Marc J. Lane

Marc J. Lane, Esq.

Business / Contracts, Nonprofits, Tax (Transactional)

Chicago, Illinois

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Personal Introduction

Marc J. Lane is a nationally recognized business and tax attorney, a Master Registered Financial Planner, a Registered Financial Counselor and a Certified Investment Specialist. Twice a recipient of the Illinois State Bar Association's Lincoln Award, he has taught law at Northwestern University School of Law and business in the MBA program at the University of Illinois. Marc is the pioneer behind the Advocacy Investing® approach to socially responsible and mission-related investing (www.AdvocacyInvesting.com). A past Director of Social Enterprise Alliance (SEA), the national association of enterprising nonprofits and social-purpose businesses, he spearheaded the launch of its Chicago chapter which he served as Chairman. He has also chaired SEA's affiliate, The Center for Social Enterprise Accreditation. In addition, he is the President of Social Enterprise Chicago. By appointment of Gov. Pat Quinn, he chaired the State of Illinois' Task Force on Social Innovation, Entrepreneurship, and Enterprise. Also by appointment of Gov. Pat Quinn, he was a Commissioner of the Serve Illinois Commission. And by appointment of then-Cook County Commissioner and now Congressman Jesus "Chuy" Garcia, he serves as Vice Chairperson of the Cook County Commission on Social Innovation. Marc drafted Illinois' Low-profit Limited Liability Company (L3C) law, and has been instrumental in promoting L3C legislation in other states, authorizing the hybrid business form which can leverage foundations' program-related investments to access trillions of dollars of market-driven capital for ventures with modest financial prospects, but the possibility of major social impact. He has consistently earned an "AV® Preeminent™" rating in the Martindale-Hubbell Legal Directory, the highest ranking awarded. Martindale-Hubbell also includes him in its Bar Registry of Preeminent Attorneys, reflecting the fact that Marc's peers rank him at the highest level of professional excellence. In addition, he has consistently earned Avvo's "Top Rating" and selected by his peers as a "Leading Illinois Attorney" and an "Illinois Super Lawyer." Marc is the author of 36 books including Profitable Socially Responsible Investing: An Institutional Investor's Guide, Euromoney Institutional Investor PLC; Advising Entrepreneurs: Dynamic Strategies for Financial Growth, John Wiley and Sons; Legal Handbook for Nonprofit Organizations, American Management Association; Social Enterprise: Empowering Mission-Driven Entrepreneurs, American Bar Association; The Mission-Driven Venture: Business Solutions to the World's Most Vexing Social Problems, John Wiley and Sons, and Representing Corporate Officers and Directors and LLC Managers, Third Edition, Wolters Kluwer.

Practice Composition

Transactional

Education

Northwestern University Pritzker School of Law
Northwestern University Pritzker School of Law Doctor of Jurisprudence/Juris Doctor (J.D.) (1971)
University of Illinois Chicago
University of Illinois Chicago Bachelors Degree, Political Science (1967)

Practice Summary

usiness Design and Organization Intellectual Property Protection Social Enterprises/L3C's Corporate Governance/Compliance and Financial Planning Elder Law/Trusts/Long-Term Care/Disability Planning Tax and Wealth Planning Executive Financial Planning Compensation Planning Charitable Planning Nonprofit Organizations

Response Time

1 day

Awards

Martindale-Hubbell- AV Preeminent Peer Review Rated

Martindale-Hubbell- AV Preeminent Peer Review Rated

Superlawyer

Superlawyer

Affiliations

AARP Legal Services Network

AARP Legal Services Network

American Bar Association

American Bar Association

Chicago Lawyers Committee for Civil Rights

Chicago Lawyers Committee for Civil Rights

Illinois State Bar Association

Illinois State Bar Association

Client Reviews

4.41/5.0 Aggregate Score (18 reviews)

Peer Recommendations 1

Giel Stein, Esq.
Giel Stein, Esq.
Marc is an excellent attorney

Bar Admissions

Illinois, New York

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