Income Partner – Corporate & Business Counseling
Location: Chicago, IL (Hybrid – 3 Days In Office)
Compensation: $175,000 – $190,000 DOE + Benefits
Our client, a well-established and respected Chicago-based law firm, is seeking an experienced attorney to join its Corporate & Business Counseling Practice Group at the Income Partner level.
This opportunity is ideal for an attorney with a portable book of business who is looking to continue growing their practice in a collaborative environment that values client service, professional development, and work-life balance. The firm offers sophisticated legal work, strong internal support, and the opportunity to build long-term client relationships without the pressures often associated with larger national firms.
The Opportunity
Join a well-established Chicago law firm as an Income Partner in its Corporate & Business Counseling practice. This role offers the opportunity to work on sophisticated corporate matters, continue growing an existing book of business, and collaborate with experienced attorneys in a supportive and collegial environment.
The ideal candidate will have 7–10 years of corporate law experience, a portable book of business, and a passion for serving as a trusted advisor to business clients. Attorneys benefit from greater autonomy in managing their practice while having access to the resources, support, and collaboration of an established firm.
The practice serves a diverse client base that includes:
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Middle-market companies
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Closely held businesses
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Family-owned businesses
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Financial institutions
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Investors
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Entrepreneurs
Attorneys have the opportunity to build long-term client relationships while advising clients on complex transactions, strategic business matters, and day-to-day legal challenges. The firm seeks attorneys who are committed to maintaining and growing their client relationships while contributing to the continued growth of the practice.
Areas of Practice
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Franchise Law
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General Business Counseling
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Mergers & Acquisitions
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Private Equity
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Securities
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Taxation & Organization Planning
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Technology, Intellectual Property & Advertising
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Banking & Financing
Qualifications
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J.D. from an accredited law school
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Licensed and in good standing with the Illinois Bar
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7–10 years of corporate and business law experience
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Portable book of business required
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Minimum portable book of business of approximately $500,000–$600,000
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Demonstrated ability to develop, grow, and maintain client relationships
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Experience handling sophisticated corporate transactions and business counseling matters
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Excellent drafting, negotiation, and communication abilities
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Strong academic credentials and business acumen preferred
Why Consider This Opportunity
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Income Partner opportunity with a long-standing Chicago law firm
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Greater autonomy to manage and grow your practice
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Collaborative and entrepreneurial culture
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Hybrid work environment (3 days in office, 2 days remote)
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Sophisticated corporate work with a diverse client base
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Opportunity to expand an existing practice and develop new client relationships
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Strong cross-selling opportunities across multiple practice areas
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Support from experienced attorneys and professional staff
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Direct client interaction and meaningful involvement in client strategy
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Annual billable expectation of 1,600 hours
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Focus on long-term growth, client service, and work-life balance
Long-Term Partnership Growth
This role offers a genuine path for long-term advancement within the firm. The firm has a strong history of promoting Income Partners to Equity Partner and provides opportunities for attorneys to expand their leadership roles within the organization.
Current Income Partners serve as:
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Practice Group Leaders
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Members of firm committees
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Mentors and contributors to firm strategy and growth
Attorneys who are interested in building their practice and increasing their involvement within the firm will find a platform that supports both professional growth and leadership development.
Compensation & Benefits
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Base salary of $175,000 – $190,000, depending on experience
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Hybrid work schedule (3 days in office, 2 days remote)
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Medical, dental, and vision insurance
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401(k) retirement plan
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Life insurance
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Short- and long-term disability coverage
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Paid vacation, holidays, and sick time
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Wellness programs and additional firm-sponsored benefits
Application Process
Qualified candidates are encouraged to apply with a current resume. As part of the evaluation process, candidates may be asked to provide a cover letter, complete and up-to-date resume, and law school transcripts for submission to the client.
Interview Process:
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Virtual w/Practice Leader
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In person with 4 separate attorneys from different practice areas, 30 minutes each. Allocate about 3 hours total for this process.
Submittal Material:
1.
Cover Letter
2.
Resume/Profile
3.
Law School Transcripts
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