An incredible legal strategist and a fantastic leader.
'His academic and practical contribution to the field is outstanding,' say observers, adding that he 'wrote the book on securitization, literally' and 'has played a pivotal role in many regulatory initiatives.'
Chambers USA Jason H.P. Kravitt is a partner based in New York at the international law firm of Mayer Brown, which is one of the 15 largest law firms in the world. He served as the Co-Chairman of the firm’s Management Committee from June 1998 through June 2001 and served on that Committee from June 1997 until June 2009. Jason is also the founder of the firm’s securitization practice (one of the most highly rated law firm securitization practices in each of the US, Europe and Asia, by Chambers and Partners Rating Service (“Chambers”) and all other law firm rating services) and senior partner in that practice, and participates in a variety of finance and regulatory related practices. Jason has participated in or chaired numerous professional and law school seminars and conferences on securitization and written numerous articles for legal journals and professional publications, is Editor of, and a contributing author to, the two-volume treatise, Securitization of Financial Assets, Aspen Law & Business (2d ed. 2011), generally accepted as the seminal treatise in the industry, is on the Advisory Boards of The Financier, The Securitization Conduit and American Securitization publications, is an Adjunct Professor of Law at each of Northwestern University Law School and New York University Law School, an Adjunct Professor of Finance at the Kellogg Graduate School of Management of Northwestern University, is a fellow in the American College of Commercial Finance Lawyers and is a member of the Advisory Board to the Duke Global Capital Markets Center. Jason has been chosen by Chambers as one of the top 100 internationally prominent lawyers and one of the top securitization lawyers in New York City and by Euromoney Legal Media Group as one of the “Best of the Best” in Structured Finance for the US. He has also been listed in Euromoney’s Guides to the World’s Leading Capital Markets Lawyers. Chambers quotes industry observers as saying that His academic and practical contribution to the field is outstanding, that he wrote the book on securitization, literally and has played a pivotal role in many regulatory initiatives. Jason is listed as a “pre-eminent securitization lawyer” (Chambers Global Guide), and has been called a “landmark of the industry” (Chambers USA 2006) and Jason Kravitt, who 'wrote the bible on securitization (Chambers USA 2009). “A leader in the securitization field for many years” (Chambers USA 2012). An incredible legal strategist and a fantastic leader (Chambers USA 2010) Absolutely the number one lawyer in securitization (Legal 500 USA 2009). “Commended for ‘industry and regulatory knowledge, strength of counsel, and accuracy in prediction” (Legal 500 USA 2010). Jason was chosen by Financial Times as one of the 10 most innovative lawyers in America in 2010 and as the best lawyer in securitization in NYC by “Best Lawyers 2012 Lawyers of the Year.”
Jason often represents industry groups such as large issuers of Asset-Backed Securities, sponsors of ABCP Conduits, SIFMA, the American Securitization Forum and the European Securitization Forum with regard to securitization regulatory initiatives, including, for example, the Basel Committee on Banking Supervision’s Risk-Based Capital Consultative Papers, the F.F.I.E.C.’s Risk Based Capital projects, the F.A.S.B.’s Standards for Securitization, the F.A.S.B.’s Standard for Consolidation for SPEs, the SEC amendments to Rule 2a 7 and the SEC’s Regulation AB, and often helps to lead initiatives in the securitization industry during times of market or other stress. Jason is also one of the three founders and the former Deputy Chair of the US Securitization Industry’s premier trade association, the American Securitization Forum, and is a founder and the sole original member still serving on the Board of Directors of the European Securitization Forum.
Jason has helped the firm’s clients to create some of the most significant securitization products used in the capital markets today, including the first partially enhanced multi-seller asset-backed commercial paper vehicle, in 1989, the first CLO, FRENDS, in 1988, and the Mortgage Partnership Finance Program for the Federal Home Loan Banks. He has worked for clients such as ABN, Ally Bank, Bank of America, Bank of New York Mellon, Barclay’s Capital, BNP/Paribas, Calyon, CIBC, Citigroup, Commonwealth Bank of Australia, Credit Suisse, Deutsche Bank, EMI, GECC, GMAC, Goldman Sachs, HSBC, JP Morgan, Lehman Bros., Merrill Lynch, Morgan Stanley, PNC, Royal Bank of Canada, Societe Generale, UBS, Wachovia, Westpac, and similar banks and issuers throughout his career. Most recently, Jason was hired by the (i) Sponsoring Banks (Bank of America, Citigroup and JP Morgan) of the Master Liquidity Enhancement Conduit to help lead the structuring of that vehicle, designed to be a $100 billion rescue of the SIV industry and (ii) Citigroup and Morgan Stanley to help lead the structuring of Straight-A Funding LLC, the $60 billion conduit to help rescue the financing of Student Loans. He is also often hired to help financial institutions deal with serious regulatory issues or government investigations or to settle major litigation or potential litigation such as the Bank of New York Mellon’s record-setting $8.5 billion settlement with Bank of America concerning 530 Countrywide RMBS trusts.
Jason has also served as Chairman of The Cameron Kravitt Foundation, a member of the Board of Managers of the Metropolitan Chicago YMCA, and a principal of Chicago United.
A Phi Beta Kappa graduate of The Johns Hopkins University in 1969 (where he has been Chairman of the Advisory Board to the Dean of the Krieger School of Arts & Sciences), Jason obtained his J.D. cum laude from Harvard Law School in 1972 and received a diploma in comparative law from Cambridge University in 1973.