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Overview

David Williams is the leader of the firm's investment management group. He represents and counsels clients in the investment management industry, with particular focus on counseling investment advisers and investment company boards on registered investment company fund formation, regulatory requirements and corporate governance. He has experience advising global fund managers on environmental, social and governance (ESG) and impact funds, and their unique investment and governance considerations. In addition, David counsels investment advisers on the design and launch of closed-end interval and tender offer funds that enhance distribution channels for advisers.

“David is an excellent attorney: knowledgeable and responsive.”
CHAMBERS USA (CLIENT QUOTE)

Registered Investment Companies

Mutual Funds
David counsels registered investment companies, their boards and registered investment advisers on SEC registration, operations and regulatory obligations. David advises multi-series and multi-class mutual funds and their boards, including money market funds, exchange-traded funds and multi-manager funds.

Closed-End Funds
David has significant experience advising clients on the registration process for, and ongoing regulatory obligations of, continuously offered closed-end funds, including interval funds and tender offer funds. 

Environmental and Socially Responsible Funds 
David has recognized experience in the formation of socially responsible, ESG and impact funds, and in advising fund managers and sponsors regarding their unique considerations. He advises global money managers on funds, concentrating on investments in socially responsible entities, renewable energy companies and sustainable companies.

Personal Interests

Diversity and Inclusion
David is involved in and committed to diversity and inclusion initiatives at the firm. He is a member of the firm’s Engagement and Diversity Committee and has conducted firm-wide implicit bias trainings.

Credentials

Bar Admissions

Illinois

Education

George Washington University Law School
J.D. (2008)

University of Illinois at Urbana-Champaign
B.A. (2005)

Environmental, Social and Governance

Environmental, Social and Governance

David co-leads the firm’s full service ESG team and advises investment management clients on delivering sustainable value.
Learn more about ESG

Insights & Events

Latest
Updates October 2026

SEC Open Meeting Advances "Responsible Retailization" Agenda with Three Proposed Rulemakings

Each proposal is now subject to a 60-day public comment period.
8 min read
News August 2026

David Williams Recognized as 2026 ‘Notable Leaders in Accounting, Consulting & Law’ Honoree by Crain’s Chicago Business

1 min read
Updates June 2026

Supreme Court Closes the Door on Private Suits under Section 47(b) of the Investment Company Act of 1940

FS Credit Opportunities Corp. et al. v. Saba Capital Master Fund, Ltd. et al., No. 24-345, 608 U.S. ___ (2026)
5 min read
News June 2026

Faegre Drinker Practices and Attorneys Earn Rankings in Chambers USA 2026 Guide

18 min read
Updates May 2026

SEC Proposes Amendments Governing Registered Offerings Related to Form N-2 and Preemption of State Securities Law Registration

Market Participants Should Consider Submitting Comments to Shape the Final Rules
16 min read
Media Mentions March 2025

David Williams Featured in American Lawyer’s ‘How I Made Practice Group Chair’ Series

1 min read
Updates July 2023

Republican State Attorneys General Target Mutual Fund Directors Concerning Mutual Fund Adviser ESG Activities

6 min read
Speaking Engagement Recap January 26, 2022

Interval Fund – Best Practices for a Successful Launch - Webinar

1 min read
Event Recap May 16, 2019

Diversity and Inclusion: Ideals, Initiatives and Implementation

1 min read
Event Recap May 16, 2019

Drinker Biddle Investment Management Group Sponsors Hedge Funds Care Chicago’s Help For Children Benefit

1 min read

Leadership & Community

Pro Bono

David has assisted not-for-profit pro bono clients with the 501(c)(3) application and filing process. He is also a volunteer teacher with the Lawyers in the Classroom Program and a volunteer with the Domestic Violence Legal Clinic (DVLC).

Professional Associations

  • National Bar Association — Commercial Law Section
  • Federal Bar Association

Civic Activities

  • Leadership Greater Chicago, Signature Fellow, 2024
  • Mercy Home for Boys & Girls — Board of Regents, 2023-present
  • Metropolitan Planning Council — Board of Governors, 2021-present

Firm Leadership

  • Leader, Investment Management Group, 2024-present
  • Deputy Group Leader, Investment Management Group, 2023-24
  • Engagement and Diversity Committee (Co-vice Chair, 2020-2024)
  • Chicago Hiring Committee, 2020-2025
  • Financial Services Industry Group — Steering Committee
  • ESG & Impact Investing Team — Steering Committee
  • Drinker Biddle & Reath LLP — Diversity and Inclusion Committee; Planning Committee, Annual Diversity and Inclusion CLE Event; Diverse 1L Internship Program; Partner Liaison, Associate Committee

Honors

  • Faegre Drinker — Pro Bono Honor Roll, 2025
  • Chambers Global — 2025-26
  • Chambers USA — Nationwide, Registered Funds, 2024-26
  • Crain’s Chicago Business — “Notable Leaders in Accounting, Consulting and Law,” 2026  
  • Minority Corporate Counsel Association – Rising Star, 2023
  • Crain’s Chicago Business — “Notable Minorities in Accounting, Consulting and Law,” 2020  
  • Leadership Council on Legal Diversity Fellow — 2017
  • Chicago Bar Association Leadership Institute — 2017
  • Illinois Emerging Lawyer, Leading Lawyers — 2015, 2017
Awards Methodology
No aspect of these recognitions has been approved by the highest court of any state.