Asked and AnsweredBy John W. Olmstead, MBA, Ph.D, CMCHere are a few ideas to help you jump start your practice in 2015:During the next week review your 2014 personal and practice performance and consider:Things that you did well and could have done betterThings done poorlyThings that you should have done but did not doWhat you should be doing now – in 2015 – to be effective in your practice
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December 31, 2014 |
Practice News
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December 30, 2014 |
Practice News
Chief Judge Kathryn E. Creswell announced that the Court is accepting applications to fill a vacancy for the Office of Associate Judge of the 18th Circuit Court of DuPage County. This vacancy is the result of the elevation of Associate Judge Paul M. Fullerton to Circuit Judge.
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December 30, 2014 |
Practice News
The Illinois Supreme Court announced Monday that Circuit Judge James R. Moore of the First Judicial Circuit has been assigned to the Fifth District Appellate Court, filling the vacancy created by the retirement of Appellate Justice Stephen L. Spomer on November 30, 2014. The assignment of Judge Moore to the Appellate Court is effective January 2, 2015 and remains in effect until further order of the Court.
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December 29, 2014 |
CLE
Gain a better understanding of how President Obama's new executive action could impact your employer clients who are dealing with an influx of newly work-authorized employees. Labor and employment attorneys, general counsel, and immigration lawyers who attend this online seminar on Thursday, January 15, 2015 will learn: how the executive action may impact employers with older employees who present new documents securing deferred action; how the executive order will impact an employer's honesty policy; the steps employers need to take with I-9s; whether or not employers can decide not to work with any Deferred Action for Childhood Arrivals (DACA) or Deferred Action for Parental Accountability (DAPA) eligible individuals in an effort to reduce liability or because of opposition to the executive action; and much more! The program is presented by the ISBA International & Immigration Law Section and qualifies for 1.25 hours MCLE credit.Click here for more information and to register.
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December 22, 2014 |
People
Michael J. Tardy, Director of the Administrative Office of the Illinois Courts, announced Monday that the Sixth Judicial Circuit judges voted to select Phoebe S. Bowers as an associate judge of the Sixth Judicial Circuit.Ms. Bowers received her undergraduate degree in 2000 from Millikin University in Decatur and her Juris Doctor in 2003 from Southern Illinois University in Carbondale. Ms. Bowers is currently affiliated with Fuller, Quigg & Bowers in Decatur.
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December 18, 2014 |
Practice News
Our panel of leading appellate attorneys review Thursday's Illinois Supreme Court opinions in the civil case Bettis v. Marsaglia and the criminal cases People v. Belknap and People v. Stevens.CIVILBettis v. MarsagliaBy Karen Kies DeGrand, Donohue Brown Mathewson & Smyth LLCInterpreting a provision of the Election Code and resolving a split among appellate districts, the Illinois Supreme Court found that a petitioner seeking judicial review of an electoral board’s denial of a request to submit a public question for referendum satisfied the statutory service requirement. The Election Code, 10 ILCS 5/10-10.1(a) (West 2012), provides that a candidate or objector seeking judicial review of an electoral board’s decision must serve a copy of the petition upon the electoral board. The petitioner, Carolyn Bettis, wished to challenge a resolution of the Macoupin, Montgomery and Sangamon counties’ school district to issue working cash bonds in the amount of $2,000,000. Bettis petitioned the local election board to place the issue on the ballot for an April 9, 2013 election. When the board sustained the objections of two individuals to Bettis’ request, she sought judicial review and served a petition on all of the members of the electoral board at their homes, but did not serve the board as a separate entity.
