Coinbase Inc., a fast-growing cryptocurrency exchange eyeing a potential initial public offering, has made another high-profile legal recruit. 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. At Coinbase, Grewal replaced Brian Brooks, who recently served as acting head of the Office of the Comptroller of the Currency. Terms of Service. Your article was successfully shared with the contacts you provided. Learn more about a Bloomberg Law subscription. 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. Jade Clemons, a former attorney with Fenwicks flexible working arm, joined Coinbase in September as a commercial counsel. Our Team Account subscription service is for legal teams of four or more attorneys. 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. 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. 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. 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. 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. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companys first-ever general counsel. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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? Other Coinbase lawyers have taken roles at company-supported endeavors. [4], Grewal is the former president of the National South Asian Bar Association. 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. 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. WebPaul Singh Grewal is an American attorney working as chief legal officer at Coinbase. 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. 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. 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? https://www.law.com/corpcounsel/2022/10/11/nillion-taps-ex-coinbase-legal-leader-to-serve-as-general-counsel/. Cohen most recently was general counsel at Mark43, a public safety platform. 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. Lee A. Schneider is General Counsel at Block.one, one of the worlds largest blockchain companies and creator of the EOSIO blockchain protocol. Law Offices of Gary Martin Hays & Associates Coinbase earlier this month hired Lowenstein Sandler counsel Alexander Zozos, a former special counsel in the Securities and Exchange Commissions Division of Trading and Markets, as a senior product counsel in New York. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. 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. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. The company disclosed last month that when it does go public it will do so via a direct listing. Our Team Account subscription service is for legal teams of four or more attorneys. P.C. Grewal noted that Straits experience at the very cutting edge of fintech innovation makes her uniquely qualified to navigate the complex web of regulations to which we not only comply with but are also helping to shape.. [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. 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. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. Coinbase declined to discuss individual departures. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. 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. About Us| Site Map, Advertise| Terms of Service. 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. 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. Sonia Siddiqui, a lawyer and manager of privacy and cybersecurity at accounting firm Grant Thornton LLP, joined that month as privacy lead. April 1, 2021 General Counsel 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, reports Brian Baxter in Bloomberg Laws Business & Practice. He was most recently acting director of the U.S. Securities and Exchange Commissions (SEC) Division of Trading and Markets. 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. 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. 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. 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. Katherine Minarik and Milana McCullagh will work with Paul Grewal, a former Facebook lawyer who joined Coinbase as chief legal officer in July. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Your article was successfully shared with the contacts you provided. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Coinbase acknowledged its latest batch of new recruits but declined to discuss them further. 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. Engage and manage outside counsel to effectively and efficiently represent Coinbase. ), 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. [5] Grewal was approved to join the Board of Directors for Zapproved, an electronic discovery software provider, in July 2021. 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. 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. As part of its going-public process, Coinbase disclosed some potential legal liabilities it faces from state and federal probes of its operations. Facebook deputy general counsel Paul Grewal is joining Coinbase. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Draft and file pleadings and briefs as needed. In December, Coinbase filed confidentially for an initial public offering. Site Map, Advertise| [3], Grewal was a former president of the South Asian Bar of Northern California and the Northern American South Asian Bar Association. Coinbase serves around 56 million verified users, 8,000 institutions and 134,000 ecosystem partners in over 100 countries. Learn more about a Bloomberg Law subscription. (Corrects throughout spelling of Samson Mesele's last name. Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain-based financial services. 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. About Us| Prior to joining the SEC, Sabella served as an associate with Shearman & Sterling. The London-based Brown joined Coinbase after serving as senior legal counsel for Sloan Robinson LLP, a dissolving hedge fund, while Yang and King were associates at Davis Polk & Wardwell in New York. 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. Both options are priced the same. The company is now in a quiet period mandated by regulators that precedes a stock market debut. Nillion has hired Lindsay Danas Cohen as GC. Contact Us| WebCarly Nuzbach Lowery, who is based in London, most recently was associate general counsel at cryptocurrency exchange Coinbase. 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. Our Team Account subscription service is for legal teams of four or more attorneys. 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. Terms of Service. The latters parent company hired Deborah Djeu, vice president of regulatory affairs at cryptocurrency custodian BitGo Inc., as its head of regulatory in April. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! https://www.law.com/corpcounsel/2021/05/10/how-coinbases-legal-team-expanded-at-crypto-speed-navigated-public-debut/. 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. Union Square Ventures LLC, which scored big with an investment in newly public cryptocurrency exchange Coinbase Global Inc., has hired its first general counsel. "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. 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. Abraham, in a message she wrote this month on LinkedIn, said she was excited to be making the switch from flying cars to crypto. She didnt respond to a request for comment about her decision to leave Kitty Hawk, which has promoted her former deputy, Angela Gandhi, to be its head of legal. Venture capital firm recently had $4.6 billion stake in Coinbase. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. very deliberately, she stated Tuesday in an email. 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 Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. The San Francisco-based company also hired Molly Abraham this month as an associate general counsel for commercial. Work collegially and supportively with other members of Coinbase is building out its stable of in-house lawyers as the company looks to go public. Janice Payne, head of supervisory affairs at CLS Group Holdings AG, a financial institution that serves the foreign exchange market, was hired by Coinbase in August as director of regulatory compliance. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. 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. 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. Jeff John Roberts, Fortune:Tech, Federal Judge Quits to Join Facebook. The Commerce Application enables users to (i) accept cryptocurrency as a payment method for goods and services; (ii) self custody digital assets; (iii) access reporting and invoicing capabilities; and (iv) additional functionality as Toshi Holdings may add to the App from time to time (collectively the Services ). 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 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. WebCoinbase. 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. 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.