Adam Samuel Tracy

Adam Samuel Tracy

also known as Adam S. Tracy, Adam Tracy

3.7
Rating: 1.0

Licensed for 20 years

Litigation Lawyer at Chicago, IL
Practice Areas: Litigation, Securities Offerings, Corporate & Incorporation

141 W. Jackson Blvd., Suite 2172, Chicago, IL

This lawyer was disciplined by a state licensing authority in 2020
See Details

About Adam

Biography

Practice Areas

3

Practice Areas

Litigation 50%

I represent both individuals and businesses in a wide variety of litigation matters, including contract, collection, and personal injury

21 years | 25 cases

50%
Corporate and Incorporation 25%

Providing entity and private fund formation for emerging, growth-orientated startups

21 years | 100 cases

25%
Securities Offerings 25%

I consult early stage ventures navigate the complex world of securities law. This includes drafting investment documents, providing IPO and reverse merger services, hedge fund formation and ongoing SEC compliance work.

21 years | 100 cases

25%

Fees and Rates

Cost

Free Consultation

$0 first 120 minutes

Contingency

10%-33%

Retainer

Sometimes


Payment Methods

  • Cash
  • Check
  • Credit Card

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Licenses

Licensed in Illinois for 20 years

State: Illinois

Acquired: 2005

Not Authorized To Practice Law Due To Discipline

Lawyer disciplined by state licensing authority in 2020

Location

The Tracy Firm, Ltd.

141 W. Jackson Blvd., Suite 2172, Chicago, IL, 60604

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Adam Samuel Tracy's Reviews

Avvo Review Score

3.7 /5.0

39 Client Reviews

Showing 1 - 4 of 4 reviews | Communication Style

Posted by anonymous | September 17, 2019 | Hired Attorney | Corporate & Incorporation

Big disappointment

I was a client of Adam Tracy. Here, I will clearly explain what was negative about my experience with this lawyer, without making any personal attacks or insults. I found out about Adam Tracy through a friend, so I had a call with Adam to assess if I should hire him to do the legal setup work of my c...ompany. On the call, Adam said it would take him five working days to do the work I required. Other international law firms who specialized in this kind of company setup work told me it would take around two months, so I asked Adam Tracy why it would take him only five days when other law firms told me it would take much longer. Adam told me he didn't know why other law firms took such a longer amount of time. Adam Tracy also gave me a much lower price quote compared to the other law firms I talked with. I decided to hire Adam Tracy, thinking that I would save time and money. Adam asked for half of the payment upfront. I put in a wire transfer to Adam Tracy's law firm for several thousand dollars, and I asked him to let me know as soon as he received this money. He didn’t inform me when he received the money, until I asked him about it weeks later. More than five business days passed after I paid him, and I asked for an update from him about the work he was supposed to do for me, but I got no answer from him. A full month passed, during which I continually asked for an update from him, but he gave me no answer. Another month passed, and again he gave no answer. Finally, I messaged Adam Tracy, telling him that I was considering taking action against him for his behavior of taking my money and then not doing the work and not responding to me. That is when he finally responded, and he said that it was my intention all along to get the work done from him and then "extort a refund" from him. Since then, I have given up on trying to retrieve my money from Adam Tracy and I have given up on trying to get any work done from him. I lost my money, and I lost my time.

Posted by thomas | June 29, 2018 | Real Estate

not worth cost

I started off in a dire situatuion reguarding my home. It was a long shot by the time I became aware of my situation. I spoke with several of his associates before I met him all saying it was not too late and he could help. After meeting him he asurred me I had a case and not to worry. I was will...ing to do what ever it took to save my home. I also asked to be notified if at any point things were going south and I needed to get out. See I have 3 children and my wife just passed away. He promised he would let me know if things were not going smooth. Well he didn't I awoke one morning to polcie officers asking me to get out of my home. I tried to call him several times with no return call. Basically this is a shorten version but to this day I still never heard from him. My family has bounced back now and i have learned a hard lesson on trusting people but dont use adam tracy for anything. I paid 2500 up front and 500 dollars a month for six months for nothing.

