how much of a premium for hiring DC area lawyer for LLC

[Anonymous]

My siblings and I are thinking of setting up an LLC. We have a draft, but really need a competent lawyer to look it over. It will be established according to Illinois laws, so I assume the best thing is to have an Ill. lawyer look it over. But my question is slightly different: some sibling would like me to have it reviewed, but I wonder if the lawyers in this area get a premium for, well, just being in this area. Other siblings live outside major metropolitan areas and one in a Florida city (not Palm Beach!). Anybody have a sense of whether I'm right about a premium for DC-area lawyers, and what that premium might be?

[Anonymous]

4.28735% to 4.28984%

[Anonymous]

Legalzoom.com is your friend. Can even do IL.

[Anonymous]

You want an IL licensed lawyer. I am a BIGLAW partner. My hourly rate is $750. See if you can find a contact who has a Chicago office and if they have an associate in corporate who can do it.

[Anonymous]

Anonymous wrote:You want an IL licensed lawyer. I am a BIGLAW partner. My hourly rate is $750. See if you can find a contact who has a Chicago office and if they have an associate in corporate who can do it.

BIGLAW in all caps?

[Anonymous]

Anonymous wrote:You want an IL licensed lawyer. I am a BIGLAW partner. My hourly rate is $750. See if you can find a contact who has a Chicago office and if they have an associate in corporate who can do it.

Why have an associate do it? Hire a small firm and have a skilled partner review it.

You don't need an Illinois lawyer do it. Just a competent lawyer.

[Anonymous]

You should have an IL lawyer review it.

You definitely do NOT need "BIGLAW" to do this. There's no premium per se for DC lawyers, but there will be a Biglaw premium anywhere you go.

I pay quality partners at non Biglaw firms $300-500 for what Blglaw will charge 50-100% more for.

[Anonymous]

I would get someone from Chicago in Biglaw to do it.

[Anonymous]

"I pay quality partners at non Biglaw firms $300-500 for what Blglaw will charge 50-100% more for."

I'm a lawyer and agree 100%.

And it doesn't make sense to have anyone other than an Illinois lawyer review it.

[Anonymous]

Anonymous wrote:"I pay quality partners at non Biglaw firms $300-500 for what Blglaw will charge 50-100% more for."

I'm a lawyer and agree 100%.

And it doesn't make sense to have anyone other than an Illinois lawyer review it.

+1 from a biglaw lawyer. You do not need a biglaw lawyer but you should get an Illinois lawyer.

[Anonymous]

So what's on the Illinois bar that makes an Illinois lawyer any better than a DC corporate lawyer? The majority of corporate work done in DC is for corps out of DC.

If the OP is local why make him or her deal with a firm in Illinois?

Not a challenge - just curious to hear what there is to the other view of why geography matters.

[Anonymous]

Anonymous wrote:So what's on the Illinois bar that makes an Illinois lawyer any better than a DC corporate lawyer? The majority of corporate work done in DC is for corps out of DC.

If the OP is local why make him or her deal with a firm in Illinois?

Not a challenge - just curious to hear what there is to the other view of why geography matters.

Np here. Everyone is recommending an IL lawyer because the LLC is created under Illinois law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You want an IL licensed lawyer. I am a BIGLAW partner. My hourly rate is $750. See if you can find a contact who has a Chicago office and if they have an associate in corporate who can do it.

BIGLAW in all caps?

Sorry but for some reason my autocorrect does it in all caps and I am too lazy to go back and undo it

[Anonymous]

Anonymous wrote:

Anonymous wrote:So what's on the Illinois bar that makes an Illinois lawyer any better than a DC corporate lawyer? The majority of corporate work done in DC is for corps out of DC.

If the OP is local why make him or her deal with a firm in Illinois?

Not a challenge - just curious to hear what there is to the other view of why geography matters.

Np here. Everyone is recommending an IL lawyer because the LLC is created under Illinois law.

BC something like an LLP is very state specific and any lawyer worth their hourly rate would insist on having an IL licensed and EXPERIENCED corporate lawyer work on the matter.

[Anonymous]

Anonymous wrote:So what's on the Illinois bar that makes an Illinois lawyer any better than a DC corporate lawyer? The majority of corporate work done in DC is for corps out of DC.

If the OP is local why make him or her deal with a firm in Illinois?

Not a challenge - just curious to hear what there is to the other view of why geography matters.

Most corporations are Delaware corps.

And LLC is a limited liability company.