Asset-Based Lending / Debt Finance Attorney

Asset-Based Lending / Debt Finance Attorney

Office Boston

Department Corporate

Date Posted Jan 21, 2025

Application Deadline Dec 31, 2030

Choate's nationally recognized ABL platform is seeking lateral associates, principals, and counsel with meaningful experience in asset-based lending (ABL) to join our dynamic and growing practice. We represent a diverse array of lender-side clients-including commercial banks, private credit funds, business development companies, and other institutional lenders-in sophisticated ABL transactions across a wide range of industries.

Choate offers a realistic and well-defined path to equity partnership for attorneys who aspire to long-term practice growth and client development, as well as meaningful and long-term career paths for those who prefer to focus on delivering high-level legal execution and exceptional client service in a fast-paced, collaborative environment without seeking partnership.

Job Functions / Responsibilities

• Represent top-tier financial institutions and private credit lenders in asset-based finance transactions, including first lien, second lien, and split-lien structures.
• Substantial responsibility managing all aspects of transactional workstreams-from structuring and negotiating deal documents (credit agreements, intercreditor agreements, agreements among lenders, collateral documents) to overseeing closings.
• Direct client interactions, and opportunity to collaborate closely with partners and teams in a fast-paced, high-performing practice.

Qualifications

• Substantial experience in asset-based secured lending. Familiarity with ABL structures involving various collateral types (inventory, receivables, equipment, intellectual property, real estate, etc.) and applicable legal regimes (e.g., UCC Article 9, intercreditor agreements, borrowing base mechanics).
• Excellent academic credentials and strong analytical, drafting, and negotiation skills.
• Enthusiastic team player who thrives in a collaborative environment.
• Large firm or elite boutique experience preferred.
• Demonstrated proficiency in leveraging generative AI tools to enhance drafting, analysis, and overall workflow efficiency, with sound judgment regarding accuracy, confidentiality, and ethical use.

Schedule

The Firm is currently operating in a hybrid model, with the requirement that everyone should be in the office (either New York or Boston) at least four days per week. This schedule is subject to change dependent on Firm, department and client needs, and will be routinely evaluated. While this position is expected to be based out of our New York or Boston office, the Firm is also open to considering highly qualified candidates located in other markets.

Work Authorization

Applicants must be legally authorized to work in the United States without the need for sponsorship by the Firm (either now or in the future).

About the Firm

One of the nation's premier law firms, Choate is intentionally built different from our competitors. We focus on a core group of high-impact practice areas and deliver results through a deeply collaborative, integrated team. Our balanced staffing model and hands-on partner leadership create exceptional value and a client experience that builds lasting relationships and draws outstanding talent.

Compensation

Choate offers market-based compensation for its attorneys. The current base salary range for on-track attorneys is $225,000 for first year associates to $435,000 for Principal level attorneys, excluding bonus compensation and a generous benefits package.

The anticipated salary range for this role is listed below and represents our good faith and reasonable estimate of the salary range for this specific position at the time of posting. The actual offered salary for this position will be determined based on job-related, non-discriminatory factors, including but not limited to qualifications and prior experience, attorney level placement, external market data, consideration of internal equity, and whether the role is on or off-track.

$310,000 - $435,000