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Jones Day's Kim Desmarais and Tim Hoxie inducted Into American College of Commercial Finance Lawyers

Kim Desmarais, a partner in Jones Day's Financial Markets Practice, and Tim Hoxie, of counsel in the M&A Practice, have been inducted as fellows into the American College of Commercial Finance Lawyers ("ACCFL").

Ms. Desmarais and Mr. Hoxie were inducted into the College in a special ceremony in Atlanta on April 2, 2022, during the ACCFL annual meeting. 

Election to the College is limited to commercial finance lawyers, jurists, and academics who have not only achieved preeminence in the field of commercial finance law, but also have contributed significantly to the education of others in commercial finance law through teaching, lecturing, or published writings.

Ms. Desmarais, who is based in Jones Day's New York Office, has successfully acted as lead counsel on complex U.S. and cross-border financings across a broad range of industries for two decades. She has a strong leveraged lending background and represents borrowers, banks, private debt funds, commercial finance companies, and other institutional lenders in a variety of secured and unsecured transactions, with a particular focus on acquisition finance, asset-based loans, and alternative lending transactions in the funds and fintech sectors.

"Kim is a highly accomplished lawyer who is regularly asked to advise on lending arrangements involving a wide range of complex deals, including crypto assets and companies in the digital assets industry, and is actively involved in Jones Day's global FinTech Working Group," said Jay Tambe, who leads Jones Day's Financial Markets Practice. "She has also been instrumental in advising on LIBOR transition and new benchmarks as a co-coordinator of Jones Day's global LIBOR Transition Working Group. We are proud to work alongside her every day in serving our clients worldwide and congratulate her on this well-deserved honor from the ACCFL."

Mr. Hoxie, who is based in Jones Day's San Francisco Office, has more than 30 years of experience counseling public and private clients on mergers and acquisitions, public and private debt and equity financing transactions, corporate governance, securities law compliance, and joint ventures. He represents clients in a variety of industries, including semiconductor equipment manufacturers, private equity investors (and in particular sovereign investors), health care enterprises, solar power companies, and professional services firms.

"Tim has built an exceptional career as an M&A lawyer, advising clients on public and private acquisitions, both domestic and cross-border," said James Dougherty, who leads Jones Day's M&A Practice. "He also has an extensive body of work with private equity representations and working on behalf of investors in venture capital transactions. His induction into the ACCFL is a reflection of his professional excellence for more than three decades and all of us at Jones Day congratulate him on this prestigious recognition."

The ACCFL, founded in 1991 by a group of lawyers active on the Commercial Financial Services Committee of the Business Law Section of the American Bar Association, is a professional organization dedicated to promoting the field of commercial finance law through education, legislative reform, and the recognition of distinguished practitioners, jurists, and academics. The College offers a venue to promote and celebrate outstanding achievement and advances in the field of commercial finance law.

Nomination for Fellow is by invitation only, and each Fellow must be approved by the ACCFL Board of Regents. Qualification requirements include the highest ethical and moral standards and excellent character; substantial experience in the field of commercial finance law; and repeated and substantial contributions to the promotion of learning and scholarship in commercial finance law through teaching, lecturing, or published writings.

Jones Day is a global law firm with more than 2,400 lawyers in 42 offices across five continents. The Firm is distinguished by: a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.