ISBA Statehouse Review for the week of July 25

Posted on July 25, 2013 by Chris Bonjean

ISBA Director of Legislative Affairs Jim Covington reviews legislation in Springfield of interest to ISBA members. In this episode he covers Fraudulent real estate documents (Public Act 98-99), Income withholding notice (Public Act 99-81) and Complete rewrite of the Illinois Marriage and Dissolution of Marriage Act (House Bill 1452). More information on each bill is available below the video.

Fraudulent real estate documents. Public Act 98-99 (Lang, D-Chicago; Silverstein, D-Chicago) allows a recorder of deeds to establish and use a “Fraud Referral and Review Process” for deeds and instruments that the recorder reasonably believes are fraudulent, unlawfully altered, or intended to unlawfully cloud or transfer the title of any real property. If the recorder reasonably believes the document is fraudulent, the recorder may refer the instrument to a county administrative law judge for review. If the ALJ finds by clear and convincing evidence that the document is fraudulent, the ALJ must issue a judgment to that effect with a notation that the fraudulent document may not affect the chain of title of the property in any way. Effective July 19, 2013.

Income withholding notice. Public Act 99-81 (McGuire, D-Joliet; Mell; D-Chicago) deletes the current requirement that these notices must contain the date that withholding for current support terminates. Effective July 15, 2013.

What do the Supreme Court same-sex marriage decisions mean for Illinois?

Posted on July 25, 2013 by Mark S. Mathewson

The U.S. Supreme Court's Windsor (DOMA) and Hollingsworth (Prop 8) cases made big national news, but what do they mean for a civil-union state like Illinois? That's the question Charles F. Newlin considers in the latest ISBA Trusts and Estates newsletter.

The short answer? '[N]either of these monumental decisions has any immediate, significant effect on Illinois residents," Newlin writes. But they're still worth taking into account, he advises estate planners. "In the future, civil unions may qualify for certain federal benefits depending upon how various agencies decide to apply the law to civil unions and domestic partnerships in light of Windsor," he writes. And it's "unclear how Windsor will affect gay couples who married in a state that permits same-sex marriage and have since moved to Illinois." Read his analysis.

Best Practice: Law firm succession strategy when owner wants to keeping working

Posted on July 24, 2013 by Chris Bonjean

Asked and Answered

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

Q. I am the founder and solo owner of a small firm in Memphis. Besides myself there is one non-equity partner and four associates. We handle the transactional and litigation work for small and large business concerns in the Memphis area. I am 60 now and would like to begin slowing down over the next five years, but I I don't want to retire completely. Over the past few years I have focused more on client development as opposed to serving clients and have turned over much of the client service work over to other attorneys in the firm. While I would like to receive some compensation from my sweat equity - I also do not want to place an unreasonable financial burden (large cash buy-in/buy-out) on others in the firm. Legacy of the firm is important as is a place to continue to work and contribute - so I really would like to transition the firm internally to deserving attorneys employed by the firm. What are your suggestions concerning how I might accomplish this?

A. I often ask attorneys - are you more a lawyer that wants to lawyer or a business person that enjoys and wants to focus on the business of law. It sounds like you, as you approach retirement, would like to spend more of your time "finding" rather than "minding" or "grinding". You might want to consider the following:

1. Get a feel for the value of your firm. If you have been taking home say $400,000 per year - using that as a starting point for your rough value figure if you were to sell your practice to outsiders. Would you be willing to discount to transition the members of your current team? If so, maybe that figure might be $200,000 - $300,000.

Learn how to build a better, more profitable practice at Solo & Small Firm Conference 2013

Posted on July 23, 2013 by Chris Bonjean

The 2013 ISBA Solo & Small Firm Conference will be held on Oct. 3-5 at the Westin Northwest Chicago in Itasca. Earn up to 16.5 hours of MCLE credit, including all 6 hours of required PMCLE credit.

 

Register by Sept. 6 at www.isba.org/soloconference to receive the Early Bird discount.

Learn how to BUILD A BETTER, MORE PROFITABLE PRACTICE.

 
The 3 most productive days of your year won't be spent in court, won't be stressful, and won't involve arguing with opposing counsel. The 3 most productive days of your year will be spent learning practical information from our team of experts that you can put to work immediately to build a more profitable and productive practice.

New ISBA secretary, treasurer elected

Posted on July 23, 2013 by Chris Bonjean

The Illinois State Bar Association's Board of Governors elected a new secretary and treasurer at its meeting Friday in Chicago.

James F. McCluskey (left) will serve as secretary. McCluskey is a founding member of Momkus McCluskey, LLC in Lisle. He is in his fifth year on the Board. He has served as Chair of the ISBA Assembly Agenda & Program Committee and is a past member of the ISBA Civil Practice & Procedure Council.

Judge Celia G. Gamrath (right) of Chicago was named treasurer. She is serving her second stint on the Board after being the Under 37 representative for Cook County from 2005-2008. She was a partner at Schiller, DuCanto and Fleck before becoming a judge in the Circuit Court of Cook County, Domestic Relations Division. She has served on the Assembly and was a member of the ISBA Young Lawyers Division from 1998-2006.

The Board welcomed new members Bridget Duignan, Al Durkin, Gamrath and Kenya Jenkins-Wright of Chicago, Carey Gill of Carbondale, Hon. Elizabeth Rochford of Lake Forest, David Sosin of Orland Park and Angel Wawrzynek of Mattoon.

IBF to honor Manny Sanchez at Gala 2013

Posted on July 18, 2013 by Chris Bonjean

Manny SanchezThe Illinois Bar Foundation will honor Manny Sanchez of Sanchez Daniels & Hoffman, LLP with the Distinguished Award for Excellence at Gala 2013 on Oct. 18. The Gala will take place at 6:30 p.m. at the Four Seasons Hotel in Chicago. This year’s leadership includes Robert A. Clifford of Clifford Law Offices and William A. Von Hoene Jr. of Exelon Corporation as Gala Chairs, as well as the Hon. Russell W. Hartigan, Circuit Court of Cook County and Shawn S. Kasserman, of Tomasik Kotin Kasserman as Board Gala Chairs.

The night includes cocktails, live and silent auctions, a raffle, dinner and dancing. To become a sponsor or purchase tickets, please call the IBF at 312.726.6072.

A special thank you to our generous sponsors and table purchasers:

Gala Partner
Jerome Mirza Foundation

Wine Sponsor
ISBA Mutual Insurance Company

Valet Sponsor
Hassakis & Hassakis, P.C.

Violin Trio Sponsor
Hon. Russell W. Hartigan

Coat Check Sponsor
Hon. Debra B. Walker

Patron Table Sponsors:
Chris Mullen
Tabet DiVito & Rothstein

For more information, visit the IBF website at www.illinoisbarfoundation.org.