Best Practice Tips: Institutionalizing Your Law Practice
Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. I am the sole owner of a six-attorney estate planning practice in Phoenix, Arizona. The five associates have been with me from five to fifteen years. I just turned 55 and would like to retire when I am 65, either by selling my practice to another firm or to one or more of my associates. I would like to receive some remuneration for the sweat equity that I have invested (goodwill). I have tried over the years to set up my practice in a way that it is not “just me.” I changed the name of my firm to a trade name that does not include my name, arranged the lawyers’ names on our letterhead and website alphabetically, and eliminated designations such as principal and associate. I believe that I have made it difficult for clients and prospective clients to know who the boss is. I hope that this will make my firm more salable and appealing in the future. I would appreciate your comments.
ISBA hosted a two-day CLE program designed to help attorneys who represent children from September 7-8 at the Chicago Regional Office. Back by popular demand, the Guardian ad Litem, Child Representative, and Attorney for Minor Child Training covered the role, scope and limitations of representation; the conflicts that will limit the role of the appointment; child development issues, including mental health, milestones, attachment, and parental separation; and much more. The program wound down on Friday evening with a networking reception for attendees to network and mingle. 

Don’t miss this full-day seminar in Chicago or via the Internet on October 5, 2017 that explores the new changes to the bankruptcy rules, as well as the advanced issues you need to know when handling your next bankruptcy case. Attorneys with intermediate practice experience who attend this seminar will better understand: the new Chapter 13 Plan; how to present evidence in bankruptcy cases; dischargeability issues; Motions to Dismiss under Section 707(b)(3) and objections under Section 727; recent student loan case law and legislative updates; and much more.
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 2017, there were a total of 1,232 calls. ISBA helped people in need of legal services find lawyers in the 36 areas of law.
It is well known that law is a stressful career path. What isn't as well known is that a significant number of attorneys suffer from addiction and other mental health issues.