Tracy J. Nugent

A successful business must understand the needs of its clients and have the expertise to promptly and effectively respond to those needs. Success in the business of providing legal services demands no less.
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Tracy Nugent concentrates his practice in the areas of business law, securities law related to private placements, intellectual property licensing, secured lending and commercial real estate. 

Tracy works closely with companies and entrepreneurs, and has helped guide many clients through the process of establishing a new business, raising capital, securing intellectual property rights, structuring agreements among an entity’s owners and with its employees, negotiating agreements with customers and vendors, technology licensing and the acquisition and sale of businesses through asset and equity transactions. 

Tracy has assisted many entrepreneurs negotiating licenses to commercialize technology developed at the University of Illinois.  He has also handled many transactions involving the acquisition and sale of jet aircraft.  Tracy works with clients locally, as well as clients having regional, national and international business interests, and has represented clients in transactions with Fortune 100 companies. 

Tracy is a member of the Illinois State Bar Association and is currently chairperson of the ISBAs Business and Securities Law Section Council.  Tracy has been a member of that Section Council since 2006, and has been a regular contributor to the Section Council newsletter that is subscribed to by business lawyers throughout Illinois.  Tracy was invited in 2014 to become a member of the Institute for Illinois Business Law, a group that reviews and recommends changes to business laws in Illinois. He is also a member of the American Bar Association and its section of Science and Technology, and of the Champaign County Bar Association.  Tracy has been recognized by his peers as a leading lawyer in downstate Illinois.

After earning a Bachelor of Science degree with honors in Business Administration at the University of Illinois Tracy worked in the transportation industry in Chicago for a year, then returned to the U of I to earn both his law degree and MBA degree in 1984.  Tracy joined the law firm of Meyer Capel in 1984 and became a shareholder in 1989. 

Tracy has served as a commissioner of the Housing Authority of Champaign County and has also worked with, and volunteered his time to assist, many local charitable organizations.  Tracy’s wife, Claudia, is a local gastroenterologist.  They have two children, and enjoy sports, music and travel.

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