Paypal`s Legal Chief Joins the Great Resignation

Patel, who joined the finance ministry in 2017 and served as the agency`s assistant secretary for financial institutions, will lead the PayPal`s legal team on Jan. 1. Pentland announced Tuesday in a LinkedIn post that she was stepping down as chief commercial and legal officer of the Silicon Valley-based fintech giant on Jan. 1. Pentland hired Patel in January as his successor to head the company`s legal department, she said. Martin confirmed Patel`s promotion to general counsel, who has previously testified before the Senate Banking Committee about his humble origins. Dear Louise Pentland, we are not connected, but what an incredible thing. You did what most people are so afraid of. You may have made as many changes by resigning as by hiring a new team. The greatest athletes retire at the time of their choosing, you join their ranks. Good luck to you.

Xiumei Dong reports on the news of the legal industry focusing on the firm`s strategy and growth, in-house counsel and the legal market in Washington, D.C. Contact them at Xiumei.Dong@thomsonreuters.com. Pentland, who led PayPal`s legal functions for nearly seven years, announced his resignation on LinkedIn on Tuesday. Bimal Patel, former head of financial advisory and regulatory practice at O`Melveny & Myers, who held a senior position at the U.S. Treasury Department during the Trump administration, will be the company`s new general counsel. Pentland, who trained as a lawyer in the UK but has always been one of the highest-paid heads in the US legal department, was previously general counsel of Nokia Corp. She has also served other general counsel, such as Wanjiku Walcott, a former general counsel PayPal who is now the lead lawyer for Discover Financial Services Inc. PayPal Holdings Inc. is hiring a new senior lawyer to succeed Louise Pentland, who will step down as Chief Commercial and Legal Officer at the end of the year.

the company confirmed on Tuesday. Pentland said Bimal Patel would take over the PayPal`s legal group on Jan. 1. Patel is a former head of financial advice and regulatory practice at O`Melveny & Myers who worked at the Treasury Department during the Trump administration. Holland & Knight, Kutak Rock and Orrick, Herrington & Sutcliffe have collectively handled nearly 30 percent of U.S. federal PayPal litigation over the past five years, according to data from Bloomberg Law. Douglas Peters, a former litigator at Kutak Rock, joined PayPal nearly a year ago as senior regulatory counsel. Louise Pentland, general counsel of PayPal Holdings Inc., gives up her “dream job.” My internship at the White House was the opportunity of a lifetime. I cannot recommend this possibility enough. Please share widely, and if potential candidates have any questions, feel free to contact us. Pentland joined PayPal in 2015 after 16 years at Nokia Corp.

According to the PayPal proxy circular filed in April, she earned nearly $10.1 million in total compensation last year. Partner @Maslon Law l Trust & Estates, Product Liability and Litigator l Connector l #LawMom #MidLaw Lawyer – Leading Counsel of an experienced local lawyer without BigLaw Prices l Founder @tcjewfolk PayPal spokesperson Amanda Miller told Bloomberg Law that Pentland “will continue to serve as an advisor and advisor to support our ongoing activities and initiatives through mid-2022.” What a phenomenal message. Thank you for speaking and sharing your truth. Good luck with your next chapter PayPal said Monday in a regulatory filing that he would make Pentland a cash payment of more than $2.5 million under a departure agreement before she leaves the company next year. Congratulations on this step towards renewal and for all you have accomplished at PayPai. What a wonderful example of transparency and putting on your oxygen mask first. PayPal is so happy to have had a leader in you! White & Case PayPal advised in September on the $2.7 billion acquisition of Japanese payment platform Paidy Inc. Chief Human Resources Officer and General Counsel, Vida Health Litigation Associate at Dechert LLP | Former federal law articling student #OpportunityAlert: The White House is looking for articling students for summer 2023. It is paid, personal and the deadline is Monday, November 28, 2022. Be sure to share this link with all students who would benefit from this unique opportunity.

For more information: lnkd.in/gvJ-eg_Z #paidinternships #whitehouse #students love this authenticity and can`t wait to see where the journey takes you – toast to the creation of the space âï ̧. “None of us maximizes our potential if we stay in the same role forever,” she wrote. “Renewal for you and your teams should be an open discussion and not hidden in the shadows. My last seven years have been exhilarating and non-stop. » A change facilitator and executive coach to help teams and individuals reach the next level USNWR Rankings Law School Withdrawal questions (including implications for other law schools, LSAT, and admissions) with some best guesses here: lnkd.in/g_35BgNR your neighborhood-friendly legal technology guide| General Counsel at Malbek | Legal tech startup advisor PayPal profit exceeds estimates, U.S. Venmo users can pay on Amazon starting next year Pentland, which has been PayPal`s lead attorney for nearly seven years, reached a separation agreement with the company on Nov. 10, according to a Nov. 15 securities filing. PayPal said that as part of this agreement, Pentland will close before the final separation date of 31.

July 2022 will receive a cash payment of over $2.5 million. ð » Founder, College of Style (#digitalmarketing)ðï ̧ Podcast: Sweet Bytes with Sandra ð1/4 I`ll help you monetize your #personalbrand with #strategiccomms and #visualdesign #ContentMarketing ð Subscribe to YouTube @collegeofstyle PayPal Pentland paid nearly $10.1 million in total compensation in 2020, according to the company`s latest proxy circular. compared to nearly $11.2 million in compensation. which she had received the previous year.