Fannie Mae’s and Freddie Mac’s new and improved preforeclosure sales program takes effect today. Proponents hope it will make processing short sales easier and "provide a much needed alternative to borrowers facing foreclosure," Philip J. Vacco writes in the latest ISBA Real Property newsletter. Read his analysis.
Chief Judge Frank H. Easterbrook of the United States Court of Appeals for the Seventh Circuit is pleased to announce the appointment of Thomas M. Lynch to a 14-year term as United States Bankruptcy Judge for the United States District Court for the Northern District of Illinois. He will take office on January 3, 2013.
Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. Our firm is a 14 lawyer firm in Phoenix, Arizona. We are a new firm (formed 8 years ago) and we have 5 equity partners and 9 associates. Several of the associates have been with us since day one (8 years) and are asking us about partnership. We want to be fair and keep our top talent. What are your thoughts on this topic?
ISBA President John E. Thies discusses the "Lawyers in the Classroom," a program that sends Illinois lawyers to classrooms around the state. If you would like to be a part of this program, please visit www.isba.org/lawyersinclassrooms
Join us in Chicago on November 7th for a discussion that explores the scope of the lawyer’s fiduciary and ethical boundaries when representing the fiduciary! Learn to manage fiduciary risk with this comprehensive discussion on the ethical challenges facing the lawyer and financial advisor who acts as fiduciary, as well as those who represent the fiduciary. Attorneys, financial advisors, and certified public accountants who attend this seminar will gain a better understanding of: the required duties of trustees, executors, and personal representatives; how to appoint or remove a fiduciary from office; the fiduciary duties of the trustee; the red flags and ethical challenges that may arise when representing a fiduciary; and the scope of the lawyer’s fiduciary.
The program is presented by the ISBA Trusts & Estates Section and qualifies for 2.0 hours MCLE credit, including 1.25 hours Professional Responsibility MCLE credit (subject to approval).
Can’t attend the live program in Chicago? The join us on the web! This program will broadcast live via the Internet so that attorneys can attend remotely from the comfort of their home or office.
The federal Consumer Financial Protection Bureau has recently issued regulations to take effect on January 2, 2013 that will regulate debt collection by lawyers. The press release announcing these rules may be found here, which also includes links to other information about it such as a copy of the regulations, a factsheet explaining them, and the Bureau's examination procedures for debt collections.
Please join us at the 15th Annual Holiday Party and show your support for the IBF/ YLD Children’s Assistance Fund. Initially created to assist with the opening of children’s waiting rooms in courthouses across the State of Illinois, the IBF/YLD Children’s Assistance Fund has since grown, and now provides funding to organizations across the State of Illinois that provide legal assistance to children, maintain children’s waiting rooms in courthouses, work to reduce recidivism of juveniles, and/or work to reduce the incidents of domestic violence in families with children. The YLD has raised more than $350,000.00 for the Children’s Assistance Fund over the past 14, due, in large part, to the widespread support and participation in our annual Holiday Party. We hope that you will help us continue this worthy tradition by joining us in person or, if you cannot attend, by contributing to the cause.
WHEN: Friday, Dec. 7, 2012, 6 p.m.-10 p.m.
WHERE: Cubby Bear Lounge, 1059 W. Addison, Chicago, Illinois
WHAT: Open Bar, Warm Appetizers, and Live Music by Rod Tuffcurls & the Bench Press!
COST: $35 per person, for tickets purchased on or before Nov. 26, 2012; Discount rate: $30 for law students, for tickets purchased on or before November 26, 2012; $40 per person, for tickets purchased after November 26, 2012
Join your fellow antitrust practitioners in Chicago on November 2nd to view a real-time/live webcast of the Fourth Annual Great Lakes Antitrust Institute! The program uses remote access technology to stream live via the Internet from the Ohio State Bar Association to the ISBA Regional Office in Chicago!
The program is presented by the ISBA Antitrust and Unfair Competition Law Section and co-sponsored by the Ohio State Bar Association and the Indiana Continuing Legal Education Forum. It qualifies for 6.75 hours MCLE credit, including 1.0 hour PMCLE credit (subject to approval).
