Coinbase plans to go public through a direct listing, an alternative to an initial public offering, Bloomberg News recently reported. Chicago-based Katherine Minarik, who most recently served as general counsel of the Americas for Dyson, will be Coinbases deputy general counsel of 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. Coinbase Global Inc., the largest U.S. cryptocurrency exchange that expects to go public in April, has brought on veteran Katherine Minarik and Milana McCullagh will work with Paul Grewal, a former Facebook lawyer who joined Coinbase as chief legal officer in July. Lennon didnt respond to a request for comment about the circumstances surrounding her exit. 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.. a consortium founded five years ago by crypto heavyweights Coinbase and Circle Internet to set standards for blockchain-based financial services, has hired Rebecca Cohen as general counsel. Coinbase chief compliance officer Jeff Horowitz is leaving, although his departure is reportedly not due to the politics ban. [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. For more information, visit the Groups website www.lcpublishinggroup.com, For more information, visit the Groups website, Real Estate, Construction & Infrastructure. All Rights Reserved. Our team is thinking hard about structures that make sense for our portfolio companies and our limited partners.. Amy Luo, senior counsel for global business development and stablecoins, wrote on her LinkedIn profile last month that she had become general counsel for the Centre Consortium, a group backed by Coinbase and cryptocurrency company Circle Internet Financial Ltd., the latter of which hired a new general counsel in September. Your article was successfully shared with the contacts you provided. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. Learn more about a Bloomberg Law subscription. 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. 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. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? 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. Hwang, another ex-Davis Polk associate, spent the past eight years at Google LLC, most recently as senior counsel in San Francisco. Copyright 2023 ALM Global, LLC. USVs other investments include Casetext Inc., a legal research startup whose other backers include an unidentified large law firm and startup accelerator Y Combinator Continuity. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain [5] While a judge on that court, Grewal sat on the Northern District's Technology Practice and Patent Instructions and Rules Committees. https://www.law.com/corpcounsel/2022/05/04/coinbase-backed-crypto-consortium-appoints-new-general-counsel/. Paul Singh Grewal is an American attorney working as chief legal officer at Coinbase. Prior to that date Coinbases customers were unable tobuy, Cash were, in general, able to engage in Bitcoin Cash [3], Grewal was a former president of the South Asian Bar of Northern California and the Northern American South Asian Bar Association. Your article was successfully shared with the contacts you provided. 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? (Corrects throughout spelling of Samson Mesele's last name. [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. 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. Both options are priced the same. Centre manages USD Coin, an essential part of Coinbase's trading system. License our industry-leading legal content to extend your thought leadership and build your brand. 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 ). WebAverage Coinbase Associate General Counsel yearly pay in the United States is approximately $343,095, which is 195% above the national average. 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. Coinbase is building out its stable of in-house lawyers as the company looks to go public. 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. 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. Coinbase advertising its initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. Arya Sadeghi, a principal corporate counsel at data analytics company CoreLogic Inc. in Irvine, Calif., was hired as senior counsel. Grewal currently owns roughly $856,000 in Coinbase stock, per Bloomberg Law data. WebDirector, AGC Corporate at Coinbase San Francisco, California, United States. Former Fenwick associates Douglas Sharp and Lisa Richards were hired by the company over the summer in corporate counsel roles. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companys first-ever general counsel. 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. 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. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Copyright 2023 ALM Global, LLC. Our Team Account subscription service is for legal teams of four or more attorneys. 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. Grewal, a 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. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Centre. The company for the past year has been expanding its legal staff under chief legal officer Paul Grewal, who joined the company last summer. 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. Continuing to recruit legal talent from big-name companies,San Francisco-based digital currency exchange Coinbasehas brought on two new senior-level in-house attorneys, pulling from the legal departments of Google and Dyson. WebAfter working at Fannie Mae, Brooks was Chief Legal Officer of Coinbase from 2018 to 2020. On this Wikipedia the language links are at the top of the page across from the article title. The crypto consortium Centre has hired Rebecca Cohen as general counsel. 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. A branded coffee mug at the Coinbase Inc. office in San Francisco. Company co-founder and CEO Brian Armstrong could reap a $3 billion windfall from the listing. All Rights Reserved. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. The company is now in a quiet period mandated by regulators that precedes a stock market debut. Brooks, a proponent of transforming the future of financial services, stepped down from the federal banking regulator last month after making a last-minute rule change that unnerved Wall Street. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. I currently manage a team of US regulatory lawyers and licensing specialists with responsibility for regulatory strategy 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. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. 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. 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. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? We are pursuing many complex investments across our web and mobile, crypto, and climate platforms, Mesele said in a statement about his new general counsel role. 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? Jade Clemons, a former attorney with Fenwicks flexible working arm, joined Coinbase in September as a commercial counsel. Prior to joining the SEC, Sabella served as an associate with Shearman & Sterling. National Public Radio reported last year on the experience of Lee and other working mothers trapped at home during the coronavirus pandemic. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. 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. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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! 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. 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. 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. Remote work options are also available. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companysfirst-evergeneral counsel. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. 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. 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. https://www.law.com/corpcounsel/2022/10/11/nillion-taps-ex-coinbase-legal-leader-to-serve-as-general-counsel/. 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. [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. The announcement was made by Coinbasechief legal officer Paul Grewalon the social platform Twitter. 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. 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! WebCarly Nuzbach Lowery, who is based in London, most recently was associate general counsel at cryptocurrency exchange Coinbase. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Several former Coinbase lawyers are now in regulatory positions. 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. Chicago-basedKatherine Minarik, who most recently served as general counsel of the Americas for Dyson,will be Coinbasesdeputy general counsel of litigation. Nillion is a Web3 startup founded in 2021. 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. Ross Todd, The Recorder, Judge Grewal to Leave Bench for Facebook. https://www.law.com/corpcounsel/2020/10/30/coinbase-adds-attorneys-from-google-dyson-to-legal-department/. 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. Sara Randazzo, Wall Street Journal, Facebook Hires Judge Paul S. Grewal for Litigation Role. P.C. Our Team Account subscription service is for legal teams of four or more attorneys. License our industry-leading legal content to extend your thought leadership and build your brand. 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. Other recent recruits include Carly Nuzbach Lowery, a former senior legal counsel at Uber Technologies Inc. in London, where she joined Coinbase this month as an associate general counsel. Like all great innovations, change comes with challenges, he wrote. Jeff John Roberts, Fortune:Tech, Federal Judge Quits to Join Facebook. The Sedona Conference, Hon. 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
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