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Philip Michael Fornaro

Commercial real estate Attorney at La Grange, IL

4.8   37 reviews

also known as Fornaro Law

  • Licensed for 28 years
    State IL
    Acquired 1995
    Status
    Active and Authorized to Practice Law No misconduct found

We have not found any instances of professional misconduct for this lawyer.

About Philip

Learn Philip’s areas of practice.

5
Practice areas
  1. Commercial real estate
    19%
    Commercial and industrial purchases and sales. Lease and contract drafting. 1031 Exchanges. Development deals, economic incentive, zoning, Tax increment financing. Representing both buyers and sellers.

    29 years

  2. Corporate and incorporation
    11%
    Corporate formation, LLC, asset protection, succession planning, small business, start up, entrepreneurs, stock & asset sale agreements, merger & acquisitions, employment law, Bitcoin, Altcoin, Blockchain, artificial intelligence, cryptocurrency.

    29 years

  3. Business
    10%
    At Fornaro Law, our start-up business attorneys offer a range of start-up business legal services to entrepreneurs, inventors, and business professionals throughout Illinois. We work closely with each new start-up from organization through each phase

    29 years

  4. Mergers and acquisitions
    10%
    Preparation of contracts, bulk sale, asset and stock transactions, earn out agreements, employment agreements.

    29 years

  5. Real estate
    10%
    Any aspect of real estate. Zoning, deeds, mortgages, promissory notes, liens, inspections, approval, leases, investment property.

    29 years

  6. Contracts and agreements
    9%
    Drafting of agreements & contracts for complex business purchases, residential, commercial real estate, employment & development agreements for contractors, articles of agreements for deeds & land contract, leases, trucking owner operator agreements.

    29 years

  7. Land use and zoning
    5%
    Zoning, map & text amendments, land use, variations, special use, tax increment financing, sales tax and development agreements, development notes, public and private sector clients, ordinance drafting, eminent domain, licensing, zoning litigation.

    29 years

  8. Limited liability company (LLC)
    5%
    LLC Formation, Series, asset protection, membership transfer, small business, start up, entrepreneurs, stock & asset sale agreements, merger & acquisitions, employment law, Bitcoin, Altcoin, Blockchain, artificial intelligence, crypto.

    23 years

  9. Litigation
    5%
    Federal & state litigation, administrative hearings, municipal, zoning, civil rights, commercial litigation, real estate & boundary disputes, landlord & tenant, foreclosure, construction, contractor litigation, & mechanics liens.

    29 years

  10. Residential real estate
    5%
    Our attorneys and staff regularly assist people seeking to buy or sell residential homes. Title insurance, Purchase agreements, Deeds, Easements

    29 years

  11. Venture capital
    5%
    Preparation of private placement memorandum, operating agreements, fund corporate structure, licensing agreements, confidentiality and non-compete agreements.

    8 years

  12. Banking
    2%
    Preparation and review of commercial loan documents, opinion letters, complex litigation, collections, workouts, foreclosures, reviewing and creating loan commitment letters, promissory notes, mortgages, and guarantees

    10 years

  13. Estate planning
    2%
    Revocable and irrevocable trusts, wills, probate, estate planning, beneficiary, heir and executor representation, small estate.

    17 years

  14. Bankruptcy and debt
    1%
    Chapter 11 bankruptcy and restructuring. IRS dispute issues and subordination of federal and state liens.

    15 years

  15. Power of attorney
    1%
    Preparation of durable powers of attorney for property and health care.

    17 years

Philip M. Fornaro is the managing attorney at Fornaro Law.  Adopting a “never give up” attitude, Philip has become known for his ability to succeed where others fail for the last 20 years.

His decision to diversify his practice in 2004 has resulted in the creation of a full service law firm which provides quality representation in a variety of legal areas.

Philip follows the rule that positive energy will yield positive results.  This energy is the driving force behind the success of Fornaro Law.

He has become adept at creating a network and team between clients, Fornaro Law and other professionals.  This team approach and expanding network has provided further benefits for the clients of Fornaro Law.

He also understands the need to give back to the community by taking roles as President of the La Grange Business Association, scholarship chair of the Rotary, Little League Baseball Manager and ardent supporter of the numerous local charities.

Philip graduated from Northwestern University and then received his law degree from the John Marshall Law School.

Fornaro Law is a next-generation law firm that is transforming the way our clients perceive and consume legal services. We leverage our collaborative approach, networking strength, technical savvy, and entrepreneurial spirit to create winning outcomes for our clients and business partners.

Not only do we surpass industry standards, we provide superior solutions.

