You have represented ABC Company for many years and seen it grow from a mom-and-pop operation to having more than $200 million in annual revenues and more than 300 employees. You are of that increasingly rare breed—a corporate generalist—and have represented ABC on its day-to-day contractual matters and during occasional acquisitions. But now, the first-generation owners have told you that they wish to sell the business. Of course, they want you to represent them in this once-in-a-lifetime transaction. The investment banker they have engaged to conduct the sale process has recommended that the buyer be required to obtain a representations and warranties (rep & warranty) insurance policy as part of the transaction. While you have heard about rep & warranty insurance, you have never come across it on a transaction before. Dykema attorneys Stephen Sayre and Brendan Cahill, in their November 2019 Illinois Bar Journal article, “Coming to a Deal Near You,” walk you through the steps of a deal requiring rep & warranty insurance.
The Illinois Supreme Court handed down one opinion on Thursday, October 24
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November 12, 2019 |
Practice News
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November 11, 2019 | CLE
Join us online from 11 a.m. until noon on Wednesday, Dec. 4 to gain a better understanding of the range and scope of bias in the legal profession, how it affects hiring, evaluation, and selection of leaders, as well as the actions needed to integrate diversity and inclusion in the law office and in the larger community. Topics include: nationwide law firm studies and surveys; how bias is both explicit and implicit; how unequal gender distribution in certain roles creates implicit associations; how evaluation of a work product can be negatively influenced by the worker’s race and/or gender; the connection between implicit bias and subtle negative messaging; the importance of being open to the existence and influence of cognitive biases; and how to use training, reverse mentoring, accountability, and other activities to integrate diversity and inclusion in both the law office and the community. -
November 8, 2019 |
Practice News
Illinois Supreme Court and Illinois Appellate Court justices welcomed 1,459 new attorneys to the legal profession on Nov. 7 during admissions ceremonies held at five different locations across the state. ISBA staff members were in attendance at all five ceremonies to welcome the state's newest attorneys to the profession, take photos, and talk about the benefits of ISBA membership, which is free for one year for new admittees. Member benefits can be activated by filling out the New Admittee Membership Form. All of those who were sworn in have passed the Illinois State Bar Examination and a required ethics examination and were certified by the Supreme Court Committee on Character and Fitness. They bring the total number of licensed attorneys in Illinois to approximately 96,500.
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November 7, 2019 |
Events | ISBA News
The Illinois Bar Foundation will honor Illinois Institute for Continuing Legal Education Executive Director Michael J. Rooney and Illinois Supreme Court Justice Mary Jane Theis with the 2019 Distinguished Service to Law & Society Awards at the annual Fellows Breakfast on Friday, Dec. 6 at the Westin O'Hare in Rosemont. Allen N. Schwartz of Kralovec, Jambois & Schwartz will receive the 2019 Honorary Fellow Award.
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November 7, 2019 | ISBA News
New attorneys were admitted to practice in Illinois on Nov. 7 at five separate locations across the state. The Third Judicial District ceremony was held at the East Peoria Embassy Suites Hotel Conference Center, 100 Conference Center Drive, in Peoria. -
November 7, 2019 | ISBA News
New attorneys were admitted to practice in Illinois on Nov. 7 at five separate locations across the state. The Second Judicial District ceremony was held at Hemmens Cultural Center, 45 Symphony Way, in Elgin. -
November 7, 2019 | ISBA News
New attorneys were admitted to practice in Illinois on Nov. 7 at five separate locations across the state. The First Judicial District ceremonies were held at the Arie Crown Theater, located at 2301 S. Lake Shore Drive, in Chicago. -
November 7, 2019 | ISBA News
New attorneys were admitted to practice in Illinois on Nov. 7 at five separate locations across the state. The Fourth Judicial District ceremony was held at the Michael J. Howlett Building, Second and Jackson Street, in Springfield. -
November 6, 2019 |
ISBA News
The deadline for making lodging reservations for the 2019 Joint Midyear Meeting is before 5 p.m. on Nov. 10. Reservations received after this date will be subject to availability. To make reservations, please contact the Westin O'Hare directly at 888.627.8517 and be sure to identify yourself as an ISBA Joint Midyear Meeting attendee. The Joint Midyear Meeting, hosted by the Illinois State Bar Association and the Illinois Judges Association, will be held Dec. 5-7, 2019, at the Westin O'Hare in Rosemont. The online registration deadline is Wednesday, Nov. 27.
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November 5, 2019 |
Practice News
The Nominating Committee of the Circuit Court of Cook County today announced its selection of the 30 candidates who will seek appointment to 15 associate judge vacancies by a vote of the circuit judges. All of the candidates received across-the-board positive ratings from the bar associations. The nominating committee employed a comprehensive approach in the nomination process that considered multiple aspects such as a variety of legal experience in the public and private sectors, and diversity of race, ethnicity and gender.