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Direct Counsel

ERISA Fiduciary (Title I) Attorney at Direct Counsel

Direct Counsel Chicago, Illinois

Job Description

Job Description

Job Description
Job Title: ERISA Fiduciary (Title I) Attorney
Locations: Atlanta, Boston, Century City, Chicago, Dallas, Houston, Downtown Los Angeles, New York, Orange County, Palo Alto, San Diego, San Francisco, Washington, D.C.
Salary Range: $450,000 – $500,000 annually

Job Description:
Direct Counsel is seeking an experienced ERISA Fiduciary (Title I) Attorney to join a top-tier international law firm with a robust investment management and private funds practice. This is a high-level opportunity for a seasoned attorney with deep knowledge of ERISA Title I to advise on complex transactions for sophisticated investment clients.

Key Responsibilities:

  • Advise private funds and investment managers on “plan asset” rules, including the 25% test and VCOC/REOC compliance

  • Draft and review ERISA-related fund documentation (PPMs, LPAs, subscription agreements, side letters)

  • Analyze transactions for REOC/VCOC qualification and prepare legal opinions and certifications

  • Counsel investment advisers and hedge fund sponsors on fiduciary duties and prohibited transactions under Title I of ERISA

  • Navigate statutory and administrative exemptions (e.g., QPAM)

  • Handle DOL and IRS compliance matters, including audits and exemption requests

  • Advise on ERISA issues in M&A involving investment advisers

  • Represent pension fund fiduciaries and clients in fund review and investment decisions

  • Support securitization transactions (especially CLOs) and prepare related ERISA disclosures for capital markets offerings

Qualifications:

  • Minimum of 7 years of experience focused on ERISA Title I matters

  • Outstanding academic credentials

  • Law firm experience required

  • Must be licensed and in good standing in the jurisdiction of practice

Compensation:
The expected salary range for this position is between $450,000 and $500,000 annually, depending on experience and other relevant factors.

To Apply:
Please submit your resume, cover letter, and law school transcript for consideration.

Direct Counsel is proud to partner with leading law firms across the country and is committed to representing exceptional legal talent.

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