Illinois is known for its prosperous business climate for franchising. An important factor in its success is the Franchise Disclosure Act administered by the franchise bureau of the Attorney General’s Office.
The construction industry in Illinois is relatively robust. The expansion of the Chicago suburbs and residential development and regeneration have created high levels of activity.
Chicago enjoys a reputation for the robustness and professional excellence of its commercial litigation fraternity. Typically, the city’s mid- to large-sized firms have used commercial litigation practices as the bedrock of their operations, with healthy competition from numerous specialist boutiques.
Commercial arbitration is now established as a popular mechanism for dispute resolution in the United States. It is one of the first ports of call for a range of industries, and arbitration clauses are often written into contracts. This chapter identifies 25 practitioners in the state who are leaders in this field, without distinguishing between those who act as counsel or arbitrator, or those whose experience lies in domestic as opposed to international disputes. The list includes former judges and litigators, as well as lawyers that include commercial arbitration as part of their dispute resolution services.
White-collar crime has a strong historical link with the state of Illinois. Edwin Sutherland, who earned his doctorate and worked as a research professor at the University of Chicago, coined the term; and from its roots in criminology, whitecollar criminal defence has become a thriving legal practice area. The Federal Bureau of Investigation has noted that with significant growth in the securities and commodities markets comes a marked rise in intentional corporate fraud and misconduct. In an appearance before the Senate Judiciary Committee in June 2006 an official from the Department of Justice’s criminal division confirmed that despite statistical drops in the level of business crime prosecutions, white-collar crime remains a priority for the Department of Justice and owing to the numerous high-profile cases of recent years, the market for legal advice in this area shows no signs of slowing down. It is therefore a dynamic area in which to work in Illinois.
Our research has uncovered a wealth of competition expertise within Illinois – 26 individuals from 14 firms.
From its inception a little over 40 years ago, the private funds industry has proved to be dynamic, characterised by rapid evolution and increasing sophistication. Convergent investment products are being developed to maximise profitability and offset risk in even the toughest economic climates.
Even in times of relative economic prosperity, companies will often need to call upon the expertise of their outside counsel in restructuring matters, and in some cases in bankruptcy proceedings. The following pages point out 19 outstanding lawyers, all leaders in their particular field, whether they are representing creditors, debtors or other related parties.
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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.