Frequently Asked Questions
What does Harry Jho LLC do?
Harry Jho LLC is a law firm specializing in prime brokerage, ISDA-documented OTC derivatives and securities finance. The Firm is a trusted advisor for banks, hedge funds and industry groups seeking to manage their trading agreements and counterparty risk.
Who are the Firm’s clients?
The Firm advises banks (prime brokers and dealers), hedge funds and industry groups. It has advised every single new entrant in the equity prime brokerage industry in the last 10 years in the launch of their business, and has advised two of the top five prime brokers for over 10 years consecutively. The Funds Team has advised some of the largest hedge funds in the world, who collectively manage hundreds of billions of dollars.
How can the Firm advise both banks and hedge funds?
The Firm advises clients through two separate and independent practices: the Dealers Team (sell-side) and the Funds Team (buy-side). The teams share a common back office and management but have separate Analyst teams, physical and informational walls, separate computer systems, restricted file access, separate email domains and separate data storage security groups. Todd Blanke supervises the Dealers Team and Lawrence Wu supervises the Funds Team; Harry Jho (Managing Partner) and Karl Fey (COO) are the only professionals who sit above the wall.
What types of agreements does the Firm work on?
Prime brokerage (account agreements, committed facilities, margin and pricing schedules, and complex term margin facilities); ISDA-documented OTC derivatives, including equity derivatives, equity swaps, total return swaps and options; repo, including MRAs, GMRAs, equity repo, triparty and FICC sponsored repo; stock loan (MSLA and GMSLA); securities forwards under MSFTAs; futures account agreements; NAV waivers; UMR (Reg IM and Reg VM) and other regulatory re-papering; commercial contracts such as data, research and alternative data feeds, software licenses, NDAs and electronic access and trading agreements; and crypto prime brokerage and crypto futures contracts.
What is the Firm’s connection to ISDA?
The Firm has long represented the International Swaps and Derivatives Association, Inc. (ISDA). As counsel to ISDA, the Firm drafted the documentation and led the working groups that produced the Master Confirmation Agreements used for flow trading of equity swaps and options in the US and Europe. Harry Jho also drafted the 2011 ISDA Equity Derivatives Definitions and the Equity Matrices, and is the author of An Index of ISDA Terms, published in 2007 by ISDA. See Master Confirmation Agreements.
Which market events has the Firm advised clients through?
The 2008 global financial crisis and the Lehman bankruptcy, customer defaults, trade and margin disputes, exchange closures, regulatory repapering (Reg VM, Reg IM, LIBOR), new product and fund launches, regulatory investigations, GameStop, Archegos, and the Russian exchange closures and sanctions.
How does the Firm protect client information?
In addition to the information barriers between its two practices, the Firm’s information security program has been certified to the ISO/IEC 27001:2022 standard.
When was the Firm founded, and how large is it?
Harry Jho LLC was founded in 2007. It has 50+ professionals, most of them Analysts, across its Dealers and Funds Teams and three offices. All of the Firm’s attorneys are admitted to practice in New York State.
Where are the Firm’s offices?
New York: 40 Rector Street, Suite 1050, New York, NY 10006. Winter Springs (Orlando area): 156 Tuskawilla Road, Suite 2352, Winter Springs, FL 32708. Miami: 200 S Biscayne Blvd, Fl 20, Miami, FL 33131.
How do I contact the Firm?
Call 212-696-2707 (fax 917-386-2776) or email contact@harryjho.com. Prospective candidates should write to applications@harryjho.com. See the Contact page.
What roles is the Firm hiring for?
The Firm is hiring its 2027 class of Corporate Paralegal / Analysts (start Spring/Summer 2027; $25/hour with unlimited overtime; NYC, Orlando or Miami, prioritizing Orlando and Miami), an Operations Assistant ($20/hour, plus $30/hour for overtime; New York, Orlando or Miami), a Corporate Associate Attorney for the Funds Team (3–4 years out of law school; pay depends on seniority and experience; Orlando and Miami, hybrid), and a six-week Summer 2027 Analyst / Corporate Paralegal Internship in Orlando. Details are on Join the Team.
Do I need a finance background to become an Analyst?
No. “We’re not looking for finance experts. We’re looking to create finance experts.” Successful Analysts have graduated with degrees in a wide range of majors (e.g., Classics, Philosophy, Economics, Math, Chemistry). Each year’s class has about 20 new Analysts, and the two/three-year Analyst program trains them in securities finance, including prime brokerage and equity derivatives. Full application instructions, including the candidate exercise, are on the Analyst role page.
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