Asked and AnsweredBy John W. Olmstead, MBA, Ph.D, CMCQ. We are a two-partner firm located in Rochester, Minn. We have been approached by a solo practitioner that wants to sell us his practice. The price and terms seem fair, but we are concerned about staffing and managing the other office. His practice consists of himself and two staff members. We would have to maintain a second office, hire an associate or two for the office, and then manage both operations. We have recently tried to hire an associate without success by reaching out to targeted lawyers that we knew in our local area. Frankly, acquiring this practice is a little daunting. We would appreciate your thoughts.A. I believe the first issue is whether you are looking to grow the firm and are willing to undertake the additional management responsibilities that comes with growth. Some firms are ready for growth and others are not. Larger is not necessarily better. I would not let your unsuccessful associate hiring attempts discourage you from acquiring the practice if you desire to grow and the price and terms are acceptable. You may need to cast a wider net and be more focused in your efforts. Recently a two-attorney firm in Mid-Missouri hired an associate from St. Louis. A two-attorney firm in Central Kentucky hired an associate from Lexington, Kentucky. It may take some time but a concentrated recruiting effort usually pays off regardless where you are located - even in small communities. Click here for our blog on career management
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October 7, 2015 |
Practice News
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October 7, 2015
The ISBA and WBAI co-hosted a Leadership Summit on Oct. 5. Featured Speakers included WBAI President and ISBA Board member Hon. Jessica A. O'Brien, ISBA Executive Director Robert Craghead, Monique Austin and Jeanine Stathopoulos. -
October 5, 2015 |
Member Services | ISBA News
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 September 2015, there were 875 referrals. ISBA helped people in need of legal services find lawyers in the following areas:Here are the results for September 2015:875 phone referrals made by Lawyer Finder staffMost requested areas of law: Family (147), Personal Injury (110), Real Estate (99), Employment Law (85), Criminal Law (78), Civil Disputes (50) and Estate/Probate Law (34).18,938 visits to IllinoisLawyerFinder.com (16,902 unique visitors)Want to be part of the ISBA Lawyer Finder Service? Call (800) 252-8908 and ask for the Legal Department, or visit www.illinoislawyerfinder.comClients should call (800) 922-8757.
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October 5, 2015 |
CLE
Get the information you need regarding the various issues surrounding guardianship estates for disabled persons with this full day seminar in Chicago or via live webcast on October 16, 2015! Master the essentials of guardianship, including who qualifies as a disabled person, why a guardian may be necessary, the types of guardianship estates, and more. Attorneys with basic to intermediate practice experience who attend this seminar will gain a better understanding of: the roles of Guardian ad Litem, Public Guardian, and the State Guardianship in the guardianship process; the powers, duties, and limitations of the guardian; how a power of attorney compares to a guardianship; the guardianship procedure; the investment requirements and allocation of expenses under the Principal and Income Act; contested estates and how to avoid and/or settle them; and the ethical issues that may arise in guardianship matters.The program is presented by the ISBA Trusts & Estates Section and qualifies for 6.5 hours MCLE credit, including 1.0 hour Professional Responsibility MCLE credit (subject to approval).Click here for more information and to register.
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October 1, 2015 |
CLE
Competent representation not only requires legal knowledge, skill, and preparation, but also requires you to keep abreast of changes in the law and its practice, including the benefits and risks associated with technology. Don’t miss this program in Springfield on October 9, 2015 that’s designed to give you the individualized, personal, hands-on computer training you need that’s directly applicable to the practice of law! Attorneys lacking basic computer skills who attend this seminar will better understand: how to use computer hardware, including the keyboard and mouse; how to create documents in Microsoft Word; how to create an email account and what to do with it once it’s created; the dangers of opening attachments and spam; using the Internet for your online legal research; the importance of converting documents to PDF; how to safeguard yourself and your practice against the dangers of advanced technology; and much more!The program is presented by the ISBA Senior Lawyers Division and co-sponsored Young Lawyers Division. It qualifies for 3.50 hours MCLE credit, including 3.50 hours Professional Responsibility MCLE credit (subject to approval).Click here for more information and to register.
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October 1, 2015 |
Practice News
Illinois Supreme Court Justice Anne M. Burke announced today an application process for a vacancy in the 13th Judicial Subcircuit of Cook County.The vacancy will be created by the retirement of Cook County Circuit Judge Thomas P. Fecarotta Jr., who served as a judge since 1998. His retirement took effect September 30, 2015.
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September 30, 2015 |
Practice News
Michael J. Tardy, Director of the Administrative Office of the Illinois Courts, announced Monday that the 22nd Judicial Circuit judges voted to select Michael E. Coppedge as an associate judge of the 22nd Judicial Circuit.Mr. Coppedge received his undergraduate degree in 1984 from the College of St. Francis in Joliet, and his Juris Doctor in 1987 from Northern Illinois University in DeKalb. Mr. Coppedge is currently affiliated with Cowlin, Naughton, Curran & Coppedge in Crystal Lake.
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September 30, 2015 |
CLE
Update your knowledge on recent Appellate Court decisions, AMA examinations, and the compensability of psychological injuries with this advanced-level workers’ compensation seminar! Labor and employment attorneys and workers’ compensation practitioners attending this seminar will better understand: how Social Security, Medicare, and Medicare Set Asides interact with workers’ compensation claims; recent Appellate Court decisions that have affected the workers’ compensation practice; the ethical pitfalls you need to be aware of during your next workers’ compensation case; the physician’s perspective on AMA examination guidelines; the economics of running a law practice, including 401k’s; and much more! The program takes place on Monday, October 12, 2015 in both Chicago and Fairview Heights.The program is presented by the ISBA Workers Compensation Section and qualifies for 5.50 hours MCLE credit, including 1.0 hour Professional Responsibility MCLE credit (subject to approval).Click here to register for the CHICAGO program.Click here to register for the FAIRVIEW HEIGHTS program.
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September 30, 2015 |
Practice News
Asked and AnsweredBy John W. Olmstead, MBA, Ph.D, CMCQ. I am a recently elected managing partner of a 14 attorney firm in Orlando, Florida. For the last three years, our financial performance has been stagnant and my partners are asking me to cut all overhead expenses possible in order to improve profitability. Suggestions?
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September 30, 2015 |
ISBA News
The Illinois State Bar Association will hold its annual election in March 2016. Campaign season begins Oct. 1 for open ISBA seats including the office of 3rd Vice President, 10 seats on the Board of Governors, 44 Cook County Assembly seats and 88 Outside Cook Assembly seats.The ISBA Notice of Election 2016 is now available.Find out more at www.isba.org/elections