Jones Day hired Ilene Froom as a partner in the banking and finance practice based in New York. She previously worked at JPMorgan Chase Bank where she was executive director and assistant general counsel.
Froom's experience focuses on analyzing and advising on issues impacting derivatives transactions and on drafting and negotiating the related documentation.
In looking at a transaction, she examines securities laws, contractual restrictions, accounting, tax, bankruptcy, recharacterization, local law, credit, and risk allocation issues. She has worked with various types of products such as total return swaps, hedging and monetization strategies, variance swaps, dividend swaps, correlation swaps, dispersion swaps, collars, and customized hedges.
She also has considerable experience in deals involving credit, foreign exchange, and interest rate derivatives.
"Ilene is a distinguished derivatives lawyer with deep experience advising major financial institutions in a wide range of structured products transactions," said Willis Goldsmith, Partner-in-Charge of Jones Day's New York Office. "She is a substantial addition to our existing strong capabilities in advising clients in these matters."
Froom is an active participant in the ISDA's Equity Derivatives Committee and worked extensively on the 2011 ISDA Equity Derivatives Definitions published in July 2011. She is a frequent speaker and commentator on derivatives and has presented at conferences for ISDA, PLI, ACI and the New York City Bar.
Froom is a member of the derivatives and structured products law committee of the New York State Bar Association, and was chairperson of the Committee from fall 2006 to fall 2009. She is currently chairperson of the Membership Committee of the New York State Bar Association's Business Law Section. Froom is also a member of the New York City Bar's Futures and Derivatives Committee and is on the advisory council for Women in Derivatives.
"Ilene is an excellent addition to the Firm and adds even more depth to our Structured & Derivative Products," said Brett Barragate, co-chair of Jones Day's banking and finance practice. "Her significant experience in the derivatives area, including a leadership role in developing the new ISDA definitions for equity derivatives, will be of tremendous value to our clients and we're delighted to welcome her to our New York Office."