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December 18, 2014 |
Practice News
Q. What should I do if believe my supervising attorney has given me a task that I think violates the Illinois Rules of Professional Conduct?A. Rule 5.2(a) states that “a lawyer is bound by the Rules of Professional Conduct notwithstanding that the lawyer acted at the direction of another person.” However, the comments to that rule provide some limited protection for a subordinate lawyer in certain circumstances such as when the subordinate attorney files a frivolous motion at the request of a supervising attorney or the “lawyer is acting in accordance with a supervisory lawyer’s reasonable resolution of an arguable question of professional duty.” For more information, see IRPC 5.2.ISBA members can browse past ISBA Ethics Opinions, access our Ethics Hotline, and other resources on the ISBA Ethics Page.[Disclaimer. These questions are representative of calls received on the ISBA’s ethics hotline. The information provided below is meant as an educational tool to highlight potentially applicable Illinois RPC or other ethics resources that might help the lawyer answer the question posed. The information provided isn’t legal advice. Because every situation is different, often complex, and the law is constantly evolving, you shouldn’t rely upon this general information without conducting your own research.]
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December 18, 2014 |
Practice News
The ISBA Assembly unanimously approved a resolution in support of the celebration of the 800th Anniversary of the Magna Carta on Saturday, Dec. 13 during the Joint Midyear Meeting in Chicago. The resolution was brought forth by ISBA Governor Stephen M. Komie.The text of the resolution is available here and below:ASSEMBLYILLINOIS STATE BAR ASSOCIATIONMIDYEAR MEETINGA Resolution in Support of Celebrating the 800th Anniversary of the Magna CartaWHEREAS, Magna Carta (Latin; "Great Charter"), also called Magna Carta Libertatum or The Great Charter of the Liberties of England, is an Angevin charter originally issued in Latin;WHEREAS, on June 15, 1215, at Runnymede on the banks of the River Thames near Windsor, England, King John affixed his seal to Magna Carta. King John confronted by 40 rebellious barons at the point of a sword consented to their demands in order to avert civil war. However, just 10 weeks later, Pope Innocent III nullified the agreement, and England plunged into internal war. Although Magna Carta failed to resolve the conflict between King John and his barons, it was reissued several times after his death;
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December 17, 2014 |
Practice News
"As advocates fearful of court rebuke or sanction, Illinois lawyers normally play by the procedural rules, not citing Rule 23 orders even when such an order would be helpful to their case." So writes Robert T. Park in the latest issue of Trial Briefs, newsletter of the ISBA Civil Practice & Procedure Section.So what about In re Estate of LaPlume? There, Park writes, the appellate court cited a Rule 23 order while "carefully stating that it was not relying on that order as precedent but still quoting from it and using its holding to bolster the correctness of its disposition of the case before it."Park sees LaPlume as more support for the argument that Rule 23 be amended. "There is no sound reason why a litigant or judge can cite a federal trial court decisions from North Dakota or Alaska, as found in West’s Federal Supplement, or any sister state’s appellate decisions but is not allowed to cite an Illinois Rule 23 appellate order, even one that is on point and potentially dispositive." Read his article.1 comment (Most recent December 18, 2014)
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December 17, 2014 |
Practice News
Asked and AnsweredBy John W. Olmstead, MBA, Ph.D, CMCQ. John, where do you begin to get a value on a family law practice? It seems that one times gross revenue is unfair since it is usually one time business. I saw you speak at an ISBA event and this question was not addressed.A. Regarding your question - it sort of depends on whether you are buying or selling and where you want to start. In general, I agree with you that a multiple of one times gross for a family law practice is probably high. It depends on whether the practice has built up more of a firm brand vs. an individual brand. In other words institutionalized the practice. Also on where and how the firm gets business - advertising, referral sources, etc. A firm that has practice (institutional) goodwill might very well start at a multiple of one whereas a practice where the goodwill is personal goodwill the multiple might be .75 or less - in some cases even zero. I know of a few family law practices in the Chicago area that have been sold for .33 of gross revenue. Often the initial asking price has little to do with regard to where you end up. Often, due to the concern that the clients and business might not materialize for the new buyer many firms are sold on various forms of an "earn-out" or a small payment at closing with the remainder paid and based on a percentage of revenues collected over a period of time - 3 to 5 years.I have seen PI and other one shot matter firms sell for one times gross revenues but this is a best case scenario. CPA firms fare much better.