Ten Things to Consider in Co-Working Agreements

September 24, 2018; updated June 22, 2020 Co-working arrangements in lieu of typical office leases have been on the rise over the past five years. When we think of these arrangements, we typically think of startup companies, millennial workers, and open floor plans. However, many established companies now supplement their traditional office space with space…

MPS Law Offices Reopening Monday June 15

On Monday, June 15, the offices of Meltzer, Purtill & Stelle LLC will reopen for business. We will be fully staffed and ready to serve you at both our downtown Chicago and Schaumburg locations. To help ensure the health and safety of all, we have instituted the following guidelines and ask all visitors to comply…

A Message To Our Clients Concerning Coronavirus

Like everyone else, MPS Law is feeling the effects of the evolving coronavirus crisis. At this point, we’re focused on doing what needs to be done to keep our families healthy and safe, and urge you to do the same. We’re also taking steps to ensure continued delivery of our services with as little disruption…

MPS Law Welcomes John Lipic as Partner

John J. Lipic, a highly respected Chicago attorney with more than 17 years of experience in commercial real estate and finance law, has joined Meltzer, Purtill & Stelle LLC (MPS Law) as a partner. Lipic focuses his practice on commercial real estate and related areas, including finance, private equity, investment, leasing and asset management. He…

MPS Law Announces Two New Partners

MPS Law, a widely respected Chicago area business-to-business law firm, has announced the promotion of two partners: Raymond J. Horn III as capital partner, and Monica J. Paine as income partner. The announcement reaffirms the firm’s commitment to two of its top performers in their respective areas, Horn in mergers and acquisitions and Paine in…

MPS Law Welcomes New Associate Kevin Flavin

MPS Law, a widely respected Chicago area business-to-business law firm, is pleased to welcome Kevin Flavin as a new Associate. Flavin will focus primarily on corporate law, including mergers and acquisitions, business formation, business separations, and corporate, industrial and asset-based lending matters. His expertise is bolstered by an extensive professional background in business and finance….

Reciprocal Easement Agreements in a Changing Landscape

As the retail centers and megamalls of yesterday evolve into the mixed-use developments of today, so too must the reciprocal easement agreements – REAs for short – that outline rights and responsibilities and keep the peace. Commercial real estate attorney Kathleen Boyle offers her insights on this all-important topic in this article reprint from the…

The Bark of the Covenant: Failure to Define and Negotiate Non-Compete Clauses and Other Restrictive Covenants Can Come Back to Bite You

Overview With baby-boomers aging, and with over 95 million millennials in the job market, the importance of Non-Compete Clauses and Restrictive Covenants in employment agreements is sharply in focus. Boomers are at the age where they may be stepping back, retiring, or selling their businesses, while millennials and techies are starting businesses or changing employers….

MPS Law Adds Attorneys Purtill, Guggenheim

MPS Law, a widely respected Chicago area business-to-business law firm, is pleased to welcome a pair of new attorneys to their downtown Chicago office. Kevin Purtill arrives as a partner specializing in commercial litigation, creditors’ rights and restructuring, banking and finance law. Max Guggenheim is an associate whose practice areas include commercial real estate, real…

MPS Law Announces Two New Partners

Chicago-area law firm Meltzer, Purtill & Stelle (MPS Law) is pleased to announce two new partners: Steven H. Goodman as capital partner, and J.L. Cherwin Jr. as income partner. The move will further strengthen the firm’s ability to provide high-quality commercial real estate legal services to financial institutions, real estate developers, and the corporate, industrial,…

Delaware District Court Overturns Bankruptcy Court Decision Disallowing Unsecured Claim for Post-Petition Contractual Attorneys’ Fees

It is a quirk of the Bankruptcy Code that while it expressly allows oversecured creditors’ claims for post-petition contractual attorneys’ fees, it is silent as to the treatment of claims for post-petition contractual attorneys’ fees on unsecured claims. In part because the Supreme Court in Travelers Casualty & Surety Co. of America v. Pacific Gas…

Recent Illinois Decision Appears To Eliminate Liability Of Independent Insurance Agents For Negligent Procurement Of Coverage

Interpreting and understanding the terms and conditions of insurance policies can be a daunting endeavor. Failure to do so, however, can be disastrous for the uninformed policyholder who goes to make a claim, only to find the coverage is inadequate—or that the carrier has issued a denial. MPS Law is committed to helping our clients…