ISBA presents Illinois State Library with 100th Anniversary Issue of Illinois Bar Journal

Posted on February 1, 2012 by Chris Bonjean

Illinois State Bar Association (ISBA) President John G. Locallo (right) presented an oversize copy of the cover of the 100th anniversary edition of the Illinois Bar Journal, the monthly magazine of the ISBA, to Illinois Secretary of State Jesse White, in his capacity as State Librarian, on Tuesday, Jan. 31. An actual copy of the magazine was donated to the library for its archives and will be made available to the public. 

The 100th anniversary issue features an eight-page overview of how the publication has evolved over the years, both in appearance and content. It was authored by Thomas Hunter, a member of the Illinois Bar Journal Editorial Board and a clerk in the chambers of Hon. Richard P. Goldenhersh, Appellate Court of Illinois, Fifth District.

(Photo credit: John Wheeler)

Best Practice: Law Firm Profit Improvement Strategy

Posted on February 1, 2012 by Chris Bonjean

Asked and Answered

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

Q. Our firm has been struggling for the past couple years. We have lost three key institutional clients, had partner defections to other law firm, and have suffered financially. We were a 40 attorney firm- six years later we are ten. We simply must improve profitability. What areas of our overhead should we attack first?

A. Many law firms waste considerable time trying to find ways to cut a pie that is too small up differently by implementation of new compensation systems or increasing the size of the pie by decreasing costs. While unnecessary expenses should be reduced - once they are reduced a repeated effort to slash costs proves fruitless as a strategy to increase the firm pie. The vast majority of law firm expenses are fixed or production-related. The percentage of costs that are discretionary is low, typically in the 20-30 percent range, and the number of dollars available for savings is small. The available dollars available for reduction disappear after a year or two of cost-cutting, leaving the firm with dealing with the effects of further cuts on production capacity. For example:

14th Circuit gets first crack at cameras in courtrooms

Posted on January 31, 2012 by Chris Bonjean

Chief Justice Thomas L. Kilbride announced on Tuesday that the Illinois Supreme Court has approved the application from the 14th Judicial Circuit in northwestern Illinois to allow news media cameras in trial courtrooms in the state for the first time.

Chief Judge Jeffrey W. O’Connor of the 14th Circuit applied to the Supreme Court for approval last week, one day after Chief Justice Kilbride announced that an experimental program was unanimously approved by the seven justices on the Court.

The 14th Circuit is comprised of Henry, Mercer, Rock Island and Whiteside counties.

"Today's Order is a historic one," said Chief Justice Kilbride. "For the first time in state history, citizens not physically present will be able to see and hear proceedings in our trial courts. My colleagues and I an-nounced this change in policy hoping to promote greater openness and accountability. But we must carefully balance the goal of openness with the rights of defendants and parties to have fair trials.

"This pilot project will allow us to test the policy we have put in place and see if it is workable in Illinois, or if any changes need to be made before moving toward a full statewide policy. My colleagues and I are thankful for the 14th Circuit and Chief Judge O'Connor's willingness to serve in this pilot project. We look forward to their results."

In his formal request to the Court for approval, Chief Judge O’Connor noted that the news media in the area are already familiar with broadcasting trial proceedings because Iowa, just across the Mississippi River, has allowed cameras in courtrooms since 1979, and media have aired court coverage in the Quad Cities area, which includes Illinois communities.

ISBA files Amicus Curiae Brief – Center Partners v. Growth Head GP

Posted on January 30, 2012 by Hon. Douglas Knapp

In January 2012, the ISBA and the Association of Corporate Counsel filed an amicus curiae brief in the Illinois Supreme Court objecting to a broad application of the subject matter waiver of the attorney-client privilege in the context of business transaction negotiations. The case is Center Partners v. Growth Head GP, Supreme Court No. 113107.

ISBA Statehouse Review for the week of Jan. 26

Posted on January 26, 2012 by Chris Bonjean

ISBA Director of Legislative Affairs Jim Covington reviews bills in Springfield of interest to ISBA members. This week he covers: House bill 4077 (New crime), House Bill 4129 (Administrative support orders), House Bill 3943 (Eavesdropping) and House Bill 4098 (Judicial campaigns and disqualification). More information on each bill is available below the video.

President Locallo presents Chicago History Museum with 100th anniversary issue of IBJ

Posted on January 26, 2012 by Chris Bonjean

Illinois Bar Association President John G. Locallo (left) presents a mock copy of the 100th anniversary of the Illinois Bar Journal to Chicago History Museum President Gary T. Johnson on Wednesday.

An actual copy of the magazine was donated to the museum for its archives.

Best Practice: Starting a Law Practice: Challenges and Tips - Partnership - Phase III

Posted on January 26, 2012 by Chris Bonjean

Asked and Answered

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

Over the last two weeks I responded to a question concerning starting a new law practice and I outlined the first to phases of start-up. Eventually, you must address and face Phase III.

Phase III – Partnership – Internal/Other Firm

Eventually the question of partnership arises – whether sooner based upon the need or desire to transition an associate into a partnership or to add a practice area by acquiring a lateral partner with his/her book of business. Maybe you are thinking about merging with another firm. Or maybe you have been solo or a sole owner for your entire career and are now contemplating retirement and are looking for a succession/exit strategy and now must either bring in a partner, merge with another firm, or sell your practice. Partnership with another attorney creates another set of interpersonal dynamics and another set of skills that will need to be developed at this stage of your practice.