Best Practice: Should law firm owners and partners primary focus be as a business person or lawyer?
Asked and Answered
By John W. Olmstead, MBA, Ph.D, CMC
Q. I am an attorney in Chicago. I am the sole owner of an estate planning practice consisting of 4 other attorneys, 4 paralegals, and 2 administrative support staff members. We have reached a size where I am having problems handling and balancing the demands of serving my clients and managing my firm. It seems I am working day and night and have no time for anything but work. I am frustrated and it is driving my crazy? I would appreciate any thoughts that you may have.
The Illinois Bar Foundation will honor Rudolf G. Schade, Jr. of Cassiday Schade LLP at Gala 2012 on Oct. 19. The Gala will take place at 6:30 p.m. at the Four Seasons Hotel in Chicago. This year’s leadership includes John B. Simon of Jenner & Block and Todd A. Smith of Power, Rogers & Smith as Gala Chairs, as well as Perry J. Browder, of Simmons Firm and Peter J. Flowers of Foote, Meyers, Mielke & Flowers as Board Gala Chairs.
Illinois State Bar Association President John E. Thies debated the merits of an ethics proposal that would allow nonlawyers to be owners of and share fees of law firms before the American Bar Association's Young Lawyers Division Assembly on Friday afternoon in Chicago. The ISBA Board of Governors passed a resolution in support of retaining a previously-adopted ABA policy that disallows such arrangements.