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. [7] At that time, he was only the second sitting South Asian federal magistrate judge in the United States. 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. She was most recently general counsel at general counsel for flying car startup Kitty Hawk Inc. Coinbase currently lists on its website openings for at least 10 legal and compliance positions in Berlin, London, New York, San Francisco, and Tokyo. 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 In December, Coinbase filed confidentially for an initial public offering. 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? Strait joins Coinbase as it prepares to go public. Coinbase advertising its initial public offering at the Nasdaq MarketSite in New York on April 14, 2021. [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. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Buying Legal Council Taps New Leadership as Founder Steps Back, After Trial by Fire, Robinhood Legal Chief Knows Keys to Getting Along With SEC, Five Actions CLOs Can Take to Drive Successful Change Management in 2023, Inside Track: Determining when to Allow Executive Stock Sales is Getting Trickier, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. 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. 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. 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. All Rights Reserved. Terms of Service. 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. Sara Randazzo, Wall Street Journal, Facebook Hires Judge Paul S. Grewal for Litigation Role. 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. Not a Bloomberg Law Subscriber?Subscribe Now. At Coinbase, Grewal replaced Brian Brooks, who recently served as acting head of the Office of the Comptroller of the Currency. Customer Service| Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Hwang, another ex-Davis Polk associate, spent the past eight years at Google LLC, most recently as senior counsel in San Francisco. [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. [15] On June 14, 2022, Coinbase announced that it would layoff 18% of its workforce. Coinbase had already recruited several legal staffers prior to the end of Brooks tenure as legal chief nearly a year ago. 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. He was most recently acting director of the U.S. Securities and Exchange Commissions (SEC) Division of Trading and Markets. 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. Beijing-based OKCoin legal counsel Phoebe Gan and Megan Monroe-Coleman, a former senior director of compliance at Coinbase who OKCoin hired more 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! Strait herself is not a lawyer, but her hire by Coinbase was touted by Paul Grewal, a former deputy general counsel at Facebook Inc. who joined the San Francisco-based company last summer as its chief legal officer. In his new role, Sabella will lead the cryptocurrency exchanges capital markets legal work. Join Corporate Counsel now! 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. Learn more about a Bloomberg Law subscription. Coinbase and Circle Internet founded Centre in 2018 to set standards for blockchain Our growing legal team is building out its litigation practice. 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. 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. WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues. The hashtag relistXRP is trending again on Twitter. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? LexisNexis and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. 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. Our Team Account subscription service is for legal teams of four or more attorneys. Our Team Account subscription service is for legal teams of four or more attorneys. About Us| Union Square Ventures LLC, which scored big with an investment in newly public cryptocurrency exchange Coinbase Global Inc., has hired its first general counsel. Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success. Copyright 2023 ALM Global, LLC. Lee A. Schneider is General Counsel at Block.one, one of the worlds largest blockchain companies and creator of the EOSIO blockchain protocol. 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. 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. 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. Tech startup Nillion has scooped up a former in-house legal leader for Coinbase to serve as the companys first-ever general counsel. Law Offices of Gary Martin Hays & Associates As Nillions only in-house lawyer at the moment, Lindsay Danas Cohen plans to build the legal team very deliberately, she stated Tuesday in an email. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Our team is thinking hard about structures that make sense for our portfolio companies and our limited partners.. Don't miss the crucial news and insights you need to make informed legal decisions. Former legal chief Brian Brooks currently leads the Office of the Comptroller of the Currency, where he is reshaping U.S. banking laws. 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. 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. 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. 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. (Corrects throughout spelling of Samson Mesele's last name. 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. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Both options are priced the same. He also confirmed the recent hires of head of intellectual property Ariana Woods and two associate general counsel, Xiaolin Miranda Ma and Youli Lee. Shirzad, Coinbases new policy chief, will report to Coinbases chief legal officer and corporate secretary, Paul Grewal, hired by the company last year from Facebook Inc. Coinbase disclosed in securities filings this year that Grewal received a total compensation package valued at more than $18 million. OCC Permits National Banks to Enter Stablecoin Arena, Cryptocurrency Exchange Coinbase Picks Direct Listing Over IPO, Wall Street Fumes at 11th-Hour Rule From Trump Bank Watchdog (3), Bitcoin Breaks Records, and the Exchanges Where Its Traded, Coinbase Sued Over XRP Commissions After SEC Pursues Ripple, joined the San Francisco-based company last summer, transforming the future of financial services, some lawyers and its former compliance chief depart, Stripes Melissa Strait, half-dozen lawyers join Coinbase, Cryptocurrency exchange has confidentially filed to go public.

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