Joyce J. Gorman, who advises financial institutions in developing financial and derivative products in the primary and secondary markets, has joined Ballard Spahr’s Public Finance Department as of counsel in Washington, D.C., firm Chair Mark Stewart announced today.

Ms. Gorman concentrates on municipal capital markets. She has experience with direct purchase programs; tender option bond programs; derivatives; liquidity facilities; various forms of credit enhancement; complex transactions, such as tax-exempt gas prepay transactions, that often incorporate securitization and derivative product techniques; and Dodd Frank issues, such as the proposed risk retention and Volcker rules.

“Joyce’s arrival will strengthen the D.C. office’s transactional experience, as well as its relationships with regional, national, and international banks,” said Joseph A. Fanone, Managing Partner of the Washington, D.C., office. “We also expect that she will play a significant role in supervising and training our associates.”

Ms. Gorman’s experience includes structuring and developing new financial products and programs, and combining sophisticated financing techniques in innovative ways. She also represents clients in matters involving workouts, debt restructuring, and distressed credits, as well as commercial real estate. 

“The addition of Joyce in the D.C. office will further enhance the reputation that Ballard Spahr has built over more than six decades as a leader in public finance,” said William C. Rhodes, Chair of the firm’s Public Finance Department. “Her knowledge of capital markets will be a strong asset in project finance transactions, including those involving derivatives, structured finance, energy finance, and public-private partnerships. In addition, we will be relying on her to supplement our strong regional capabilities in connection with national programs such as direct purchase programs, and to help develop our public finance transactional capabilities in our New York office.”

Ballard Spahr is home to one of the premier public finance practices in the country, participating since 1987 in the issuance of more than $250 billion of tax-exempt obligations in all states, the District of Columbia, and American territories. Its nearly 70 public finance attorneys represent state and local governments and authorities, nonprofit organizations, investment banks, and banking institutions in virtually every type of bond transaction.

The firm has been listed as a nationally recognized bond counsel firm in The Bond Buyer's Municipal Marketplace every year since 1958, and Thomson Reuters continuously ranks it among the top firms in the country each year as bond counsel and underwriter's counsel by dollar volume.

Ms. Gorman comes to Ballard Spahr from the Washington, D.C., office of Ashurst, where she was a partner in the Securities and Derivatives Group of the International Finance Department. At Ballard Spahr, she will be a member of the Public Finance Department and the Energy and Project Finance, Municipal Securities Regulation and Enforcement, and Transactional Finance Groups.

“Ballard Spahr is known for the depth and excellence of its public finance work, and I look forward to working as part of a team with national scope, strong institutional relationships across multiple geographic regions and product lines, and impressive transactional depth,” Ms. Gorman said. “I am excited about the possibilities for its future growth.”

Related Practices

Energy and Project Finance
Municipal Securities Regulation and Enforcement
Public Finance
Transactional Finance