Frannie represents government institutions, organizations, and nonprofits in public finance, charitable, and environmental, social, and governance matters. She advises clients on leveraging bonds, maintaining charitable organizations, and sustainability strategies.
Charitable and nonprofit
Frannie serves as outside general counsel to numerous nonprofit organizations, including colleges, universities, charter schools, and foundations. She advises charitable and nonprofit organizations on fiduciary duties, contract issues, compliance concerns, mergers and affiliations, fiscal sponsorships, and general corporate reviews.
Public finance
Frannie advises clients as bond, borrower, institution, and underwriter’s counsel for issuers, colleges, universities, schools, healthcare institutions, state agencies, and investment banking firms. She has extensive experience with the issuance, offering, structuring, remarketing, and restructuring of tax-exempt and taxable municipal securities and other debt instruments. The firm’s Public Finance and Government Services Group, which Frannie co-chairs, has been ranked seventh in the U.S. for bond counsel deals sold through competitive bidding and first in Pennsylvania for its bond counsel work by The Bond Buyer.
Environmental, social and governance (ESG)
Frannie advises businesses of all sizes on the development and implementation of corporate policies, best practices, and corporate governance. She counsels clients on the use of ESG Bonds and Green Bonds to further their sustainability plans and offers presentations to nonprofit organizations, for-profit business leaders, and granting organizations on the benefits of implementing policies focused on diversity, equity, and inclusion (DEI).
Frannie previously served as co-chair of the firm’s Public Finance Group and currently leads the firm’s Charitable and Non-Profit and ESG Groups. She currently serves as McNees’ Supplier Diversity Council Member for the Women’s Business Enterprise Center (WBEC) – East, an advocacy group for women business owners and entrepreneurs in the Pennsylvania, Delaware, and southern New Jersey regions.
She is an adjunct professor at La Salle University’s Masters of Science in Nonprofit Leadership Program, where she teaches the Law and Ethics and Capstone courses. She also volunteers her time to train and support attorneys through Philadelphia VIP, which provides pro bono legal representation to low-income individuals, families, businesses, and nonprofits.
Frannie is dedicated to giving back to her community and is involved in several nonprofit organizations. Most notably, she is the founder of the Foundation for Wallingford-Swarthmore Schools, a 501(c)(3) nonprofit organization that works to ensure teachers and students continue to promote innovation, creativity, and excellence, especially in difficult economic times.
Commonwealth bond inssuance: Served as co-bond counsel for the $1 billion issuance of general obligation bonds to fund various capital projects.
Nonprofit organizations: Counseled nonprofit organizations, including higher education institutions, on governance policies aimed to encourage and expand those organizations’ efforts in diversity, equity, and inclusion (DEI)
Municipal finance clients: Advised clients on the issuance, offering, structuring, remarketing, and restructuring of tax-exempt and taxable municipal securities and other debt instruments.
Nonprofit organizations: Served as outside general counsel to colleges, universities, charter schools, foundations, and other nonprofit organizations, advising on fiduciary duties, contract issues, compliance, mergers and affiliations, fiscal sponsorships, and general corporate reviews.
Villanova University School of Law, J.D.
Lehigh University, B.A., magna cum laude
Pennsylvania
New Jersey
United States Tax Court
Band 3, Public Finance (Pennsylvania), Chambers and Partners, 2025-2026
Chambers USA 2025-2026 ranking
John F. Cherry Award, Dauphin County Bar Association, 2024
Philadelphia VIP Champion Award, Community and Economic Development, 2016
Community Service Award, Swarthmore Rotary Club, 2014-2015
Lawyers on the Fast Track, The Legal Intelligencer, 2012
Pro Bono Honor Roll for her work with Philadelphia VIP LawWorks
Pennsylvania Rising Star, Philadelphia Magazine and Law & Politics
Winner, Best Brief, National Juvenile Law Moot Court Competition
Volunteer of the Month, Philadelphia VIP, August 2010
Pennsylvania Bar Association
Philadelphia Bar Association
Delaware County Bar Association
New Jersey Bar Association
Women in Public Finance
Moot Court Executive Board, Villanova University School of Law
Phi Beta Kappa, Lehigh University
Villanova Law Women’s Network, Outreach Committee
Foundation for Wallingford-Swarthmore Schools, founder
Strategic Planning Advisory Team, Wallingford-Swarthmore School District
Philadelphia VIP Engagement Committee, co-chair
Tyler Arboretum, board member
Haven Youth Lacrosse, board member
Related news and insights
Explore recent thought leadership, news, and other updates.
Nonprofit sustainability: Social enterprise models
Nonprofit attorney Frannie Reilly recently joined a panel discussion at The High Center’s “Nonprofit Sustainability: Social Enterprise Models” event at The S. Dale High Leadership Center in Lancaster, PA, on June 3, alongside Otto Monroy of LogosWorks Partners and M. Travis DiNicola of The High Center. The panel discussion explored how nonprofit organizations can diversify […]
Firm news
Frannie Reilly ranked in Chambers USA 2026 guide for public finance in Pennsylvania
McNees Wallace & Nurick announces that Martha “Frannie” Reilly has once again been ranked Band 3 in Public Finance (Pennsylvania) in the Chambers USA 2026 guide. Chambers and Partners is a nationally and internationally respected legal ranking organization that evaluates leading attorneys through client feedback, peer evaluations, and independent research. A Chambers ranking is widely […]
Firm news
WSSD Foundation celebrates founder Frannie Reilly
Public finance attorney Martha “Frannie” Reilly, co-chair of the firm’s Public Finance and Government Services Group, recently concluded her 15-year tenure as president of the Foundation for Wallingford-Swarthmore Schools, which she founded. Under Frannie’s leadership, the Foundation has become an important community partner for the Wallingford-Swarthmore School District, raising more than $2.5 million to support […]
Speaking engagement
Pennsylvania Bar Institute 2026 Nonprofit Law Essentials CLE
Attorney Frannie Reilly presented “Fostering a Culture of Compliance” at the Pennsylvania Bar Institute (PBI)’s 2026 Nonprofit Law Essentials CLE on May 12, 2026. The program covered common and costly mistakes that can occur when serving Pennsylvania nonprofit organizations. Frannie’s session offered attendees a roadmap for staying on top of essential compliance obligations and cultivating […]
Advises businesses and public entities on privacy, data security, and complex litigation. Counsels on compliance, breach response, and class action defense.
Represents businesses and municipalities in commercial real estate transactions. Advises on acquisitions, leasing, realty transfer tax, and public assets.
Supports municipal clients, financial institutions, and nonprofits in public finance and lending transactions. Assists with document drafting and settlement.