Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. Our firm is an 18 attorney firm in Chicago that was formed by the existing four equity partners 10 years ago. We have four equity partners (founders), eight income (non-equity partners), and six associates. The income partners are not required to contribute capital. We are considering admitting a couple of the income partners as equity partners and also approaching possible laterals. What should we require in the form of buy-in or capital contribution?
ISBA members, sign up to receive The Bar News' biweekly e-newsletter by emailing emailpreferences@isba.org
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February 24, 2016 |
Practice News
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February 23, 2016
The Black Bar Association of Will County hosted its Barrister's Ball "Night of Stars" on Feb. 20 at the Clarion Hotel in Joliet. ISBA President Umberto S. Davi and ISBA President-Elect Vincent F. Cornelius attended the event. -
February 23, 2016 |
Events
Please register now for the ISBA Young Lawyers Division Wine Tasting Networking event. Join your peers for an evening of socializing and wine tasting! When: Friday, February 26, 2016, 5:30 – 7:30 p.m. Where: ISBA Chicago Office - 20 S. Clark Street, Suite 900 Online registration and more information available at www.isba.org/sections/yld/winetasting
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February 22, 2016 |
ISBA News
Ballots for ISBA elections won't be distributed for another month, but it's not too early to get acquainted with the candidates' backgrounds. Voters will select from contested races for third vice-president and the Board of Governors. You can view candidate bios in the March Illinois Bar Journal.
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February 22, 2016 |
Practice News
Chief Justice Rita B. Garman announced on Monday that the Illinois Supreme Court has concluded its four-year pilot project permitting news cameras in Illinois courtrooms and has adopted a permanent Policy for Extended Media Coverage (EMC) in the Circuit Courts of Illinois. The pilot project, which was launched by the Supreme Court on January 24, 2012, allowed the use of media cameras in certain courtrooms on an experimental basis. Since then, 15 judicial circuits have been approved to implement EMC, and more than 450 media requests have been made under the Policy. Based on the success of the pilot project and the Court's continued goal of promoting greater transparency, accountability, and accessibility to the court system, the justices have amended the Policy to terminate its status as a pilot project and to allow each circuit court to decide whether it wishes to implement EMC. “At every level of the judicial system, we do the people’s work, and the people have an interest in observing how the judicial process functions,” Chief Justice Garman said. "We are pleased with the success of the pilot project and with the great cooperation we have received from the media. It is time to make EMC more widely available."
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February 19, 2016 |
Practice News
People v. Ligon By Kerry J. Bryson, Office of the State Appellate Defender Dennis Ligon was armed with a BB gun when he approached a woman exiting her vehicle and took it from her. He was convicted of aggravated vehicular hijacking with a dangerous weapon other than a firearm (AVH/DW), a Class X felony. He was sentenced to natural life under the Habitual Criminal Act.
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February 19, 2016 |
Practice News
Attorney Sarah Toney discusses 5 ways to boost your firm's online presence.1 comment (Most recent February 20, 2016)
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February 19, 2016 |
Practice News
The Board of Directors of ISBA Mutual Insurance voted at their December 2015 meeting to declare a $1.9 million dividend. "We, at ISBA Mutual Insurance Company, are so proud of the progress and advancements (free policy enhancements, technology improvements and service gains) that the officers, staff and board have made this year,” said Chairman of the Board, John G. Locallo, "We are once again pleased to report a further dividend for all our member lawyers. After all, this is your Mutual and it’s a great feeling as Chairman to announce a return of your money. Have a great year!" Efficient operations, careful risk selection and successful investment management allowed ISBA Mutual to return $18.3 million in premiums since 2000. Lawyers and law firms insured by ISBA Mutual received a dividend for the past 11 consecutive years. ISBA Mutual provides malpractice insurance to Illinois lawyers and is available exclusively to members of the Illinois State Bar Association.1 comment (Most recent February 19, 2016)
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February 19, 2016 |
CLE
Mediation is designed to resolve differences both in and out of the courts. It requires a very different mindset than courtroom litigation. Join us in Carbondale on March 14, 2016 for this week-long mediation training and learn how to resolve conflicts in a non-adversarial, non-confrontational manner, allowing peaceful resolutions between parties. The program is taught by Richard Calkins and Fred Lane – two nationally recognized mediators, authors and educators. Until 20 years ago, both Mr. Calkins and Mr. Lane were well-known and highly regarded litigators. Since then, however, they have successfully mediated over 5,000 cases.1 comment (Most recent October 24, 2018)
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February 19, 2016 |
Member Services
SKI RESORTS NATIONWIDE Save Big on Lift Tickets! These offers are provided to you by Illinois State Bar Association. The New Year brings even more amazing offers for you to experience the best of Broadway! Discover brand new hit shows and some fantastic favorites - and with TicketsatWork, you're guaranteed to have fun and save money! There's so much to enjoy-look for great deals on shows, events, tours and attractions nationwide! Planning a long weekend getaway with the family or friends? Check out offers from Walt Disney World Resort, Universal Orlando, Six Flags and more. Don't forget, TicketsatWork members have access to great Local Deals, discounted movie tickets, rental cars and much, much more! Want to sign up? It's free and easy: 1. Visit www.ticketsatwork.com 2. Your company code is ISBA. 3. Read and follow the easy steps on our site, and once registered you can access all tickets, events, hotels and more online for free.