Posted by Anthony-James | August 02, 2016 | Securities Offerings

Great help with "Rule 144"

Rule 144 "that allows for the public resale of controlled and restricted securities contingent on some conditions," is a tad too complicated. Mr. Tracy explained it in detail to me and we decided to move forward together. Highly recommended.

Posted by Tiffany So | November 22, 2012 | Bankruptcy & Debt

My way of appreciation

My husband and I came to a point when bankruptcy seems to be the only option that we have given our personal circumstances. At that time we were stressed, scared, worried and ashamed. We have been with a few other attorneys but it was only when we met Adam that we became comfortable and assured. He i...s very professional, honest, hardworking and is very easy to work with. Adam took time to understand the issues that we faced as a family and explained to us our available options. When we were able to decide which course to pursue, Adam prepared everything needed and explained each step of the process along the way. He made certain that we understood exactly what was happening. In the end, we had a great result. We would highly recommend Adam to anyone who is looking for a great attorney.

See All Client Reviews

Adam Samuel Tracy's Lawyer Endorsements

Endorse Adam
Michael Emmet Forkan headshot
Michael Forkan

Foreclosure lawyer | May 18

Relationship: Worked together on matter

"I endorse this lawyer."

View All Endorsements
Todd D. Scalzo headshot
Todd Scalzo

Family lawyer

James A Doppke headshot
James Doppke

Ethics and professional responsibility lawyer

Robert James Kerr headshot
Robert Kerr

Criminal defense lawyer

Michael Emmet Forkan headshot
Michael Forkan

Litigation lawyer

Experience

Rating:  1.0 (Extreme Caution)

Professional misconduct

This lawyer was disciplined by a state licensing authority in 2020.

Disbarment by Consent issued in IL, 2020

updated on 04/07/2021

Disbarment on consent means the attorney resigned in order to avoid being disbarred, the most serious penalty for a lawyer.

Suspension issued in IL, 2019

updated on 10/16/2019

Suspension means an attorney lost his or her license to practice law for a specific period of time. The attorney typically returns to practicing law when the suspension expires.

Honors

2018

Client Champion Award, Martindale-Hubbell

Work Experience

2005 - Present

Founder/Managing Attorney, The Tracy Firm, Ltd.

2006 - 2008

Co-Founder, Vice President & General Counsel, Ecology Coatings, Inc.

2005 - 2006

Associate Attorney, Rathje Woodward LLC

2004 - 2005

Corporate Counsel, Philip Morris U.S.A.

2000 - 2003

Gasoline Trader, BP, PLC

Associations

2016 - Present

The National Creditors Bar Association

Member

2015 - Present

Securities Transfer Association

Member

2014 - Present

Federal Bar Association

Member

2014 - Present

DuPage County Bar Association

Member

2013 - Present

Securities Industry Association

Member

Sample of Legal Cases

Etherecash.IO

Client raised over $31,000,000

TriMax Consulting Inc

Initial Public Offering (IPO)

Carbon Credit International Inc

Initial Public Offering (IPO)

MP Ventures, Inc

Initial Public Offering (IPO)

Realco International, Inc.

Initial Public Offering (IPO)

See More Legal Cases

Education

2005

DePaul University College of Law

JD/MBA - Juris Doctorate and MBA

2005

DePaul University

M.B.A.

2000

University of Notre Dame

B.S. & B.A.

Speaking Engagements

2011

Real Estate Educators Association Predatory Loan Litigaiton

2011

Real Estate Educators Association Real Estate Investment

Publications

Languages

English

German

Activity

Avvo Rating

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What determines Avvo Rating?
  • Experience & background Years licensed, work experience, education
  • Legal community recognition Peer endorsements, associations, awards
  • Legal thought leadership Publications, speaking engagements
  • Discipline
    This lawyer was disciplined by a state licensing authority in 2020
    Disciplinary information may not be comprehensive, or updated. We recommend that you always check a lawyer's disciplinary status with their respective state bar association before hiring them.
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