Join Corporate Counsel now! License our industry-leading legal content to extend your thought leadership and build your brand. Coinbase chief compliance officer Jeff Horowitz is leaving, although his departure is reportedly not due to the politics ban. Terms of Service. 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. In his new role, Sabella will Copyright 2023 ALM Global, LLC. Copyright 2023 ALM Global, LLC. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Our growing legal team is building out its litigation practice. Shares trading in private auctions potentially value Coinbase at up to $100 billion. All Rights Reserved. The Sedona Conference, Hon. The company disclosed last month that when it does go public it will do so via a direct listing. WebJoin team who receives, tracks, investigates, prepares evidentiary presentations, attempts to settle, and, where necessary, litigates litigation and regulatory matters brought against Coinbase. Fenwick has served as primary outside counsel to Coinbase for many years, representing the company in more than 15 transactions, including its Nasdaq direct listing, strategic acquisitions of Bison Trails, Earn.com, Tagomi and skew, its $100 million Series D and $300 million Series E financings and more than 70 investments by Coinbase Ventures. Strait joins Coinbase as it prepares to go public. WebPaul Grewal has served as our Chief Legal Officer & Secretary since August 2020. 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. 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. Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain-based financial services. Ross Todd, The Recorder, Judge Grewal to Leave Bench for 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, 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. License our industry-leading legal content to extend your thought leadership and build your brand. 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. 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. [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. Don't miss the crucial news and insights you need to make informed legal decisions. Contact Us| Not a Bloomberg Law Subscriber?Subscribe Now. Law Offices of Gary Martin Hays & Associates Ina Fried, Recode, U.S. Magistrate Judge Paul Grewal is leaving the bench for Facebook. Christian Sabella (pictured)joins Cryptocurrency company, Coinbaseas senior director and associate general counsel. Coinbase, now the largest U.S. cryptocurrency exchange, saw its valuation soar past $100 billion following a direct listing in April on the Nasdaq. 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. 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. 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. 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. 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. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. April 1, 2021 General Counsel. Don't miss the crucial news and insights you need to make informed legal decisions. 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. Our Team Account subscription service is for legal teams of four or more attorneys. Armstrong Teasdale corporate services partner Thor Mathison in St. Louis also came aboard as an associate general counsel. Lee A. Schneider is General Counsel at Block.one, one of the worlds largest blockchain companies and creator of the EOSIO blockchain protocol. [3], Grewal was a former president of the South Asian Bar of Northern California and the Northern American South Asian Bar Association. Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments. Terms of Service. 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. 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 The company for the past year has been expanding its legal staff under chief legal officer Paul Grewal, who joined the company last summer. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. [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. 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. Join Corporate Counsel now! 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. 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. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? To view this content, please continue to their sites. Former product counsel Andrew Ridenour is now senior counsel to the chairman of the Commodity Futures Trading Commission, while the director of the CFTCs division of market oversight is Dorothy DeWitt, a former divisional general counsel at Coinbase. [4], Grewal is the former president of the National South Asian Bar Association. 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. 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. 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 [9] Grewal retired from the bench on June 3, 2016. 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. 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. 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. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. About Us| 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. 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. He also confirmed the recent hires of head of intellectual property Ariana Woods and two associate general counsel, Xiaolin Miranda Ma and Youli Lee. Hwang, another ex-Davis Polk associate, spent the past eight years at Google LLC, most recently as senior counsel in San Francisco. Don't miss the crucial news and insights you need to make informed legal decisions. 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. Oct 2019 - Present3 years 6 months. WebAfter working at Fannie Mae, Brooks was Chief Legal Officer of Coinbase from 2018 to 2020. Draft and file pleadings and briefs as needed. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. [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. Bressack at Facebook worked on the social media giants Libra cryptocurrency project, now called Diem. You will be Coinbase, which has said publicly it will permit its employees to work remotely even after Covid-19 lockdowns have been lifted, also added Ma as an associate general counsel this month from her role as head of legal for OKCoin USA. Prior to that date Coinbases customers were unable tobuy, Cash were, in general, able to engage in Bitcoin Cash 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. Both options are priced the same. Paul S. Grewal. Both options are priced the same. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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 second option allows you to build your bundle and strategically select the content that pertains to your needs. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. Site Map, Advertise| Both options are priced the same. About Us| Access to the entire ALM network of websites, Unlimited access to the ALM suite of newsletters, Build custom alerts on any search topic of your choosing. Your article was successfully shared with the contacts you provided. Chicago-based Katherine Minarik, who most recently served as general counsel of the Americas for Dyson, will be Coinbases deputy general counsel of 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. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Chicago-basedKatherine Minarik, who most recently served as general counsel of the Americas for Dyson,will be Coinbasesdeputy general counsel of litigation. [11][12][13][14], On July 9, 2020, it was announced that Grewal would replace Brian Brooks as chief legal officer at Coinbase, a cryptocurrency exchange. The San Francisco-based company also hired Molly Abraham this month as an associate general counsel for commercial. 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. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. 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. 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. 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.