Chicago is the headquarters of LegalEdge Innovators by choice, not inertia. The vibe in the the third largest city is unique. More old school urban than LA and less intense than the Big Apple, Chicago is a legal hub of the United States in many ways. Home to over 500 law firms and five law schools, Chicago is also the home of the Uniform Code Commission.
LegalEdge Innovators is proud to call Merchandise Mart its headquarters. Nestled within this historic edifice, our team draws inspiration from its rich legacy and vibrant energy. As pioneers in legal technology, we are committed to pushing boundaries and fostering a collaborative environment where cutting-edge solutions are born. The Mart’s dynamic atmosphere, blending tradition with modernity, perfectly encapsulates our mission to revolutionize the legal industry, making it the ideal home for our innovative pursuits.
Merchandise Mart, a monumental Art Deco structure located in the heart of downtown Chicago, stands as an iconic symbol of innovation and commerce. Originally opened in 1930, the building was designed by the renowned architecture firm Graham, Anderson, Probst & White. Spanning over four million square feet, it was once the largest building in the world and remains a bustling hub for business and trade. Today, Merchandise Mart is more than a landmark; it is a thriving ecosystem of creativity and technology.
Strengths of Chicago’s Tech Scene
- Diverse and Inclusive Ecosystem: Chicago is recognized for its inclusive startup scene, with 30% of startups led by women or people of color, and a high share of female founders compared to other top tech hubs. This diversity supports greater inclusion in tech and contributes to a robust talent pipeline.
- Strategic Investments and Planning: The growth of Chicago’s tech sector is the result of a decade of strategic planning and investment in technology and innovation. Public and private investments have fostered a thriving ecosystem of initiatives and incubators, such as 1871, mHub, and MATTER, which have been instrumental in the city’s tech growth.
- Economic Contributions: The tech ecosystem in Chicago employs over 106,000 people, accounting for 8% of the city’s workforce, and has shown resilience during economic downturns, such as the COVID-19 pandemic.
- Affordable Cost of Living: Compared to coastal tech hubs, Chicago offers a more affordable cost of living, which can be attractive to tech professionals and startups looking to manage expenses more effectively.
Challenges and Reasons for Lag
- Lower Pay Compared to Coastal Hubs: While Chicago offers a vibrant tech scene, the pay for tech roles is generally lower than in coastal cities like San Francisco and New York. This can make it less attractive for top talent seeking the highest compensation.
- Limited Presence of Major Tech Giants: Although companies like Google, Amazon, and Microsoft have offices in Chicago, their presence is smaller compared to their operations in other major tech hubs. This can limit the availability of high-paying, high-profile tech jobs.
- Economic Uncertainty and Layoffs: The tech industry in Chicago, like elsewhere, has faced economic challenges, including layoffs at major companies such as PayPal, Salesforce, and Google. This has created a level of uncertainty and may impact the overall growth and stability of the tech sector.
- Venture Capital and Funding: While Chicago has seen significant investments, the availability of venture capital and funding can be more constrained compared to other tech hubs. This can affect the ability of startups to scale rapidly and achieve high valuations.
The “Other Reasons”
Theatre Scene:
Chicago’s art and theatre scene is a vibrant and diverse tapestry that showcases the city’s rich cultural heritage and dynamic creativity. Known for its innovative spirit and deep appreciation for the arts, Chicago offers a plethora of experiences that cater to every artistic taste.
- The Second City: Renowned as the birthplace of improv comedy, The Second City has launched the careers of countless comedic legends. Its performances are a delightful mix of sketch comedy and improvisation, offering audiences a unique and interactive experience.
- Chicago Theatre: An architectural gem, the Chicago Theatre is a historic landmark that hosts a wide range of performances, from Broadway shows to concerts and comedy acts. Its grand marquee and opulent interior make every visit a special occasion.
- Steppenwolf Theatre Company: Known for its powerful and provocative productions, Steppenwolf is one of Chicago’s leading theatre companies. With a strong emphasis on contemporary plays, it continues to push the boundaries of storytelling and theatrical expression.
- Goodman Theatre: As Chicago’s oldest and largest not-for-profit theatre, Goodman Theatre offers a diverse repertoire ranging from classic plays to groundbreaking new works. It is a cornerstone of Chicago’s cultural landscape, celebrated for its artistic excellence.
Art Scene:
- Art Institute of Chicago: One of the world’s premier art museums, the Art Institute of Chicago houses an extensive collection that spans centuries and cultures. From iconic works like Grant Wood’s “American Gothic” to an impressive array of Impressionist paintings, it is a treasure trove for art lovers.
- Museum of Contemporary Art (MCA): Dedicated to showcasing contemporary and modern art, the MCA features thought-provoking exhibitions and performances. It is a vibrant space for exploring the cutting edge of artistic innovation.
- Joffrey Ballet: A world-renowned ballet company, the Joffrey Ballet is celebrated for its stunning performances that blend classical ballet with contemporary works. The company’s commitment to artistic excellence and innovation makes it a cornerstone of Chicago’s performing arts scene.
- Chicago Symphony Orchestra (CSO): As one of the top orchestras in the world, the CSO delivers powerful performances that resonate with both classical music aficionados and new listeners alike. Under the leadership of acclaimed conductors, the CSO continues to elevate the city’s musical heritage.
Chicago’s art and theatre scene is a testament to the city’s vibrant cultural heartbeat. From the historic stages of its renowned theatres to the cutting-edge galleries and world-class museums, Chicago offers an unparalleled artistic experience that captivates and inspires.
