Asked and Answered 

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

Q. I am the administrator of a 16-lawyer firm in south Florida. There are six equity partners, two non-equity partners, and eight associates. The firm was formed nine years ago, and we have not lost any attorneys during this period of time. We believe that we have a positive culture and great lawyer retention. However, we would like to do more to ensure that lawyers stay with the firm and implement more incentives for them to do so. I would appreciate your thoughts.

Globalization, ease of travel, emerging markets, and greater mobility make it easier for people to work, live, marry, and establish homes in different parts of the world. When a marriage dissolves between spouses from different countries or when a couple resides in a foreign country, competing foreign jurisdictions can add complexity to an already messy situation, especially in child custody matters. The Hague Convention on the Civil Aspects of Child Abduction, a multilateral treaty currently ratified by 93 countries as of March 2016, provides an expeditious protocol for the return of a child unilaterally removed by a parent from one member country to another. 

Get the best practice tips and practical tools you need to elevate your firm above the rest with this half-day seminar in Chicago or via live webcast on September 28. Attendees will gain a better understanding of: Why diversity is important to your law practice and how to include it in your practice; how to overcome the obstacles that are preventing you from creating a paperless work environment; the tools you need to maintain a paper-free practice; the importance of maintaining a positive online presence and how to protect your online reputation; and how to avoid cybersecurity risks and create a secure practice.

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 August 2018 there were more than 1,000 referrals given.

Here are the results for August 2018:

With the 2018-19 season quickly approaching, we would like to offer you an exclusive opportunity to purchase Chicago Blackhawks tickets.

When you purchase a ticket to the Blackhawks vs. Anaheim Ducks game on Tuesday, October 23 at 7:30 p.m., you will also receive the following pregame experience at MB Ice Arena*:

Asked and Answered 

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

Q. I am the owner of a small estate planning firm in Kansas City, Mo. I have two associates and four staff members. I am considering acquiring a small solo practice in a nearby community. I have read some of your articles as well as your book on succession planning and valuation, and the multiple of gross revenue used to establish a goodwill value for a law firm. What are some of the factors that can impact whether the multiple is higher or lower – a firm’s potential value?

There are few things litigators and judges dread more than a protracted discovery dispute. Given the angst discovery misconduct provokes, siccing the Illinois Supreme Court Rules on a culprit is understandable. But a measured response may be more prudent. Penalizing bad behavior with a default judgment is rarely necessary, even as a response to perjury or defiance of court orders. 

In September’s Illinois Bar Journal, appellate litigator Christopher Keleher examines discovery sanctions available for plaintiffs and defendants under Illinois Supreme Court Rule 219(c). There are good reasons the courts use default judgments against defendants and dismissals with prejudice against plaintiffs sparingly.

If summer’s end has you feeling a little restless, consider expanding your personal and professional lives by joining a nonprofit board of directors. Illinois has over 35,000 registered charities, covering any cause you can think of – from providing job training for people with autism to promoting African dance as an agent for positive change. If you have a closely held belief or a passion for a particular purpose or mission, there is undoubtedly an Illinois nonprofit for you to support. Support comes in a multitude of ways, from financial contributions to volunteering to raising awareness. 

Join us Oct. 3 for an online seminar that teaches you the basic principles of the European Union’s General Data Protection Regulation (GDPR) and Illinois’ Biometric Information Privacy Act (BIPA), including what you should ask your client’s IT departments to ensure compliance from a technology perspective.

The Illinois Department of Financial and Professional Regulation (IDFPR) Division of Real Estate (DRE) recently published the “Rights and Responsibilities of Association Board Members” to explain the legal responsibilities of condominium and common interest community property boards. 

The publication includes general information regarding governance documents, board structure, elections, general powers, meetings, surplus and deficit, special assessments, financial disclosures, insurance, records, and disclosure.