About Chapman and Cutler LLP

From financing airport renovations to giving U.S. tax counsel for soccer's international governing body, Chicago-based law firm Chapman and Cutler has developed a sophisticated financial-services practice emphasizing banking, securities and corporate and public finance.

A Foundation in Finance

In 1913, Theodore Chapman left his position as counsel at Harris Trust and Savings Bank--then one of the country's largest distributors of municipal and corporate bonds--to open his own law office in Chicago. Chicago Title and Trust counsel Henry Cutler joined Chapman's practice the following year and together the duo carried out work in the municipal finance arena, including helping draft the Illinois Securities Law of 1919. In 1981, Chapman and Cutler opened an office in Salt Lake City and then expanded to San Francisco and New York in the 2000s. The firm has also branched into corporate, bankruptcy and litigation law, among other departments.

Bonds, Municipal Bonds

A century later, the firm is still recognized for bond work and has become a leader in advising various levels of the public sector on financing projects and issuing tax-exempt securities. In Chicago alone, the firm has served as counsel for projects like the Chicago O'Hare International Airport, the White Sox's Comiskey Park (now U.S. Cellular Field), the North Pier Complex and the Oceanarium at the John G. Shedd Aquarium. According to the Chicago Tribune, Chapman and Cutler is also one of the premier firms handling Chicago-area financing for school and park districts. The firm has also helped design affordable loan programs to stem the wave of foreclosures in the area.

Chapman and Cutler also tout a particularly athletic client list. The firm served as bond counsel for projects stemming from 2002 Winter Olympics and has counseled on finance, tax, construction and other issues for clients like the NBA, NFL, MLB and the Federation Internationale de Football Association (organizer of the World Cup).

From Takeoff to Landing

In addition to serving as counsel for O'Hare, Chapman and Cutler attorneys have done bond work for airports in Phoenix, Salt Lake City, Dallas, New York, Newark, Atlanta and Minneapolis as well as handled insolvency proceedings for airlines like United Air Lines, TWA, Eastern Airlines, Delta, Northwest, US Air and America West. And if you're in the market for a steel bird in the sky, Chapman and Cutler also does project finance for buying just one airplane or a fleet of them.

Creative Compensation

Chapman and Cutler caused a law media stir when it gave associates a choice between working less (1,850 billable hours) and making less, or working more (2,000 billable hours) and making more. Then-CEO Rick Cosgrove told ABA Journal the two-tier program helps "get the best people highly motivated." 

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Chapman and Cutler LLP

111 West Monroe Street
Chicago, IL 60603
Phone: (312) 845-3000
Fax: (312) 701-2361


  • Employer Type: Private
  • Chief Executive Partner: Timothy P. Mohan
  • Total No. Attorneys 2014: 245

  • Base Salary
    Chicago, IL
    1st year: $160,000
    Summer associate: $3,077/week New York, NY
    1st year: $160,000 Salt Lake City, UT
    1st year: $130,000
    Summer associate: $2,404/week San Francisco, CA
    1st year: $160,000
    Summer associate: $2,789/week

  • Major Departments & Practices
    Asset Securitization
    Bankruptcy, Restructuring and Workouts
    Commercial Litigation & Dispute Resolution
    Corporate Counseling
    Corporate Finance & Securities
    Environment, Energy & Resources
    Federal Government Finance
    Governmental Relations
    Intellectual Property
    Investment Companies
    Lease Finance
    Project Finance
    Public Finance
    Real Estate
    Sports Finance
    Trusts & Estates
    Utility Finance

Major Office Locations

  • Chicago, IL (HQ)
  • New York, NY
  • Salt Lake City, UT
  • San Francisco, CA