Updated 3:56 p.m.
SNR Denton has added the former vice president and deputy general counsel from Freddie Mac to its financial institutions regulatory practice, the firm announced Tuesday.
Lisa Ledbetter joins SNR as a partner based in Washington. In her previous role with Freddie Mac, Ledbetter advised senior officers and clients on implications of business, and regulatory and legislative initiatives that affected Freddie Mac. She also advised on bank soundness, the Dodd-Frank Act and the Consumer Protection Act.
Before joining Freddie Mac, Ledbetter held several positions at the Federal Deposit Insurance Corporation.
“Lisa is one of the financial services industry’s top bank regulatory and legislative lawyers,” Robert Bostrom, co-head of the firm’s global financial institutions and funds practice, said in a written statement. Bostrum served as Freddie Mac's general counsel for five years through last July, when he moved to SNR.
Ledbetter was at Freddie Mac during the restatement and before and after the conservatorship. After all that, she said it was time to move on. Ledbetter said that she is eager to revisit her bank regulatory practice, which was the bulk of her experience prior to joining Freddie Mac.
“I looked at several firms and financial institutions and this was the best one,” Ledbetter said in an interview.
The Housing and Economic Recovery Act, which led to the conservatorship of Fannie Mae and Freddie Mac, was modeled after banking law, Ledbetter said. “In some respects, it’s virtually identical,” she said.