Business Reorganization and Creditors' Rights Equity Partner

Job Overview

A distinguished law firm in Chicago is actively seeking a highly experienced Equity Partner to join its Business Reorganization and Creditors’ Rights Practice. The ideal candidate brings significant expertise in representing creditors, secured lenders, and asset purchasers in complex workouts, restructurings, and business reorganizations. This is a hybrid role offering leadership, client development opportunities, and participation in the firm’s long-term strategic planning.

Location

• Chicago, Illinois

Duties

• Represent creditors, lenders, and asset purchasers in:

  • Bankruptcy proceedings

  • Workouts and restructurings

  • Business reorganizations

• Lead and support transactions involving:

  • Asset-based lending

  • Debtor-in-possession (DIP) financing

  • Foreclosures and commercial mortgage defaults

  • Receiverships and forbearance agreements

• Advise clients on Illinois commercial foreclosure law, UCC Article 9 remedies, and fraudulent transfer matters

• Provide strategic legal counsel on:

  • Exchange offers, prepackaged/prearranged Chapter 11 cases

  • Debt-for-equity swaps

  • Investor representation and financial sponsor transactions

• Serve as a trusted business advisor to clients throughout the corporate lifecycle

• Engage in firm leadership and succession planning activities

Requirements

• Extensive experience representing lenders and creditors in bankruptcy and restructuring matters

• Deep knowledge of Illinois foreclosure, receivership, and UCC remedies

• Proven track record with business reorganizations, litigation, and asset recovery

• Demonstrated ability to cultivate and maintain client relationships

• Portable book of business required

• Licensed to practice in Illinois or eligible for bar admission through reciprocity or bar exam

• Willingness to relocate considered for qualified candidates

Education

• Juris Doctor (J.D.) from an accredited law school

• Background or degree in business or finance preferred

Certifications

• Active bar membership in Illinois or eligible to waive in via UBE or comity

Skills

• Strong interpersonal and communication skills

• Strategic, solution-oriented mindset

• Ability to lead complex legal matters with minimal supervision

• Aptitude for business development and team collaboration

Benefits

• Leadership role in a collaborative, low-turnover environment

• Access to sophisticated and diverse client matters across industries

• Competitive compensation and benefits including:

  • Medical, dental, vision, life, and long-term disability insurance

  • 401(k) and profit-sharing plan

  • Paid caregiver leave (primary and secondary)

  • Pre-tax commuter and wellness benefits

  • In-office gym, massage services, and 24/7 telemedicine access

This small, entrepreneurial firm has established itself in the Chicago market as a leader in providing a unique, wide-range of services to multi-million dollar corporations and wealthy individuals. And because of its international legal exchange network, it is now able to provide its clients with legal services throughout Europe. Prominent wealthy families in Chicago flock to this firm for its legal expertise in representing family businesses. Providing a full range of wealth management services, the firm focuses on tax, financial and estate planning. The firm also boasts a multi-talented real estate practice group which provides a broad range of legal advice to real estate development and management companies. Trial lawyers generally handle traditional corporate disputes, but also specialize in any of labor and employment, environmental, bankruptcy, insurance or product liability. Attorneys interested in family advisory law should look no further.