Winding Down Your Practice

April 21, 2017
1:00 – 4:45 p.m. (Reception to Follow)
3.50 MCLE hours, including 3.50 Professional Responsibility MCLE credit hours (PMCLE credit subject to approval)
Presented by Senior Lawyers

Chicago
ISBA Regional Office
20 S. Clark Street, Suite 900
(map and directions)

 

If your long and distinguished law career is winding down – or you’re just trying to plan ahead for your future retirement days – then you won’t want to miss this half-day seminar that gives you the basic information you need to plan every step before walking away. Attorneys who attend this seminar will learn:

  • How to prepare a succession plan;
  • How to protect clients if the unfortunate should occur;
  • Why adding tail coverage to your professional liability policy is a must;
  • What it means to be “Of Counsel”; and
  • Things to consider before selling your practice.


Program Coordinator/Moderator:
John G. O’Brien
, Attorneys' Title Guaranty Fund Inc, Arlington Heights

 

Agenda

1:00 – 2:00 p.m.  Professional Duties
This comprehensive review discusses aging in the Illinois legal profession, and offers suggested steps that lawyers can take to prepare a succession plan and advice on how to minimize harm to clients and others if some misfortune should strike.
John R. Cesario, Attorney Registration and Disciplinary Commission, Chicago

2:00 – 2:45 p.m.  Tail Coverage Issues, Extended Reporting Periods, and the Statute of Repose
Tail coverage and other options offers extended coverage for claims reported after the expiration date of a professional liability policy. This segment explores your options regarding tail coverage and explains why it should keep you awake at night until you know what you need and have it in place.
Peter R. Ryndak, Johnson & Bell Ltd., Chicago

2:45 – 3:00 p.m.  Break (refreshments provided)
Sponsored by the Illinois Bar Foundation

3:00 – 3:30 p.m. Trust Account Issues
Discover the trust account issues that you need to be aware of when winding down your practice with this informative presentation.
David T. Holtermann, Lawyers Trust Fund, Chicago

3:30 – 4:00 p.m.  Of Counsel Agreements
Don’t miss this discussion on what it means to be “Of Counsel,” as well as the available options when planning your final exit from the practice of law.
Leonard F. Amari, Amari & Locallo Ltd., Chicago

4:00 – 4:45 p.m.  Selling a Practice
This presentation examines Rule 1.17 and the process of selling your practice.
John H. Maville, Law Offices of John H Maville, Belvidere

4:45 – 5:45 p.m.  10 Year Anniversary Reception
For the past 10 years, the ISBA Senior Lawyers’ Section has created service opportunities and designed educational programs unique to the needs of those members of our legal community who are 55 or older or who have practiced law for at least 25 years. Please join us after the seminar for drinks and hors d’oeuvres to help celebrate the ISBA Senior Lawyers Section’s tenth anniversary!

 

*Professional Responsibility MCLE credit subject to approval