Jobs · Legal · Illinois

Senior Counsel – Technology Transaction Attorney

UL Solutions · Chicago, IL · 1 wk ago
HybridLegal$180k–$200k/yrFull-time

Responsibilities

  • Lead the legal review, drafting, and negotiation of inbound technology agreements, including software licensing, SaaS/PaaS/IaaS, cloud hosting, professional services, data licensing, AI tools, and other technology acquisitions.
  • Negotiate and operationalize key outsourcing constructs such as service levels and credits, governance models, audit rights, subcontractor controls, transition and exit obligations, disaster recovery, and risk allocation.
  • Advise on pricing mechanics, benchmarking, change control, renewal structures, and termination rights that impact operational resiliency and long-term cost.
  • Partner with Procurement, IT, Cybersecurity, and Privacy teams to conduct vendor risk evaluations and develop risk-based contracting strategies.
  • Negotiate data protection, information security, incident response, audit, and subcontractor provisions, including data processing and security addenda.
  • Support vendor diligence relating to cybersecurity frameworks, as needed for transaction risk assessment.
  • Draft and negotiate service level agreements (SLAs) that establish measurable performance standards, escalation paths, and remedies aligned to business impact.
  • Advisory technology buyers on best practices for developing statements of work, including concepts such as clearly defining scope of work, operational responsibilities, and governance structures to reduce ambiguity and disputes.
  • Advisory business stakeholders on the effective use of SLAs and governance mechanisms over the life of vendor relationships.
  • Draft, maintain, and continuously improve procurement-side templates, including master IT supplier agreements, managed services agreements, outsourcing frameworks, and negotiation playbooks.
  • Partner with Procurement to implement contracting policies, standard positions, and escalation guidelines that improve efficiency while managing risk.
  • Support adoption and effective use of contract workflow and lifecycle management tools (e.g., CLM platforms).
  • Serve as a trusted legal advisor to Sourcing and IT leaders, providing practical, business-focused counseling.
  • Independently manage multiple complex matters, prioritize effectively, and drive transactions to completion.
  • Manage outside counsel where appropriate and support training of Procurement and IT stakeholders on recurring contracting topics.

Qualifications

  • Juris Doctor (JD) from an accredited law school and active state bar membership in good standing.
  • Significant experience advising on inbound technology procurement or technology transactions, either in-house or at a major law firm.
  • Strong experience negotiating technology agreements involving SaaS, cloud services, AI tools, data licensing, and IT services.
  • Demonstrated ability to collaborate cross-functionally with Procurement, IT, Cybersecurity, and Privacy teams.
  • Excellent judgment, communication skills, and ability to manage complex priorities in a fast-paced environment.
  • PREFERRED: Experience negotiating managed services or outsourcing agreements, including complex SOW and governance structures.
  • PREFERRED: Experience supporting vendor risk management initiatives and contracting for security and privacy requirements.
  • PREFERRED: Familiarity with cybersecurity frameworks, such as SOC 2 and ISO 27001.
  • PREFERRED: Experience developing templates, playbooks, or scalable contracting processes; familiarity with CLM tools such as Ironclad is a plus.
  • PREFERRED: Privacy credentials (e.g., IAPP certifications).

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