Photos and videos

Location

Fornaro Law
1022 S. La Grange Road
La Grange, IL, 60525-2845
Fornaro Law
23 N. Lincoln Street
Unit 101
Hinsdale, IL, 60521
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Reviews

4.8 / 5.0
  37 customer reviews
5 Star
 
95%
4 Star
 
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1 Star
 
5%
Posted by Peter | March 1, 2022
This review is from a person who hired this attorney.
| Hired Attorney
collection of a return check
I want to give John Lara the highest thanks in representing my business on a return check I got back after my business cashed it. After several attempts in trying to collect on my own I contacted the Fornaro law office and was put in touch with John Lara. He accepted the challenge &collected the funds.Excellent work on his behalf.The law firm will now get all my business.
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Posted by Mary Ann | October 27, 2021
This review is from a person who hired this attorney.
| Hired Attorney
Review of John Lara - Probate
Probate is stressful and complicated. John Lara, with all his expertise, knowledge and understanding, guided me through the entire process from beginning to end. Some unique and complicated matters arose; but, with his broad understanding of the law, John was able to handle and resolve anything that came along. He is an excellent communicator and has a way of looking at all things in a positive light. It is a privilege to have John Lara as my attorney.
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Posted by Carol | August 30, 2021
This review is from a person who hired this attorney.
| Hired Attorney
Simply the Best
I contacted Fornaro Law regarding a family real estate matter and was directed to John Lara. John was understanding of the situation, responsive, knowledgeable, exercised excellent judgment, and was an all-around pleasure to work with. I highly recommend John Lara of Fornaro Law to anyone needing legal representation with a real estate transaction.
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Posted by Hung Kei | January 29, 2021
This review is from a person who hired this attorney.
| Hired Attorney
Definition of professionalism and client oriented
I started my relation with Fornaro Law in late 2016 with purchase of my condo. My immediate gut feel with Philip and Mary are their attentiveness to clients. They helped me navigate the purchase contract maximizing my protection at every stage. Communication was timely and clear all throughout the entire process to closing in 2021. I feel they are genuinely invested in each client's wellbeing no matter the size of the transaction. This has been their modus operandi throughout their growth to the current firm. My attorney for closing was Habib Wardack. He was extremely easy to work with and answered all of my concerns. The mortgage application was very challenging with one bank and necessitating changing bank at the very last moment. Habib then helped me secured pre closing possession with the most favorable terms. Closing was a breeze with him patiently guiding me through the mountain of paperwork. I had complete confidence in him which is what made the process nearly stress free. Again, the most important aspect of Fornaro Law is the people and the feeling they have not changed their philosophy despite tremendous growth. That is hard to find these days.
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Posted by anonymous | January 2, 2021
This review is from a person who hired this attorney.
| Hired Attorney
Home purchase
My experience with Allison Walsh and Mary Bryk was beyond phenomenal. They guided us throughout the entire lengthy process of buying a short sale. They are highly professional and very responsive to correspondence. I highly recommend Fornaro law to guide anyone in the process of buying a property.
Posted by Maricela | November 16, 2020
This review is from a person who hired this attorney.
| Hired Attorney
This is the law firm for you if you want QUALITY SERVICE!
Words fail me in explaining how wonderful this law firm is! I was having issues in a legal matter. They completely took care of me. Answered my questions, assisted with all of my concerns. The speed of their response to my queries was OUTSTANDING. I really can't say enough good things about this law firm. They really represented me in such an amazing manner and their rates are beyond reasonable!
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Posted by John | April 24, 2020
This review is from a person who hired this attorney.
| Hired Attorney
Another Great Experience with Fornaro Law!
Just closed my second home sale with Fornaro Law. Allison and John H. were professional and extraordinarily helpful in this, an unusual sale. In particular, John was diligent and maintained frequent communication to make sure I understood what was needed and when. I appreciated his direction and his good humor! I recommend Fornaro Law for any real estate needs!
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Posted by Gurrie | March 30, 2020
This review is from a person who hired this attorney.
| Hired Attorney
Business expertise
Fornaro Law has represented my business partnerships in some very difficult matters in both Cook and Will County. Phil Fornaro and Vince Mancini know the law very well, but they also know the latest in new technologies -- where business of the future is headed and how business decisions will be made. I have not hesitated to recommend them to other business professionals.
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Posted by Phil | February 1, 2020
This review is from a person who hired this attorney.
| Hired Attorney
Fornaro Law Real Estate Dept.
Allison Walsh and John Heneghan epitomize what clients are looking for in their real estate transactions; communicative, professional, and efficient – I have had Fornaro Law handle buy/sell side transactions and been impressed with the process and post-closing communication associated with each transactions – I highly recommend Fornaro Law –
Read less
Posted by Patrick | October 22, 2019
This review is from a person who hired this attorney.
| Hired Attorney
Innovative and Strategic
Working with Fornaro Law has helped my businesses progress in many area's thanks to the Firms culture of a never give up attitude. This has allowed my brands to continue to keep up with the never ending changes. Thank you again and I look forward to my continued relationship with Fornaro Law.
Posted by Mark | August 29, 2019
This review is from a person who hired this attorney.
| Hired Attorney
Very competent and professional law office!
My recent 1031 tax exchange deal was executed flawlessly thanks to Mr. Fornaro and his very capable staff. Highly recommend!!!
Posted by Kasia S | August 27, 2019
This review is from a person who hired this attorney.
| Hired Attorney
Efficient help in a difficult closing
John Heneghan was on top of our closing. Excellent work. Very professional and fast.
Posted by Kal | August 27, 2019
This review is from a person who hired this attorney.
| Hired Attorney
excellent firm
Very professional and helpful. Exceeded our expectations. The closing was smooth and we couldn't have done it without the help of Allison Walsh and John Heneghan.
Posted by Pradeep | August 27, 2019
This review is from a person who hired this attorney.
| Hired Attorney
Exceptional
I cannot thank Attorney Allison Walsh and paralegal John Heneghan enough for their help with our real estate transaction. It was complex, we didn’t have a realtor and I am out of state trying to sell property in Lagrange and they made it unbelievably seamless. They went above and beyond what was expected and would recommend them to anyone. I have had a good experience with other attorneys in the firm as well in the past. Their overall philosophy seems to be excellent service for the clients at a very, very reasonable cost.
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Posted by Brad | August 27, 2019
This review is from a person who hired this attorney.
| Hired Attorney
Client
John Heneghan did a great job getting our closing done. We are thankful for all his hard work.
Posted by anonymous | August 9, 2019
This review is from a person who hired this attorney.
| Hired Attorney
Thanks Fornaro Law!
We had a great experience using Fornaro Law for the recent sale of our rental property. Our attorney Allison Walsh was very clear and helpful through the process, and her paralegal John Heneghan kept us informed every step of the way.
Posted by Tom | June 3, 2019
This review is from a person who hired this attorney.
| Hired Attorney
Great Job!!!
The Fornaro Law team was great to work with; Phil, Allison and John all did a wonderful job in the sale of our home and the purchase of our new home. Highly recommend Phil and his team!
Posted by Ursula | April 11, 2019
This review is from a person who hired this attorney.
| Hired Attorney
Review for service provided by Allison Walsh and John Heneghan
During the recent sale of our rental property, Allison Walsh and John Heneghan provided outstanding service. They were professional, knowledgeable and accessible. They helped us navigate through the selling process from the time we signed the contract to closing. We highly recommend Fornaro Law and will definetly use them again should the need arise.
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Posted by Becky | March 18, 2019
This review is from a person who hired this attorney.
| Hired Attorney
Highly Recommend
It has been a pleasure working with John Lara and Fornaro Law for the past several months. John has been crucial in providing legal advice in great detail during an extremely stressful situation. His patience is much appreciated as he helped us navigate our options through to a resolution! We have a tremendous sense of relief and could not be more pleased with John's professionalism throughout the process! Thanks John! I highly recommend Fornaro Law and will definitely use them again should the need arise!
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Posted by anonymous | March 9, 2019
This review is from a person who hired this attorney.
| Hired Attorney
Excellent service and result!
Mark Scarlato helped solve my problem with my association. Service was excellent! I would definitely use the firm again.
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Cost

