Chicago is one of the best cities for finding in-house banking attorney jobs due to the presence of a large number of big employers, stock exchanges and law firms. The city has the commercial and retail banking headquarters of the Chase Bank, and was named the fourth most important business center in the world by the MasterCard Worldwide Centers of Commerce Index.
Rule 716 of the Illinois Supreme Court Rules define the conditions of eligibility for in-house counsel for gaining admission to the bar. The registration fee is currently $1,250, and among other conditions, the in-house banking attorney needs to submit a certificate by his/her employer that he/she is not rendering private legal services against fees or otherwise, and works exclusively as an employee.
There is huge financial activity in Chicago and the city has 12 Fortune Global 500 companies and big employers like Boeing, Sears Holdings Corporation, Kraft Foods and etcetera. The presence of the Federal Reserve Bank of Chicago and financial and futures exchanges like the Chicago Board Options Exchange and the Chicago Stock Exchange add power to the economy. Chicago's CME group owns the NYMEX, the COMEX and the Dow Jones Indexes and is one of the biggest employers for finance professionals.
Chicago has more than 400 corporate law departments and more than 5000 law firms
. Employers like American Family Insurance Group, Bank of New York Mellon, Oracle Corporation and PricewaterhouseCoopers LLP have big corporate law departments in the city, and there's enough scope for in-house banking attorneys to find good jobs in Chicago.