Best Practice: How do firms handle integration of assets during a merger?

Posted on December 9, 2015 by Chris Bonjean

Asked and Answered

By John W. Olmstead, MBA, Ph.D, CMC

Q. I am the managing partner of our six attorney civil litigation firm in Lexington, Kentucky. We are in the early stages of merger discussions with a 14 attorney firm in Lexington. My partners have asked me how other firms integrate their assets when the merger become effective. We would appreciate your thoughts?

Patton appointed associate judge in 10th Circuit

Posted on December 8, 2015 by Chris Bonjean

Michael J. Tardy, Director of the Administrative Office of the Illinois Courts, announced today that the 10th Judicial Circuit judges voted to select Suzanne L. Patton as an associate judge of the 10th Judicial Circuit.

Ms. Patton received her undergraduate degree in 1996 from Illinois State University in Normal and her Juris Doctor in 1999 from Southern Illinois University in Carbondale. Ms. Patton is currently affiliated with the Peoria County State's Attorney's Office in Peoria.

Supreme Court establishes uniform standards, certification process for problem-solving courts

Posted on December 8, 2015 by Chris Bonjean

The Illinois Supreme Court has announced the creation of uniform standards and a certification and application process for problem-solving courts across the state.

Statewide standards will bring uniformity, accountability, and administrative oversight to problem-solving courts in Illinois, where there are already more than 100 in operation and more in the planning stages.

CLE: Law Practice Succession and Transition - Ideas for Getting Started – LIVE Webinar

Posted on December 8, 2015 by Morgan Yingst

Are you a senior attorney contemplating retirement….or a young lawyer looking to acquire a practice? Then don’t miss this one-hour online seminar on January 26, 2016 that shows you how to get started on the succession and transition process! Topics include: the approaches that other attorneys have taken to transition out of their practices, as well as what other firms are doing; the various opportunities available for young lawyers; where and when to get started, including goals, timeline, and basic valuation; how to find candidates and opportunities; the pros and cons of an internal succession or partnerships; Of-Counsel arrangements; the ethical considerations (Rule 1.17) that can arise; and much more!

Shop the ISBA Lenovo Member Savings Program for holiday savings

Posted on December 7, 2015 by Morgan Yingst

‘Tis the Season for shopping with Lenovo! Give the gift you know they will open all year by shopping Lenovo’s entire portfolio of cutting edge Tablets, Laptop Convertibles, All-In-One Desktops, Accessories and more. Through the ISBA Member Savings Program, you get ongoing discounts of up to 30%, FREE shipping on all web orders, access to energy-efficient green technologies, award-winning service and limited-time special offers!

Illinois Lawyer Finder makes over 650 referrals in November

Posted on December 5, 2015 by Chris Bonjean

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 November 2015, there were 656 referrals. ISBA helped people in need of legal services find lawyers in the following areas:

Here are the results for November 2015:

  • 656 phone referrals made by Lawyer Finder staff
  • Most requested areas of law: Family (137), Personal Injury (100), Real Estate (67), Employment Law (57), Criminal Law (49), Civil Disputes (43) and Civil Rights (28).
  • 18,257 visits to IllinoisLawyerFinder.com (16,240 unique visitors)

Quick takes on Thursday's Illinois Supreme Court opinions

Posted on December 3, 2015 by Chris Bonjean

Our panel of leading appellate attorneys review Thursday's Illinois Supreme Court opinions in the civil cases 1010 Lake Shore Association v. Deutsche Bank National Trust Company and DG Enterprises v. Cornelius. and the criminal cases People v. Carter, People v. Schweihs, People v. Thompson and People v. Espinoza.

CIVIL

1010 Lake Shore Association v. Deutsche Bank National Trust Company

By Karen Kies DeGrand, Donohue Brown Mathewson & Smyth LLC

A condominium association won summary judgment in a lawsuit it brought against a bank in a fight over whether the bank had extinguished the association’s lien rights following purchase of the unit at a judicial foreclosure sale. Interpreting two statutes, section 9(g)(3) of the Condominium Property Act and section 15-1509(c) of the Mortgage Foreclosure Law, the Illinois Supreme Court determined that a lien for unpaid assessments by a previous owner is not fully extinguished at a judicial foreclosure and sale unless the new owner “confirms the extinguishment” of the lien by paying assessments incurred after the sale. The lien is statutorily created upon a unit owner’s failure to pay common expenses when due. Even assuming that the condominium association was included as a party to the prior foreclosure action, the bank still was required to take the additional step to confirm the extinguishment by paying post sale assessments.  

Supreme Court adopts new rule to prevent disclosure of private info in documents

Posted on December 3, 2015 by Chris Bonjean

The Illinois Supreme Court has adopted a new rule to protect against identity theft and the disclosure of personal information in cases before the state's reviewing courts.

During its November Term, the Supreme Court approved Rule 364. It will take effect July 1, 2016, and affect all documents and exhibits filed by paper or electronically in criminal and civil cases before the Illinois Appellate and Supreme courts.