David B. Solomon
Partner
Corporate
David is a partner in the firm’s Corporate Group and a member of the firm's Executive Committee. David has extensive experience in structuring and consummating mergers and acquisition transactions and in representing banks, mezzanine lenders and private equity firms when they make investments in companies.
David adds value as a transactional lawyer through organization and collaboration with other members of a deal team to get the deal done efficiently. Instead of simply raising legal issues without considering a client's business objectives, he focuses on being a problem-solver by proposing creative solutions to issues that allow deals to move forward. He also regularly spends time reviewing market data and networking with other service providers, critical to be able to help his clients assess whether they are getting a good deal.
David also represents many middle-market companies in a "general counsel" capacity by handling various business law issues. He spends time developing personal relationships with each of his clients, knowing the insight gained from those conversations is crucial to serving as a better advisor to the company. As a result, David's clients can rely on his advice and judgment because he has taken the time to meet with the owners and executives of the company to understand their business.
Upon joining Levenfeld Pearlstein in 2009, David founded and currently serves as the head of the firm's Employee Stock Ownership Plan (ESOP) practice, which serves clients who are involved in various types of transactions involving ESOPs. In addition to working on ESOP transactions and advising ESOP companies, he lectures frequently on ESOPs and has published articles in various publications about how ESOPs are an effective business succession strategy. David is also a member of the board of directors of two ESOP-owned companies and was a former member of the board of directors of the National Center For Employee Ownership (NCEO) and formerly served as the Executive Vice President of the Illinois Chapter of the ESOP Association.
ESOP Resources:
- 2023 ESOP Industry Insider Series. Click here to listen to a conversation with an ESOP Industry Expert
Additional Information
Education & Admissions
Education
- DePaul University College of Law, J.D.
- University of Michigan, B.B.A., with distinction
Bar Admissions
- Illinois
Court Admissions
- U.S. District Court, Northern District of Illinois
- U.S. Supreme Court
Memberships
- Member of the Illinois Chapter of the Alzheimer’s Association
- Member of Board of Directors of Lipman Hearne, Inc. and The Schebler Co.
- Member of Vistage International
- Former Board of Directors of National Center for Employee Ownership (NCEO)
- Former Executive Vice President - Illinois Chapter of the ESOP Association
- Former Member of Corporate Leadership Committee of Chicago Chapter of the Leukemia and Lymphoma Society
- Former President of Jewish Council for Youth Services (JCYS)
Awards
- Crain's 2021 Notable Gen X Leader in Law
- 2016 JCYS Gala Honoree
Q&A
What’s one thing someone would be surprised to know about you?
That I can draw analogies to any situation from an episode of Seinfeld. I have seen them all!What is your favorite quote?
“Never confuse activity with achievement.”What’s the best piece of advice you have received?
My father always used to tell me that there is always someone smarter than you but you can overcome that every time by outworking them. That is why I put forth 100% effort into anything I do, personally and professionally.
“Integrity and consistency are huge for us, and we have seen that throughout the time with David and his team.”
Related articles
August 21, 2024
Why Do Business Owners Sell Their Company Using an ESOP and Other Frequently Asked Questions About ESOPs
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October 11, 2023
October Is Employee Ownership Month: How ESOP Boards of Directors Can Manage Responsibilities in Times of Economic Uncertainty
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March 08, 2023
David Solomon to Speak on ESOP Board of Director Responsibilities in the Face of Economic Headwinds at NCEO Conference
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November 02, 2022
How Do ESOPs Work: David Solomon Explains the ESOP Journey on ‘Intentional Growth’ Podcast
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August 31, 2022
Partner David Solomon to Speak at Next Week’s Private Director’s Association Conference on ESOP Company Corporate Governance
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March 15, 2022
David Solomon Presents at Vision Point Capital’s Webinar – The Anatomy of a Successful ESOP Deal
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February 02, 2022
Becoming the Client: Why an ESOP Attorney Chose to Sell His Company to an ESOP
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November 19, 2021
Crain’s Chicago Business Recognizes Three LP Partners – Jeffery Hoffenberg, David Solomon and Lauren Wolven – Among 2021 Gen X Leaders in the Law
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October 27, 2021
Lessons Learned from Sell-Side Transactions: Partner David Solomon Presents on Panel at Chicago Dealmakers Conference
Read More September 21, 2021
Offering a Seamless Continuity of Client Experience Through Firm Succession Planning, Levenfeld Pearlstein Names Jeffery Hoffenberg, David Solomon and Lauren Wolven to its Executive Committee
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June 01, 2021
David Solomon and Melissa Marshall to Present at MSI Virtual Americas Regional Conference
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April 07, 2021
