Make no mistake, this is not the workers' comp act you knew two months ago. Rich Hannigan's article in the August Illinois Bar Journal highlights key changes to the law, many of which take effect next month.
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August 1, 2011 |
Practice News
1 comment (Most recent August 11, 2011)
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August 1, 2011 |
Member Services
The Illinois State Bar Association’s Lawyer Finder Service provides referrals to local lawyers Mondays through Fridays. The Service makes referrals in a number of areas of law. For the month of July 2011 ISBA helped people in need of legal services find lawyers in the following areas:
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August 1, 2011 |
Practice News
The Illinois Supreme Court has announced that retired Associate Judge Charles J. Gramlich has been recalled to duty in the 7th Judicial Circuit. This appointment was required by the recent death of Judge Lois Bell. This recall is effective Aug. 1, 2011, and terminates on Dec. 3, 2012.
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August 1, 2011
The Illinois Bar Foundation recently hosted a reception for ISBA Past President Mark D. Hassakis at Carnivale in Chicago. -
July 28, 2011 |
ISBA News
A recent upgrade of the Illinois Lawyer Now site comes with three main improvements. First, members can now comment on posts and the comments can be viewed by anyone visiting the site. The login to comment is the same that members use on the main ISBA site (ISBA.org). The photo gallery has been upgraded to include a slide show and provide a much better viewing experience. Another improvement is the addition of an archive search on the left hand column of the page. This allows members easier access to past stories on Illinois Lawyer Now.Thank you for visiting the site.
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July 28, 2011 |
Practice News
ISBA Director of Legislative Affairs Jim Covington reports from Springfield on two family law bills recently signed into law: (PA 97-189)-Penalty for False reporting of child abuse or neglect enhanced to a Class 4 felony and (PA 97-186)-two changes affecting past-due child support.
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July 27, 2011 |
Practice News
You just don't get Twitter, you say? You're not alone. But many of your colleagues, including some who shared your skepticism, are using Twitter to reach out to fellow practitioners, communicate with the public, and make themselves better lawyers. Read all about it in the August Illinois Bar Journal.
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July 27, 2011 |
Practice News
Asked and AnsweredBy John W. Olmstead, MBA, Ph.D, CMCQ. I am the senior partner in a six attorney firm in Los Angeles. I am 68 years old and thought that it was about time I begin thinking about retirement and begin discussions with my other partners. We have no partnership agreement and no plans in place to effect the transition of partners. What are some of the methods being used by law firms effect the retirement of partners?A. There are almost as many approaches as there are law firms - ranging from partners that just leave and give their practices to the others partners to various methods for buying out the departing partner's interest in the partnership. In the final analysis the optimal approach is what makes everyone happy and a solution that everyone can live with. Here are a few illustrations: Fully Funded RetirementPartner gets capital accountShare of current year earningsBenefits from the partner’s personal retirement planNo payment for share of WIP or AR50 Percent Wind Down Option – Then Retirement Payments For Live Five year step-down plan in lieu of payoffPartner get capital accountsShare of accounts receivableNo share of WIPFive year stepped pay down to 50%, then for life one-half of 5th year payout.Pension For Live
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July 26, 2011 |
Practice News
Lawyers are increasingly receiving emails from alleged potential clients who supply legitimate looking but bogus checks and then develop reasons why some or all of the money has to be wire transferred to institutions or individuals who are usually in foreign countries. We expect these fraudulent activities to continue and we want to help our policyholders avoid these situations. While the checks are transmitted in a way that appears to be legitimate, they routinely turn out to be bogus.The same scenario is common with each of these scams. The law firm receives what appears to be a cashier’s check drawn on a legitimate domestic or foreign bank from a prospective client for a legitimate sounding business purpose. The law firm deposits the check in their client trust account. Almost immediately, the firm is besieged by the prospective client with urgent requests to wire transfer some or all of the proceeds of the check to banks or other recipients usually in foreign countries for legitimate sounding emergency needs. The original check turns out to be bogus.3 comments (Most recent July 28, 2011)
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July 26, 2011 |
Practice News
The Illinois Supreme Court announced today that David A. Brown, received a majority of the votes cast by the circuit judges in the Tenth Judicial Circuit and is declared to be appointed to the office of associate judge.Mr. Davis received his undergraduate degree in 1986 from Purdue University in Lafayette, Indiana and his Juris Doctor and M.S. in 1990 from Indiana University in Bloomington, Indiana. Mr. Brown is currently affiliated with Black, Black & Brown in Washington, Illinois.