Capital Advisors LP in March as the hedge funds general counsel. I appreciated very early on that Coinbase had some of the most challenging and industry-impacting issues of any company in crypto anywhere on the planet, said Paul Grewal, the crypto exchange's chief lawyer. https://www.law.com/corpcounsel/2022/10/11/nillion-taps-ex-coinbase-legal-leader-to-serve-as-general-counsel/. Venture capital firm recently had $4.6 billion stake in Coinbase. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. 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. Grewal, a https://www.law.com/corpcounsel/2022/05/04/coinbase-backed-crypto-consortium-appoints-new-general-counsel/. Join Corporate Counsel now! Not a Bloomberg Law Subscriber?Subscribe Now. Not a Bloomberg Law Subscriber?Subscribe Now. Draft and file pleadings and briefs as needed. Centre. Not a Bloomberg Law Subscriber?Subscribe Now. Coinbase chief compliance officer Jeff Horowitz is leaving, although his departure is reportedly not due to the politics ban. 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. She was most recently general counsel at general counsel for flying car startup Kitty Hawk Inc. Christian Sabellahas fifteen years of experience in the fintech industry. Union Square Ventures LLC, which scored big with an investment in newly public cryptocurrency "It's essential that the right-sized controls be put in place to mitigate risk while giving the public full access to the opportunities created by these innovations," said Rebecca Cohen, the newly appointed general counsel of Centre. At Coinbase, Grewal replaced Brian Brooks, who recently served as acting head of the Office of the Comptroller of the Currency. Learn more about a Bloomberg Law subscription. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Nillion has hired Lindsay Danas Cohen as GC. Learn more about a Bloomberg Law subscription. Chicago-basedKatherine Minarik, who most recently served as general counsel of the Americas for Dyson,will be Coinbasesdeputy general counsel of litigation. Beijing-based OKCoin legal counsel Phoebe Gan and Megan Monroe-Coleman, a former senior director of compliance at Coinbase who OKCoin hired more than a year ago to serve as its global chief compliance officer, also did not respond to messages seeking comment. ), 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. Nillion is a Web3 startup founded in 2021. 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 head of enterprise compliance. He joins at least two other lawyers at USV in managing partner Andrew Weissman and partner John Buttrick, the latter of whom is a former corporate partner at Davis Polk & Wardwell. Terms of Service. 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? The company also brought on product counsel director Kenneth Hwang, associate general counsel for consumer product Lindsay Danas Cohen, associate general counsel for regulatory Meghan King, associate general counsel Samuel Brown, and corporate counsel Jolie Yang in January. Coinbase associate general counsel for regulatory Hailey Lennon also left the company in October to join the law firm Anderson Kill as a partner specializing in technology, media, and distributed systems. WebCoinbase. Paul S. Grewal. Your article was successfully shared with the contacts you provided. [3] In 2010, Grewal was named as a "Best Lawyer Under 40" by the National Asian Pacific American Bar Association (NAPABA). To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.com, To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.comJohn Hughes in Washington at jhughes@bloombergindustry.com. The company also this week announced its addition of a new non-lawyer head of capital markets in Brett Redfearn.