Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. We have a six-attorney insurance defense firm in Kansas City. For the last few years, our associate attorney costs have gotten out of control and in some cases, revenues generated by particular attorneys are not even close to where they should be considering their costs. We have one associate attorney who we pay a base salary who only does appellate brief work. He does not like litigation and does a poor job doing our “bread-and-butter” litigation work. We simply don’t have enough appeals to keep him busy. We are paying him a base salary of $100,000 a year. Last year his working attorney fees collected were $110,000. I welcome your thoughts.
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May 30, 2018 |
Practice News
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May 25, 2018 |
Practice News
Investigative avenues have opened up considerably in the past quarter-century thanks to the internet and, more recently, social media. Half of all divorce cases use evidence obtained from social media, according to a study conducted three years ago by the American Association of Matrimonial Lawyers. The internet and social media platforms contain a treasure trove of invaluable personal information that investigators and attorneys can use to disqualify jurors, confirm or question alibis, validate or disprove workers’ compensation claims, and generally smoke out the truth. But getting a hold of this information depends not only on your knowledge of free and paid online resources, but also the creativity and thoroughness of your search strategies.
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May 24, 2018 |
Practice News
The Illinois Supreme Court announced the filing of lawyer disciplinary orders on May 24, 2018. Sanctions were imposed because the lawyers engaged in professional misconduct by violating state ethics law.
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May 24, 2018 |
Practice News
The Illinois Supreme Court handed down three opinions on Thursday, May 24. The court upheld the constitutionality of the Vehicle Code’s definition of "low-speed gas bicycle" in People v. Plank, considered the application of the officer suit exception to sovereign immunity in Parmar v. Madigan, and determined whether statutory changes apply retroactively to two Freedom of Information Act requests in Perry v. Department of Financial and Professional Regulation.
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May 24, 2018 |
Practice News
The U.S. Attorney's Office Central District of Illinois is accepting applications for an assistant United States attorney opening in its Criminal Division. Applicants must possess a J.D. degree, be an active member of the bar (any jurisdiction), and have at least three years post-J.D. legal experience. U.S. citizenship is required. Preferred qualifications: At least five years post-J.D. legal or other relevant experience, strong advocacy skills, academic credentials, superior legal research and writing skills, quick analytical ability to accurately and precisely articulate critical case-related issues, criminal prosecutorial courtroom experience, good interpersonal skills, the ability to work in a supportive and professional team environment with client agencies, support staff, and other attorneys, and a demonstrated instances of sound legal and ethical judgment.
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The Fellows of the Illinois Bar Foundation honored Rick L. Turner, Jr. (Turner & Sackett, LLC) at the DeKalb County Fellows Reception on May 17, 2018, in DeKalb.
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The Fellows of the Illinois Bar Foundation honored Eugenia C. Hunter and posthumously honored Hon. David W. Watt, Jr. at the Southern Illinois Fellows Reception on May 10, 2018, in Carbondale.
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May 23, 2018 |
Practice News
Attorney Barry Zlotowicz discusses marketing tips attorneys can use when opening a new practice.
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May 23, 2018 |
CLE
You negotiate every day. In fact, your ability to effectively negotiate may be the most critical skill you possess, yet most negotiate instinctively or intuitively. This Master Series seminar trains you to approach negotiations with a strategic mindset, allowing you to become a more effective lawyer. And make no mistake – no matter how much you’ve negotiated, you can still learn. Adding that one new tactic may be the difference between winning and walking away empty-handed. Topics include: the golden rules of negotiation; gaining leverage with alternatives; using objective criteria and timing to your advantage; techniques for gathering information; generating creative solutions; dealing with "negotiation games;" and ethical considerations.
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May 23, 2018 |
Practice News
Asked and Answered By John W. Olmstead, MBA, Ph.D, CMC Q. I am the financial partner with our 16-attorney firm in Indianapolis. The firm has had a rough couple of years. We had several partners leave the firm and they took several corporate clients with them. Unfortunately, this was consistent retainer and time bill work. While we still have some retainer and time bill corporate work, a much larger mix of our work is now contingency fee work. As a result, we have had some cash flow challenges and for the first three months of this year there was no money to pay partner draws. We have a credit line with the bank of $125,000 that we have not used. We only use our credit line for long-term equipment purchases. We would appreciate any suggestions that you have.