Lisa Ledbetter Joins SNR Denton's Financial Institutions Regulatory Team
Former Freddie Mac Deputy General Counsel, FDIC and US Treasury Counsel Latest Partner in Growing Practice
WASHINGTON, DC, March 6, 2012 - SNR Denton announced today that Lisa M. Ledbetter has joined the firm as a partner in its Financial Institutions Regulatory practice. Ledbetter joins SNR Denton from Freddie Mac where she was most recently vice president and deputy general counsel. She previously served in several senior positions at the Federal Deposit Insurance Corporation (FDIC). Ledbetter is resident in the firm's Washington, DC, office.
"Lisa is one of the financial services industry's top bank regulatory and legislative lawyers," said Robert Bostrom, co-head of SNR Denton's global Financial Institutions and Funds sector and former Freddie Mac executive vice president, general counsel and corporate secretary, who himself joined the firm in the past six months. "She has extensive expertise with the regulatory initiatives emanating from the Dodd-Frank Act, the Housing and Economic Recovery Act and other major banking and financial institutions laws, plus her experience has given her a wealth of contacts in various financial institution regulatory agencies and on Capitol Hill," added Bostrom.
At Freddie Mac, Ledbetter advised senior officers and business clients on the legal and strategic implications of a wide variety of complex business, regulatory and legislative initiatives that affected Freddie Mac, its financial institution customers and other constituents. She advised on both bank safety and soundness and consumer financial services laws, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act. She managed the company's regulatory requests for engaging in new initiatives and investments; developed public comment letters on all types of regulatory and legislative proposals that affected the operations of the financial services industry; and provided representation before regulatory agencies, industry groups and customers. Ledbetter provided counsel on numerous precedent-setting regulatory and conservatorship issues.
"Lisa's arrival underscores the firm's continuing commitment to building a world class Financial Institutions Regulatory practice and to support our global financial institutions platform. She is an invaluable addition and we all look forward to working alongside her and learning from her," added Jana Cohen Barbe, who, with Bostrom, leads the firm's global Financial Institutions and Funds sector team.
Prior to Freddie Mac, Ledbetter held several senior positions at the FDIC. As deputy director of the FDIC's Office of Policy Development, Ledbetter played a critical role during legislative and regulatory consideration of financial services reform, leading to enactment of the Gramm-Leach-Bliley Act. As senior counsel for FDIC legislation and regulation, she was responsible for bank safety and soundness, finance and funding matters, and managing a team of lawyers responsible for addressing the thrift crisis. She was pivotal to addressing the recapitalization of the thrift insurance fund and carrying out the FDIC's regulatory responsibilities under the FDIC Improvement Act. Ledbetter's extensive responsibility for regulatory and legislative initiatives involving banks and financial institutions included banking reform, the thrift cleanup, Glass-Steagall and interstate banking.
Before serving at the FDIC, Ledbetter's position on the Banking and Finance team at the Department of the Treasury gave her the opportunity to draft legislation on a variety of topics, including government-sponsored enterprise reform and the George H. W. Bush administration's bill to reform bank activities and deposit insurance, ultimately enacted as the FDIC Improvement Act. At Treasury, she worked with lawyers at the various financial institution agencies on major regulatory and legislative initiatives.
She also held positions at the American Bankers Association and the Independent Community Bankers of America, where she managed numerous legislative and regulatory issues facing financial institutions.
"I am energized to use my 25 years of experience in financial services to help SNR Denton manage the extraordinary challenges clients face in the post-Dodd-Frank world," said Ledbetter. "To bring my corporate, government and association experience to bear alongside a first-rate team of lawyers and professionals at a global firm is an exceptional opportunity."
Ledbetter earned her J.D. from American University, Washington College of Law, and her B.A. from George Mason University.
About SNR Denton
SNR Denton is a client-focused international legal practice delivering quality and value. We serve clients in key business and financial centers from more than 60 locations worldwide, through offices, associate firms and special alliances across the US, the UK, Europe, the Middle East, Russia and the CIS, Asia Pacific and Africa, making us a top 25 legal services provider by lawyers and professionals. Joining the complementary top tier practices of its founding firms—Sonnenschein Nath & Rosenthal LLP and Denton Wilde Sapte LLP—SNR Denton offers business, government and institutional clients premier service and a disciplined focus to meet evolving needs in eight key industry sectors: Energy, Transport and Infrastructure; Financial Institutions and Funds; Government; Health and Life Sciences; Insurance; Manufacturing; Real Estate, Retail and Hotels; and Technology, Media and Telecommunications. Please see snrdenton.com for more information and Legal Notices.