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Illinois aims to wall off law firms

7:01 PM (Yesterday)•crainalerts

Crain's Chicago Business

Afternoon Report

Wednesday, June 3, 2026

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Illinois moves to bar private equity, hedge fund control of law firms

Good afternoon! Illinois lawmakers approved a bill limiting private equity and hedge fund involvement in law firms, arguing it protects attorneys’ independence and clients. The move comes as firms seek outside capital for AI and growth, potentially putting Illinois at odds with states embracing alternative ownership models.

Susana Mendoza launches bid for Chicago mayor

Apartment complex near former Walgreens offices up for sale

Mortgage lender Rate branches out into fitness apparel

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Why businesses need stronger fraud defenses today

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Crain’s Daily Gist podcast: What’s next after punt on Bears deal

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4:41 PM (Today)

The Bears said Chicago wasn't in play. Records point to a different story.

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crainalerts newsletter: The Bears said Chicago wasn't in play. Records poi...

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crainalerts

4:09 PM (Today)

Look inside the Obama Presidential Center

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crainalerts newsletter: Look inside the Obama Presidential Center

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crainalerts

12:45 PM (Today)

An ‘NFL Draft’ for Chicago-area homes: Crain’s Daily Gist podcast

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crainalerts newsletter: An ‘NFL Draft’ for Chicago-area homes: Crain’s Dai...

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crainalerts

11:01 AM (Today)

Why The Onion went back to paper

Here are this morning's top stories. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌

crainalerts newsletter: Why The Onion went back to paper

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crainalerts

8:59 PM (Yesterday)

United Center owners break ground on 1901 project

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crainalerts newsletter: United Center owners break ground on 1901 project

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crainalerts

2:38 PM (Yesterday)

Susana Mendoza announces run for mayor

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crainalerts newsletter: Susana Mendoza announces run for mayor

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crainalerts

12:45 PM (Yesterday)

What’s next after punt on Bears deal: Crain’s Daily Gist podcast

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crainalerts newsletter: What’s next after punt on Bears deal: Crain’s Dail...

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crainalerts

11:02 AM (Yesterday)

World Business Chicago names 6 contest finalists

Here are this morning's top stories. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌

crainalerts newsletter: World Business Chicago names 6 contest finalists

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crainalerts

10:25 AM (Yesterday)

The healthcare bills Springfield passed

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crainalerts newsletter: The healthcare bills Springfield passed

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crainalerts

Tue 8:00 PM

Elk Grove Village plans raffle for newly built homes

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crainalerts newsletter: Elk Grove Village plans raffle for newly built hom...

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