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On September 15, 2017, Madigan announced that she would not seek re-election as the state's attorney general in 2018, and was succeeded by State Senator Kwame Raoul.

On September 15, 2017, Madigan announced she would not seek reelection in 2018.

She was widely believed to have the ambition to pursue a higher political office. In 2008 The New York Times named her among the seventeen most likely women to become the first female President of the United States. However, on July 14, 2013, Madigan, who was widely expected to run for governor of Illinois in 2014, announced she would not run because of her father's decision to stay in his post as speaker of the Illinois House. Instead, she ran for reelection as state attorney general and won.

In 2008, Madigan was considered a potential candidate for Governor of Illinois or the United States Senate. However, on July 8, 2009, Madigan announced she was running for reelection as Illinois Attorney General instead of seeking higher office in 2010. Although she was also considered a possible replacement for Barack Obama's Senate seat following his victory in the 2008 presidential election, Madigan described her chances of being appointed as "less than zero." Instead, Illinois governor Rod Blagojevich appointed Roland Burris to fill that term, which appointment gave rise to the Blagojevich Senate appointment scandal and ultimately led to his federal convictions. Many speculated Madigan was "Senate Candidate #2" in the complaint against Blagojevich, although no wrongdoing on her part was implied.

Madigan was one of many Illinois politicians with strained relationships with now-convicted former Illinois Governor Rod Blagojevich. (See Rod Blagojevich controversies.) Her father Michael Madigan, Speaker of the Illinois House of Representatives previously had a feud with Blagojevich, as highlighted by TIME magazine. On December 12, 2008, Madigan attracted national attention after filing a motion with the Supreme Court of Illinois to temporarily remove Governor Rod Blagojevich from office and install Lt. Gov. Pat Quinn. Although that court denied that motion without a hearing, Blagojevich was subsequently impeached and removed from office by the Illinois General Assembly, and Quinn was sworn in as governor. Blagojevich was later convicted in Federal court on 18 counts and sentenced to 14 years' imprisonment, based on the blatancy of his attempts to use his office for personal gain. Although the U.S. Court of Appeals for the 7th Circuit and U.S. Supreme Court upheld his convictions, on a subsequent appeal, the 7th Circuit threw out 5 of the convictions in 2015, but Blagojevich was resentenced to the same lengthy term of imprisonment.

In 2006, Madigan won re-election with 72.4% of the vote against Tazewell County State's Attorney Stewart "Stu" Umholtz.

In 2004, Madigan became the first Illinois Attorney General in more than 25 years to personally argue a case before the United States Supreme Court. She successfully argued Illinois v. Caballes, where the court reaffirmed the ability of police officers to use specially trained dogs without a search warrant or probable cause to detect the presence of illegal drugs during traffic stops.

In 2002, Madigan ran for Attorney General of Illinois and narrowly defeated Joe Birkett with 50.4% of the vote.

In 1998, at the age of 32, Madigan ran for Illinois state senator for the 17th District. She handily beat her primary opponent with 66% of the vote and ran unopposed in the general election. She served in that office from 1998 through 2003.

Madigan attended The Latin School of Chicago for her secondary education. In 1988 she received her bachelor's degree from Georgetown University. She received her Juris Doctor (J.D.) from Loyola University Chicago School of Law.

Lisa Murray Madigan (born July 30, 1966) is an American lawyer and politician. A member of the Democratic Party, she served as Attorney General of the U.S. state of Illinois from 2003 to 2019, being the first woman to hold that position. She is the daughter of Michael Madigan, who has served as Speaker of the Illinois House of Representatives since 1997.