General Counsel

2 days ago

Chicago, Illinois, United States Formic Full time
Job Title: General Counsel

We are seeking a highly skilled General Counsel to join our dynamic leadership team at Formic. As a key member of our executive team, you will play a critical part in shaping the legal framework that supports our financial structures and business strategy as we continue to scale.

About the Role:

The General Counsel will provide strategic legal counsel to the executive team and senior management on a wide range of legal issues, focusing on asset finance, equipment finance, project finance, and other specialty finance matters. You will develop and implement legal strategies that support business growth and foster long-term relationships with key stakeholders, partners, and customers.

Key Responsibilities:
  • Provide strategic legal counsel to the executive team and senior management on a wide range of legal issues
  • Develop and implement legal strategies that support business growth and foster long-term relationships
  • Oversee the drafting, negotiation, and management of complex commercial agreements
  • Mitigate risks by advising on legal considerations related to business strategies, commercial transactions, and customer relationships
  • Collaborate with cross-functional teams to streamline internal processes, develop policies, and enhance operational efficiency while maintaining legal compliance
  • Manage external legal counsel and resources efficiently to support the company's needs while optimizing cost and effectiveness
  • Ensure ongoing compliance with relevant laws and regulations
  • Lead the resolution of contract disputes, advising on legal issues, contract interpretation, and remediation strategies
Requirements:
  • Juris Doctor (J.D.) degree and active membership in at least one U.S. state bar
  • 10+ years of relevant legal experience, with a proven track record in asset finance, equipment finance, project finance, or similar specialty finance domains
  • Extensive experience drafting and negotiating complex financial agreements
  • Demonstrated ability to provide pragmatic, business-oriented legal advice in a fast-paced, high-growth environment
  • Strong leadership and project management skills, with a proven ability to manage multiple priorities, handle high volumes of work, and meet tight deadlines
  • Experience in building and leading high-performing legal teams
  • Excellent communication skills, both written and verbal
  • Deep knowledge of the regulatory environment impacting asset finance and project finance
Total Rewards:

Total rewards packages at Formic consist of salaries benchmarked against similar stage growth companies, insurance, and equity in Formic itself. As an early stage startup, equity is an important part of our investment in you, and your investment in Formic. When Formic succeeds, we all succeed.

Final offer amounts are custom-crafted, based on the cash/equity ratio preference of the candidate, as well as their experience, geographical location, and cost of labor, and may vary from the range listed below. Ultimately, we're seeking top performers who will make a difference to our business, and we're open to negotiating the compensation structure for the right candidate.

The expected base pay range for this position is $185,000—$235,000 USD.

What We Offer:

Formic believes we do our best work when we are equipped to take care of ourselves and our loved ones. To support this, Formic offers comprehensive benefits and perks for full-time US-based employees, including:

  • Equity in Formic: your slice of ownership in a fast-growing Series A startup, backed by some of the best investors in the world
  • 99% coverage on our base Medical, Dental, and Vision insurance plans (75% coverage for dependents) via Blue Cross Blue Shield and Guardian, with buy-up options, as well
  • FSA & DCFSA
  • Life insurance, Short-Term Disability, and Long-term Disability plans (covered at 100%) via Guardian
  • Employee Assistance Program
  • Paid parental leave
  • Company-sponsored 401k
  • Home Office Stipend for remote and hybrid roles
  • Monthly Phone/Internet Reimbursement
  • Flexible time off policy and 10+ company holidays
  • Opportunity to join a talented and diverse team united behind our mission to revolutionize American manufacturing

As our team grows, our benefit and perk offerings for employees based outside of the United States will vary. We are happy to discuss these options with you as part of our recruiting and interviewing process. Temporary or contract positions are not eligible for Formic employee benefits and perks, except where legally required.

Formic is an equal opportunity employer. We do not discriminate on the basis of race, color, religion or religious creed, sexual orientation, gender, gender identity, marital status, family or parental status, disability, military or veteran status, or any other basis protected by law. All employment decisions are based on a person's merit, business needs, and role requirements. If you require further accommodations or have questions regarding accessibility of our roles, please reach out to

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