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. All Rights Reserved. Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain-based financial services. 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. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Our Team Account subscription service is for legal teams of four or more attorneys. 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. Not a Bloomberg Law Subscriber?Subscribe Now. Beijing-based OKCoin legal counsel Phoebe Gan and Megan Monroe-Coleman, a former senior director of compliance at Coinbase who OKCoin hired more 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Coinbase Inc., a fast-growing cryptocurrency exchange eyeing a potential initial public offering, has made another high-profile legal recruit. WebCoinbase. 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. A company spokeswoman confirmed those numbers, and said in a statement to Bloomberg Law that a strong and diverse legal and compliance team is also a key part of achieving our priority of Coinbase to be the most trusted.. In December, Coinbase filed confidentially for an initial public offering. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Coinbase Adding Lawyers, Taps New Compliance Chief [9] Grewal retired from the bench on June 3, 2016. April 1, 2021 General Counsel. She spent the past five years at Stripe Inc., where she was global head of financial crimes at the online payment processor, which has been busy hiring in-house lawyers in recent months. 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. Cohen most recently was general counsel at Mark43, a public safety platform. 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. Learn more about a Bloomberg Law subscription. Counsel Law Offices of Gary Martin Hays & Associates Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Coinbase had already recruited several legal staffers prior to the end of Brooks tenure as legal chief nearly a year ago. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Coinbases rapid growth has not come without controversy. The company also this week announced its addition of a new non-lawyer head of capital markets in Brett Redfearn. Site Map, Advertise| Terms of Service. Brian P. Brooks - Wikipedia [5] While a judge on that court, Grewal sat on the Northern District's Technology Practice and Patent Instructions and Rules Committees. All Rights Reserved. The latters parent company hired Deborah Djeu, vice president of regulatory affairs at cryptocurrency custodian BitGo Inc., as its head of regulatory in April. 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. 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 Previously, Grewal was vice president and deputy general counsel at Facebook , and is 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. Join Corporate Counsel now! Coinbase advertising its initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. Grewal currently owns roughly $856,000 in Coinbase stock, per Bloomberg Law data. 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. Chintan Amin, NASABA, Former NASABA President Paul Grewal Appointed Federal Magistrate Judge. 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? Site Map, Advertise| Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. Lee A. Schneider is General Counsel at Block.one, one of the worlds largest blockchain companies and creator of the EOSIO blockchain protocol. Jade Clemons, a former attorney with Fenwicks flexible working arm, joined Coinbase in September as a commercial counsel. 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. [1][2][3] Grewal then earned a Juris Doctor from the University of Chicago in 1996. Paul S. Grewal. 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. As Nillions only in-house (Corrects throughout spelling of Samson Mesele's last name. 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. All Rights Reserved. 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! Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companysfirst-evergeneral counsel. Senior Counsel, Litigation At Coinbase, our mission is to increase economic freedom around the world, and we couldn't do this without hiring the best people. 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! Draft and file pleadings and briefs as needed. Don't miss the crucial news and insights you need to make informed legal decisions. As is usually the case, the demand is directed at the largest crypto exchange in the United States, Coinbase. 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. [16] Grewal defended the layoffs, arguing that it needed to be done to "ensure we stay healthy during this economic downturn. Grewal didnt respond to a request for comment. Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments. 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. Coinbase is an $8 billion Silicon Valley startup that is one of the largest digital currency Join Corporate Counsel now! [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. Customer Service| 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. Our Team Account subscription service is for legal teams of four or more attorneys. Copyright 2023 ALM Global, LLC. To view this content, please continue to their sites. Coinbase About Us| [4], Grewal is the former president of the National South Asian Bar Association. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Other Coinbase lawyers have taken roles at company-supported endeavors. 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. Our team is thinking hard about structures that make sense for our portfolio companies and our limited partners.. Deok Keun Matthew Ahn left his role as an associate general counsel at Coinbase in October to become deputy general counsel at Zumper Inc., an apartment rental startup whose legal chief is former Coinbase lawyer Aaron Hou. 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. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. 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. Like all great innovations, change comes with challenges, he wrote. Union Square Ventures Adds First GC Amid Coinbase Haul (Correct)