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Job details

Legal Counsel

IMC is looking for a Legal Counsel with at least 4 years of experience to support various departments with commercial contract legal advice. The role requires excellent organizational and interpersonal skills for negotiation and risk mitigation.

Skills

  • Juris Doctorate
  • Top academic credentials
  • Excellent management skills
  • Strong research and writing skills
  • Effective communication with non-legal audience

Responsibilities

  • Draft, negotiate, and review commercial contracts
  • Advise stakeholders on potential risks
  • Research and author legal memorandum
  • Review existing policies for improvement

Education

  • Juris Doctorate from an accredited law school

Benefits

  • Discretionary bonus
  • Paid leave
  • Insurance benefits
To read the complete job description, please click on the ‘Apply’ button
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CEO of IMC
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Arif Anwar
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Average salary estimate

$157500 / YEARLY (est.)
min
max
$135000K
$180000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Legal Counsel, IMC

Join IMC as a Legal Counsel in our vibrant Chicago office and take your legal expertise to the next level! With over four years of experience under your belt, you will play a critical role in our organization by providing commercial contracts legal support across multiple departments including Technology, Compliance, Trading, Finance, and Human Resources. Picture yourself drafting, negotiating, and reviewing a variety of commercial contracts such as technology agreements, consulting agreements, and confidentiality agreements. You'll advise stakeholders on potential risks in various contractual areas while whipping up creative and legally sound solutions for disputes with commercial business partners. If you love staying ahead of the curve, you’ll research and author legal memoranda on emerging issues like technology and intellectual property law. You'll also have the chance to assess existing policies and procedures of IMC and suggest improvements to enhance our legal framework. At IMC, we value candidates who possess a Juris Doctorate from top academic institutions and are members in good standing with the Illinois bar. Candidates with law firm experience or prior in-house roles in financial services or technology will stand out. You’ll thrive here if you can operate independently under tight deadlines, have superb organizational and interpersonal skills, and can communicate effectively with non-legal audiences. As part of our team, you'll not only receive a competitive salary ranging from $135,000 to $180,000, but you'll also be eligible for bonuses and an extensive benefits package. Come thrive in our collaborative, high-performance culture and be part of a company that dares to constantly innovate!

Frequently Asked Questions (FAQs) for Legal Counsel Role at IMC
What are the key responsibilities of a Legal Counsel at IMC?

As a Legal Counsel at IMC, your primary responsibilities include drafting, negotiating, and reviewing various commercial contracts. You will provide legal advice on contractual risks, propose risk mitigation strategies, and research emerging legal issues. Supporting multiple departments, you'll work on technology agreements, confidentiality agreements, and more to ensure that IMC navigates the legal landscape effectively. This role is pivotal to maintaining our high-performance culture and ensuring smooth operations across the firm.

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What qualifications do I need to apply for the Legal Counsel position at IMC?

To qualify for the Legal Counsel position at IMC, candidates must hold a Juris Doctorate and have top academic credentials along with being a member in good standing of the Illinois bar. Due to the nature of the role, prior law firm experience or in-house experience in financial services or technology sectors is preferred, along with excellent organizational, interpersonal, and communication skills.

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How does IMC support its Legal Counsel in professional development?

IMC is committed to the professional development of its Legal Counsel by providing a collaborative and innovative environment. You will engage with talented quant researchers, engineers, and traders, gaining insights that enhance your legal acumen. We encourage our Legal Counsel to pursue continuous learning and development, ensuring you're always at the forefront of legal and industry trends.

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What is the salary range for the Legal Counsel position at IMC?

The salary range for the Legal Counsel position at IMC is between $135,000 and $180,000 USD. Compensation at IMC goes beyond base salary and includes discretionary bonuses and a comprehensive benefits package, making it a competitive opportunity in the legal field.

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What kind of work environment can I expect as Legal Counsel at IMC?

As Legal Counsel at IMC, you can expect a dynamic and collaborative work environment. We pride ourselves on fostering a high-performance culture that encourages innovation and teamwork across departments. The Legal Counsel will liaise with various teams, which ensures an engaging work atmosphere where your legal expertise can make a significant impact.

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Common Interview Questions for Legal Counsel
Can you describe a challenging contract negotiation you have been involved in?

When responding, outline the situation, your role, and the outcome. Highlight the skills you utilized, such as conflict resolution and strategic thinking. Make sure to emphasize how your efforts positively impacted the overall business relationship and contractual agreement.

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How do you approach identifying and mitigating risks in contracts?

Discuss your systematic approach to risk assessment, which may include reviewing contract clauses, understanding the business objectives, and proposing modifications where necessary. Highlight specific tools or methods you employ to convey your risk mitigation strategies effectively.

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What experience do you have with technology agreements?

Share specific examples of technology agreements you've handled, expressing your understanding of key terms and considerations unique to technology law. Illustrate your familiarity with issues such as intellectual property rights and compliance with regulations.

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How do you ensure compliance with legal standards in your legal advice?

Explain your process for staying current on legal standards, such as attending continuing education sessions, conducting research, and collaborating with other legal professionals. Provide examples of how this diligence has benefited previous employers.

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Describe a situation where you had to communicate complex legal concepts to a non-legal audience.

Provide a specific instance and explain how you simplified complex legal jargon into understandable terms. Discuss the techniques you used to ensure clarity and engagement, showcasing your communication skills.

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What strategies do you use to keep organized while managing a heavy workload?

Talk about the organizational tools and strategies you use to prioritize tasks effectively, manage deadlines, and stay focused. Examples could include using project management tools or adopting best practices for time management.

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How do you handle disputes with commercial partners?

Outline your approach to conflict resolution, emphasizing the importance of effective communication and negotiation skills. Discuss any successful resolutions you've achieved and the positive outcomes for all parties involved.

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What are the latest trends in technology law that you find important?

Share your insights into current trends such as data privacy laws, blockchain technology implications, or open source licensing. Show your knowledge and interest in staying updated on these developments as they could impact your legal practice.

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Can you provide an example of how you improved a legal process?

Discuss a particular process you identified as inefficient. Explain the steps you took to improve it, how you engaged other stakeholders in the process, and the outcomes of your improvements.

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Why do you want to work as Legal Counsel for IMC?

Articulate your alignment with IMC's values and culture, your enthusiasm for working in a dynamic trading firm, and how your skills can contribute to their mission. Express your eagerness to embrace innovation and collaborative efforts in the legal field.

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MATCH
Calculating your matching score...
FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$135,000/yr - $180,000/yr
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
March 21, 2025

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