John M. McNally
2nd Office: New York
Mr. McNally is a partner in the Washington, D.C. office of Hawkins Delafield & Wood LLP. He was on the Board of Directors of the National Association of Bond Lawyers (“NABL”) for eight consecutive years (2004-2012), and served as President during the 2010-2011 term. He was an attorney in the Municipal Securities Branch of the Division of Market Regulation, Securities and Exchange Commission from 1976 to 1979. At the Commission, he was a member of the Municipal Securities Disclosure Task Force. Mr. McNally graduated from Georgetown University Law Center in 1976 and from the University of Pennsylvania (cum laude) in 1972.
Mr. McNally’s practice includes both a securities practice and a public finance transactional practice, and he is a frequent speaker regarding the application of the federal securities laws to public finance transactions. Mr. McNally served as Project Coordinator for the Third Edition of DISCLOSURE ROLES OF COUNSEL IN STATE AND LOCAL GOVERNMENT SECURITIES OFFERINGS, a joint publication of the American Bar Association and NABL that was published in October 2009, which was referred to by The New York Times as “the new disclosure bible for municipal bond lawyers.” During Mr. McNally’s term as NABL President, NABL (with Mr. McNally as Co-Reporter) led a Municipal Market Task Force on Public Pension Disclosure, which included the AICPA, GFOA, NAST, NFMA, and SIFMA, among other organizations. In May 2012, the Task Force published its guidance, entitled “Considerations in Preparing Disclosure in Official Statements Regarding an Issuer’s Pension Funding Obligations.”
Hawkins currently serves as Disclosure Counsel to the Cities of San Diego, San Francisco, and Philadelphia (General Fund), and Mr. McNally is the principal contact for each of those engagements. For each such client, Mr. McNally has prepared written disclosure controls and procedures and has conducted associated securities law training seminars.
In August 2014, NABL published guidance regarding the SEC’s Municipalities Continuing Disclosure Cooperation (MCDC) Initiative, and Mr. McNally was the principal drafter of that guidance. In September 2015, NABL awarded Mr. McNally the Bernard P. Friel Medal for “distinguished service in public finance.”
National Association of Bond Lawyers