Prainito, Frank J.

J. Hobson ("Hobby") Presley, Jr. is a Partner in the Birmingham office and the head of the firm's Public Finance Practice Group. He has practiced public finance law for over three decades and is recognized as a leader in his field.

Often serving as bond counsel or underwriter's counsel, Hobby has worked on hundreds of transactions for governmental and nonprofit borrowers. In addition, he has served in various other roles in bond financings, including counsel to credit enhancers and counsel to issuers. A significant portion of his practice is devoted to healthcare finance for nonprofit and governmental hospitals and systems. Complementing his work in healthcare finance, Hobby's transaction portfolio also includes significant merger, acquisition and joint venture structuring and documentation. Hobby also advises public finance clients on post-issuance tax compliance, including change in use rules, arbitrage rebate compliance, and tax controversy and audit representation.

Hobby also helps clients utilize swaps and other derivative products to hedge against various risks. He represents both swap market makers and users of derivative products.