Coinbase disclosed in securities filings last month that Grewal received more than $18 million in total compensation after being hired from Facebook Inc. Coinbase has tapped Fenwick & West to advise on its direct listing. 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. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. Coinbase had already recruited several legal staffers prior to the end of Brooks tenure as legal chief nearly a year ago. 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. 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 Coinbase Inc., a fast-growing cryptocurrency exchange eyeing a potential initial public offering, has made another high-profile legal recruit. Shares trading in private auctions potentially value Coinbase at up to $100 billion. Coinbase chief compliance officer Jeff Horowitz is leaving, although his departure is reportedly not due to the politics ban. Copyright 2023 ALM Global, LLC. 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! 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. Not a Bloomberg Law Subscriber?Subscribe Now. Woods joins Coinbase after four years in-house at Capital One in McLean, Va., where she spent nearly the past three years as a senior director, associate general counsel, and head of IP. 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. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. Los Angeles. Grewal currently owns roughly $856,000 in Coinbase stock, per Bloomberg Law data. 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 currently lists on its website openings for at least 10 legal and compliance positions in Berlin, London, New York, San Francisco, and Tokyo. https://www.law.com/corpcounsel/2021/05/10/how-coinbases-legal-team-expanded-at-crypto-speed-navigated-public-debut/. 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. 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. 16 June 2021 Christian Sabella (pictured) joins Cryptocurrency company, Coinbase as senior director and associate general counsel. Bressack at Facebook worked on the social media giants Libra cryptocurrency project, now called Diem. Our team is thinking hard about structures that make sense for our portfolio companies and our limited partners.. Jeff John Roberts, Fortune:Tech, Federal Judge Quits to Join Facebook. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. 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! [3] In 2010, Grewal was named as a "Best Lawyer Under 40" by the National Asian Pacific American Bar Association (NAPABA). 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. Centre. Coinbase declined to discuss individual departures. 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. Christian Sabellahas fifteen years of experience in the fintech industry. 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. 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. Remote work options are also available. Several former Coinbase lawyers are now in regulatory positions. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. 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. 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. Copyright 2023 ALM Global, LLC. 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. Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain-based financial services. WebDirector, AGC Corporate at Coinbase San Francisco, California, United States. Sonia Siddiqui, a lawyer and manager of privacy and cybersecurity at accounting firm Grant Thornton LLP, joined that month as privacy lead. Lee A. Schneider is General Counsel at Block.one, one of the worlds largest blockchain companies and creator of the EOSIO blockchain protocol. 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. Join Corporate Counsel now! 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. At Coinbase, Grewal replaced Brian Brooks, who recently served as acting head of the Office of the Comptroller of the Currency. [15] On June 14, 2022, Coinbase announced that it would layoff 18% of its workforce. Mesele is the second former Wachtell associate to take a general counsel job in the financial services world in recent weeks. [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. 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. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! April 1, 2021 General Counsel. WebCoinbase. Work collegially and supportively with other members of Within the past few weeks Coinbase added Lianne Labossiere Worden as chief of staff and trust and risk counsel to the general counsel, company spokesman Daniel Harrison told Bloomberg Law. 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. 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. Coinbases rapid growth has not come without controversy. 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. 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. Contact Us| Site Map, Advertise| Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Samson Mesele, who spent the past half-dozen years as a corporate associate at Wachtell, Lipton, Rosen & Katz, confirmed in an email to Bloomberg Law that he became the New York-based venture capital firms first legal chief last month. 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. 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. Our Team Account subscription service is for legal teams of four or more attorneys. To contact the reporter on this story: Brian Baxter in New York at bbaxter@bloomberglaw.comTo contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.comJohn Hughes at jhughes@bloombergindustry.com. 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. 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. Contact Us| Sara Randazzo, Wall Street Journal, Facebook Hires Judge Paul S. Grewal for Litigation Role. Coinbase is leading the expansion of digital currency into the financial mainstream. National Public Radio reported last year on the experience of Lee and other working mothers trapped at home during the coronavirus pandemic. [6], On December 1, 2010, Grewal was sworn in as a U.S. magistrate judge for the United States District Court for the Northern District of California. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? https://www.law.com/corpcounsel/2020/10/30/coinbase-adds-attorneys-from-google-dyson-to-legal-department/. P.C. About Us| Join team who receives, tracks, investigates, prepares evidentiary presentations, attempts to settle, and, where necessary, litigates litigation and regulatory Rooney, a former Davis Polk & Wardwell associate, has spent the past decade at Morgan Stanley, where he was most recently a managing director and head of global financial crimes infrastructure compliance in New York. Coinbase Global Inc. has brought on four new in-house lawyers in addition to Faryar Shirzad, the chief policy officer whose hire the largest U.S. cryptocurrency exchange announced Monday. Law Offices of Gary Martin Hays & Associates 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 crypto consortium Centre has hired Rebecca Cohen as general counsel. Engage and manage outside counsel to effectively and efficiently represent Coinbase. Salary information 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. Law Offices of Gary Martin Hays & Associates LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. In his new role, Sabella will Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. "[17] According to the 2022 Proxy Statement, Grewal beneficially owns 767,759 Class A Common Stock.[18]. Prior to attending Yale Law School, Mesele worked in investment banking at Morgan Stanley. Terms of Service. 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. Join Corporate Counsel now! 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. 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. Customer Service| Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Coinbase Global Inc. has announced its addition of chief compliance officer Melissa Strait, the latest in a series of legal hires by the largest U.S. cryptocurrency exchange. Both options are priced the same. Both options are priced the same. 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. To view this content, please continue to their sites. 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. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companysfirst-evergeneral counsel. Nillion has hired Lindsay Danas Cohen as GC. 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.