Articles Tagged: Illinois

 

ComEd Bribery Retrial May Give Way to Plea Deals in Key Illinois Corruption Case

A major federal public-corruption prosecution in Chicago may be heading toward negotiated resolutions instead of a retrial. Lawyers for former Commonwealth Edison CEO Anne Pramaggiore and longtime lobbyist Michael McClain reportedly told the court they are discussing plea deals with prosecutors, a notable turn in one of Illinois’ most closely watched criminal cases tied to former House Speaker Michael Madigan.

The case has drawn sustained attention because it sits at the overlap of corporate influence, lobbying, and state political power.

Continue Reading

Illinois and California Push AI Rules Closer to the Practice of Law

State lawmakers and regulators are continuing to fill the AI-policy vacuum, and the latest moves in Illinois and California could have immediate consequences for how lawyers, law departments, and neutrals use generative AI in practice.

Illinois recently enacted a broad AI framework, adding to the growing patchwork of state-level rules that can affect businesses well beyond state borders.

Continue Reading

Illinois Bill Targets Investor Influence Over Law Firms

Illinois lawmakers are advancing a bill that would place new guardrails between law firms and outside capital providers, a notable development in the broader national debate over who can influence — and profit from — the delivery of legal services. The proposal is aimed at preserving attorney independence by creating ethical firewalls between firms and entities such as private equity investors, management service organizations, and other nonlawyer business partners.

At its core, the legislation responds to a growing concern: even where formal ownership rules prohibit nonlawyers from owning law firms, financial arrangements can still give outside investors significant leverage over operations, staffing, compensation, and strategic decisions.

Continue Reading

Illinois Bills Put Private Equity and Law Firm Business Models Under the Microscope

Illinois lawmakers are drawing national attention with proposed House and Senate bills that would tighten restrictions on how law firms interact with alternative business structure and management-service organization models. While the measures have not been enacted, they stand out because they go directly to some of the most contested questions in the legal industry: who can own, manage, and profit from legal services.

At a high level, the proposals would reinforce longstanding limits on nonlawyer involvement in the practice of law, including concerns about fee-sharing, ownership, and operational control.

Continue Reading