Private Credit Service Partner (Chicago)

Location: New York / Chicago / Texas / Los Angeles / Washington DC

Salary: $500K — $800K

Years of Experience: 8 years

Bar Admission: Bar admission required

Hybrid work policy

Job Details: This firm is seeking an experienced Private Credit Service Partner to support its market-leading middle-market private credit practice, one of the firm’s marquee platforms. This firm is among the top private credit firms in the middle market, closing hundreds of transactions annually, with deal flow that consistently exceeds current capacity.

This role is designed for senior private credit lawyers who bring exceptional technical execution skills and want to work in a high-volume, sponsor- and lender-driven environment, without the expectation of originating a large book of business. Service Partners at this firm play a critical role in delivering complex transactions efficiently and at scale.

Core Responsibilities

• Serve as senior deal counsel on middle-market private credit transactions, including:

• • Cash-flow and asset-based financings
• • Acquisition financings
• • Recapitalizations and refinancings
• • Syndicated and bilateral credit facilities
• • Mezzanine and structured credit transactions

• Act as a trusted execution partner to relationship partners and key lender clients
• Lead transaction structuring, drafting, negotiation, and closing
• Manage multiple concurrent deals in a fast-paced, repeat-transaction environment
• Supervise and mentor associates and junior lawyers
• Maintain consistent quality and responsiveness across high deal volume
• Collaborate closely with private equity, investment management, and restructuring teams

IDEAL CANDIDATE PROFILE

• Significant experience in private credit / leveraged finance, particularly middle-market work
• Strong execution reputation with lenders, credit funds, or sponsor-backed borrowers
• Comfortable handling high deal volume with efficiency and precision
• Practice focused on execution rather than origination
• Some client relationships or limited portable work welcome, but not required
• Collaborative mindset and strong internal partner relationships
• Desire for long-term platform stability rather than short-term lateral movement

What Makes This Role Unique

• One of the few firms that regularly hires partners with little or no portable business
• Deep, stable client base with deal-after-deal work already in hand
• Private credit is a marquee practice, not a secondary offering
• Opportunity to work on sophisticated transactions without sales pressure
• Clear expectations set upfront regarding role, hours, and compensation
• Strong internal demand ensures consistent utilization and long-term security

Hours & Compensation (context)

• Service partners are expected to maintain strong hours reflecting high deal volume (1900 hours)
• Compensation is very competitive, though lower than partners with large originating books
• Pay is tied to:

• • Hours
• • Execution quality
• • Reliability and internal demand

• Compensation expectations are clearly discussed upfront to ensure alignment

Who Is a Good Fit

• Senior private credit lawyers who prefer doing the work over chasing origination
• Partners frustrated by business-generation pressure at their current firm
• Lawyers with highly valued technical skill sets whose books alone would not justify equity
• Candidates seeking stability, scale, and consistent deal flow

Seniority

8 years of experience Experience as a practicing attorney in Private Credit

Work experience

Practice focuses on private, middle- market private credit matters.

Experience leading deals like LBOs, acquisitions, and recapitalizations.

Extensive experience leading middle- market private credit transactions, such as:

• • Cash- flow and asset- based financings
• • Acquisition financings
• • Recapitalizations and refinancings
• • Syndicated and bilateral credit facilities
• • Mezzanine, unitranche, and structured credit transactions

Experience Representing — Credit funds

• • Private lenders
• • Banks
• • Sponsor- backed borrowers

Education

Juris Doctor (JD) from an accredited law school.

Skills

Background at a well- regarded Am Law or comparable middle- market firm with a strong private credit practice

Strong drafting and negotiation skills across full credit documentation suites

Proven track record in managing high deal volume simultaneously while maintaining quality and responsiveness

Commercial mindset: gives business advice, not just legal analysis.

Collaborative, low- ego, and focused on long- term platform building.

Skills: private equity,recapitalizations,private credit,senior counsel,credit,partner,middle market