Photo of Rasul M. Raheem

Rasul M. Raheem Senior Counsel

Areas of Practice


Bar Admissions

  • Michigan, 1984

Court Admissions

  • U.S. District Court, Eastern District of Michigan
  • U.S. District Court, Northern District of Illinois
  • U.S. Court of Appeals, 6th Circuit
  • U.S. Supreme Court


Wayne State University Law School, LL.M. in Corporate Finance Law, 2003

Wayne State University Law School, J.D., 1984

University of Michigan, B.G.S., 1979

Rasul M. Raheem is a senior counsel in Dykema's Detroit office and member of the Financial Services Practice Group, focusing his practice in the areas of business transactions, regulatory law and banking law.

Mr. Raheem has nearly 30 years of experience as in-house counsel to Michigan National Bank and LaSalle Bank Corp., with the last nine years at Bank of America, N.A. He provides legal counsel and advice to senior management regarding finance and lending relationships, credit issues, restructuring and recovery strategies, reputational risk, treasury services, bank policy and regulatory issues. He also has experience managing outside counsel, related litigation and legal spend with law firms across the country.

Mr. Raheem was appointed by the Mayor of the City of Detroit to the Detroit Land Bank Authority Board of Directors. He also serves as a member of the Michigan Roundtable for Diversity & inclusion and as an adjunct professor at Western Michigan University Cooley Law School, where he teaches a course on banking and financial institutions law.

Mr. Raheem has a number of published appellate decisions to his credit, and he is a member of several professional organizations.


  • Represented a middle-market lending group’s $240 million commercial loan and real estate portfolio involving industry conglomerates, Major League Baseball, the National Hockey League and the construction of Comerica Park
  • Provided broad-based counseling and legal services for commercial lending-loan documentation, financial services and regulatory matters, credit advisories, workouts, letters of credit, consumer lending, international lending and litigation
  • Provided counsel to intergovernmental special purpose public authority on banking and regulatory issues for vacant, abandoned and foreclosed property owned by the city of Detroit
  • Served as counsel to commercial lending groups, including middle market, business banking, asset-based lending, syndicated lending and commercial real estate lending
  • Served as counsel, providing legal advice in the areas of contracts, treasury services, the Uniform Commercial Code Articles 3, 4, 5 and 9, general litigation claims, and provided strategies to avoid and mitigate risk to financial institutions
  • National Union Fire Insurance Company, et al v Standard Federal Bank, 309 F. Supp. 2d 960 (E.D. Mich. 2004)
  • BCM Electronics v LaSalle Bank, 2006 U.S. Dist. LEXIS 12773, 59 U.C.C. Rep. Serv. 2d 280 (N.D. Ill. 2006)

Memberships & Involvement

  • State Bar of Michigan
  • American Bar Association
  • American Bar Foundation, Fellow
  • National Bar Association (Board of Governors, Chapter Affiliate Representative, 2013 - 2014; President's Corporate Advisory Committee, 2014 - 2015; Board of Governors’ Audit Committee, Chair; Commercial Law Section - Executive Committee, 2011 - Present)
  • Oakland County Bar Association
  • Oakland Country Bar Foundation, Fellow
  • D. Augustus Straker Bar Association (President, 2013 - 2014)
  • Wolverine Bar Association
  • Western Michigan University Cooley Law School, Adjunct Professor, Banking and Financial Institutions Law, 2011 - 2015

Community/Civic Activities

  • Detroit Land Bank Authority, Board of Directors, 2016-2018
  • Michigan Roundtable for Diversity & Inclusion, Board of Directors, 2016
  • Recognized in The Best Lawyers in America® for Banking and Finance Law; Financial Services Regulation Law, 2021. Copyright 2015 by Woodward/White, Inc., Aiken, SC 
  • D. Augustus Straker Bar Association Trailblazers Award, 2018
  • Western Michigan University Cooley Law School Integrity in Our Community Award, 2018
  • National Bar Association Presidential Award, 2016
  • Wolverine Bar Association Foundation Golden Gavel Award, 2016
  • First Chair Top Outstanding Assistant General Counsel. 2013-2015
  • Michigan Chronicle Men of Excellence Award, 2014