[16] Grewal defended the layoffs, arguing that it needed to be done to "ensure we stay healthy during this economic downturn. A branded coffee mug at the Coinbase Inc. office in San Francisco. 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. About Us| License our industry-leading legal content to extend your thought leadership and build your brand. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Our second option allows you to build your bundle and strategically select the content that pertains to your needs. All Rights Reserved. [3] In private practice, Grewal was also a registered patent attorney admitted to practice before the United States Patent and Trademark Office, and he performed re-examinations for his clients, which included independent inventors and companies in the high-technology, biotechnology, medical device, and financial firm/service spaces. WebCarly Nuzbach Lowery, who is based in London, most recently was associate general counsel at cryptocurrency exchange Coinbase. [1][2][3] Grewal then earned a Juris Doctor from the University of Chicago in 1996. Join Corporate Counsel now! 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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. The Sedona Conference, Hon. Our Team Account subscription service is for legal teams of four or more attorneys. About Us| 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. Join team who receives, tracks, investigates, prepares evidentiary presentations, attempts to settle, and, where necessary, litigates litigation and regulatory matters brought against Coinbase. Our Team Account subscription service is for legal teams of four or more attorneys. WebJoin team who receives, tracks, investigates, prepares evidentiary presentations, attempts to settle, and, where necessary, litigates litigation and regulatory matters brought against 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. Contact Us| Both options are priced the same. The latters parent company hired Deborah Djeu, vice president of regulatory affairs at cryptocurrency custodian BitGo Inc., as its head of regulatory in April. 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. License our industry-leading legal content to extend your thought leadership and build your brand. Terms of Service. WebPaul Grewal has served as our Chief Legal Officer & Secretary since August 2020. Strait joins Coinbase as it prepares to go public. 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 announcement was made by Coinbasechief legal officer Paul Grewalon the social platform Twitter. [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. 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 is building out its stable of in-house lawyers as the company looks to go public. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Ross Todd, The Recorder, Judge Grewal to Leave Bench for Facebook. Coinbase is leading the expansion of digital currency into the financial mainstream. Coinbase, now the largest U.S. cryptocurrency exchange, saw its valuation soar past $100 billion following a direct listing in April on the Nasdaq. Coinbase has embraced regulation from day one and will continue to do so as it works to bring the promise of crypto to people around the world., Public records show that Coinbase paid $20,000 to Steptoe & Johnson during the first quarter of this year for the law firm to lobby on various issues regarding the taxation of digital assets., 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.comRebekah Mintzer at rmintzer@bloomberglaw.com. Union Square Ventures LLC, which scored big with an investment in newly public cryptocurrency exchange Coinbase Global Inc., has hired its first general counsel. Paul S. Grewal. 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. LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. Don't miss the crucial news and insights you need to make informed legal decisions. 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 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. 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. Learn more about a Bloomberg Law subscription. 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. 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. 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. Our team is thinking hard about structures that make sense for our portfolio companies and our limited partners.. Customer Service| 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. 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. 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 Inc., a fast-growing cryptocurrency exchange eyeing a potential initial public offering, has made another high-profile legal recruit. 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. 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.com. Join Corporate Counsel now! To view this content, please continue to their sites. ), 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. 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. Beijing-based OKCoin legal counsel Phoebe Gan and Megan Monroe-Coleman, a former senior director of compliance at Coinbase who OKCoin hired more Salary information The San Francisco-based company also hired Molly Abraham this month as an associate general counsel for commercial. 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. Los Angeles. Copyright 2023 ALM Global, LLC. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Engage and manage outside counsel to effectively and efficiently represent Coinbase. 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. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. 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. WebThe chart shows total cash compensation for the COINBASE Associate General Counsel, Consumer in the United States, which includes base, and annual incentives can vary anywhere from $245,459 to $386,885 with an average total cash compensation of $316,172. 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. Law Offices of Gary Martin Hays & Associates Former Fenwick associates Douglas Sharp and Lisa Richards were hired by the company over the summer in corporate counsel roles. Chicago-basedKatherine Minarik, who most recently served as general counsel of the Americas for Dyson,will be Coinbasesdeputy general counsel of litigation. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our Team Account subscription service is for legal teams of four or more attorneys. 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. Nicholas Iovino, Judge Grewal Leaves Bench to Join Facebook. Sonia Siddiqui, a lawyer and manager of privacy and cybersecurity at accounting firm Grant Thornton LLP, joined that month as privacy lead. Learn more about a Bloomberg Law subscription. The crypto consortium Centre has hired Rebecca Cohen as general counsel. [7] At that time, he was only the second sitting South Asian federal magistrate judge in the United States. Copyright 2023 ALM Global, LLC. Coinbase has expanded its legal department rapidly since becoming a publicly traded company in April 2021. is the international magazine, in English, that covers legal and inhouse affairs in the United States, through experiences beyond Italys borders to reach overseas destinations and all over the world. Lee A. Schneider is General Counsel at Block.one, one of the worlds largest blockchain companies and creator of the EOSIO blockchain protocol. Cohen most recently served as associate GC at Coinbase. 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. 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. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Site Map, Advertise| WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. Union Square Ventures LLC, which scored big with an investment in newly public cryptocurrency Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Chicago-based Katherine Minarik, who most recently served as general counsel of the Americas for Dyson, will be Coinbases deputy general counsel of Remote work options are also available. 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! Cohen most recently was general counsel at Mark43, a public safety platform. Your article was successfully shared with the contacts you provided. P.C. 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. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Don't miss the crucial news and insights you need to make informed legal decisions. 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 ). Finance Magnates recently learned that Christian Sabella, an executive veteran in the fintech industry, has been named by Coinbase, a US-based Cryptocurrency Exchange, as its new Senior Director and Associate General Counsel of the exchanges capital markets division. 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. The Centre Consortium backs USDC, the worlds largest stablecoin and one pegged to the U.S. dollar whose value last summer broke the $1 billion mark. Copyright 2023 ALM Global, LLC. Danas Cohen comes to Coinbase after spending the past two years as general counsel for Velocity Markets Inc., a digital asset startup she left in November. 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. Nillion has hired Lindsay Danas Cohen as GC. Hwang, another ex-Davis Polk associate, spent the past eight years at Google LLC, most recently as senior counsel in San Francisco. Sara Randazzo, Wall Street Journal, Facebook Hires Judge Paul S. Grewal for Litigation Role. 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. 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. 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. 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. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. 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. 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. 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.
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