With government regulation of the $277 trillion swaps market pending, Davis Polk & Wardwell has snapped up commodities expert Susan Ervin, adding the veteran of the Commodity Futures Trading Commission and the Securities and Exchange Commission as a partner in Washington.
Since 2009, Ervin has served as an attorney fellow/senior advisor at the SEC, where she helped develop regulatory approaches to the derivatives markets.
She also worked at the CFTC from 1982 to 1997, where her jobs included deputy director and chief counsel of the CFTC’s Division of Trading and Markets.
She left the CFTC in 1997 to join Dechert (then named Dechert Price & Rhoads).
“The combination of our long-tenured financial regulatory lawyers and our strategic lateral hires has positioned Davis Polk as the go-to firm for leading financial institutions on their Dodd-Frank Act implementation work,” said Thomas Reid, Davis Polk’s managing partner, in a news release. “Susan has a unique and powerful mix of direct regulatory and private practice experience with which to guide our clients through the maze of futures, commodities and new swaps regulatory requirements.”
Ervin is also the incoming chair of the Derivatives and Futures Law Committee of the American Bar Association.