William Rhodes > Ballard Spahr LLP > Philadelphia, United States > Lawyer Profile
Ballard Spahr LLP Offices
1735 MARKET STREET, 51ST FLOOR
PHILADELPHIA, PA 19103-7599
PENNSYLVANIA
United States
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William Rhodes
Work Department
Finance
Position
Partner, Leader of Education Industry Group, Leader of Municipal Recovery Initiative
Career
William C. Rhodes leads the firm’s Education Industry Group and its Municipal Recovery Initiative. Bill regularly represents issuers, broker-dealers, and investors in all areas of public finance, with an emphasis on the offering of high-yield (unrated) municipal securities.
Bill represents clients in the financing of public infrastructure, transportation, project financing, economic development, and public purpose facilities for governments and their authorities. His clients also include public and private secondary schools, colleges, and universities; health care systems; cultural institutions; and municipal- and investor-owned water, wastewater, and energy utilities. He also has extensive experience in affordable housing, including single-family mortgage finance and multifamily, military, and senior housing projects.
Bill regularly advises issuers, underwriters, municipal advisers, and investors in the evolving landscape of municipal securities regulation and enforcement, including regulatory compliance, primary and secondary market disclosures, and enforcement actions.
Admissions
Colorado, Pennsylvania
Memberships
Colorado Bar Association
Philadelphia Bar Association
National Association of Bond Lawyers (NABL)
Pennsylvania Association of Bond Lawyers (PABL)
Pennsylvania Economy League, Inc., Board Member
Economy League of Greater Philadelphia, LLC, Board Member
Past board member and former President, Elfreth’s Alley Association, a 501(c)(3) corporation that preserves and interprets Elfreth’s Alley, the nation’s oldest continuous residential street and a National Historic Landmark in Philadelphia
Education
Dickinson School of Law of Pennsylvania State University (J.D. 1991)
Member, Dickinson Law Review
Swarthmore College (B.A. 1987, cum laude)
Lawyer Rankings
United States > Finance > Restructuring (including bankruptcy): municipal
(Leading lawyers)Ballard Spahr LLP’s bankruptcy and restructuring practice group is well known for its municipal bankruptcy expertise, particularly in connection with chapter 9 cases involving pension obligations debt. The practice has a strong reputation for advising indenture trustees but also represents fiscally challenged municipalities, underwriters, bond insurers, and institutional investors. William Rhodes in Philadelphia, and Tobey Daluz and Matthew Summers in Wilmington, jointly head the multidisciplinary practice group. Public finance specialist Rhodes leads on municipal recovery and represents issuers, broker-dealers, and investors in all areas of public finance, with a focus on state oversight of distressed municipalities, while litigators Daluz and Summers also have broad bankruptcy experience. In a standout matter, Rhodes and Kevin Cunningham, also in Philadelphia, represented an indenture trustee in connection with the covenant defaults and financial distress of the owners and operators of multi-family housing units, involving asset sales, bondholders’ presentations, and the negotiation of forbearance agreements. William Wassweiler in Minneapolis plays an important role in the team, and regularly advises financial institutions serving as corporate trustees in circumstances involving municipal bonds.
Lawyer Rankings
- Leading lawyers United States > Finance > Restructuring (including bankruptcy): municipal
- Restructuring (including bankruptcy): municipal United States > Finance
Top Tier Firm Rankings
Firm Rankings
- Real estate > Land use/zoning
- M&A/corporate and commercial > M&A: middle-market (sub-$500m)
- Finance > Restructuring (including bankruptcy): municipal
- Labor and employment > Employee benefits, executive compensation and retirement plans: design
- Finance > Fintech
- Labor and employment > Labor-management relations
- Dispute resolution > Product liability, mass tort and class action - defense: automotive/transport
- Real estate > Real estate
- Real estate > Real estate investment trusts (REITs)
- Energy > Renewable/alternative power
- Dispute resolution > Financial services litigation
- Media, technology and telecoms > Media and entertainment: litigation
- Real estate > Real estate finance
- Antitrust > Civil litigation/class actions: defense
- Dispute resolution > Securities litigation: defense
- Finance > Financial services regulation
- Dispute resolution > Corporate investigations and white-collar criminal defense