Rates
  • Free Consultation 30 minutes
  • Hourly Rates $ 225-400 per hour
  • Retainer Always
Payment methods
Cash, Check, Credit Card

Resume

AVVO RATING 7.3 (Very Good)

Work Experience

  • Managing Attorney
  • Fornaro Law
  • 2004 - Present

Education

  • John Marshall Law School, Chicago
  • JD - Juris Doctor
  • 1995
  • John Marshall Law School, Chicago
  • LL.M - Master of Laws
  • 1995
  • Northwestern University
  • BA - Bachelor of Arts
  • 1991

Sample of Legal Cases

  • Village of Broadview v Chicago Joes
  • Successful result on Appeal. Remanded to state court.

Associations

  • Western Springs Business Association
  • Member
  • 2019 - Present
  • Legacy Guild
  • Advisory Board
  • 2015 - Present
  • Hinsdale Chamber of Commerce
  • Member
  • 2015 - Present
  • La Grange Business Association
  • President
  • 2013 - Present
  • West Suburban Chamber of Commerce
  • 2013 - Present
  • Rotary Club of La Grange
  • Fundraising Chair
  • 2014 - 2015
View all associations

Languages Spoken

  • English
  • Italian

Honors and Awards

  • One of the Best Attorneys in the Western Suburbs
  • Suburban Life Newspaper
  • 2014

Publications

  • Illinois Department of Financial Regulation
  • Bitcoin
  • 2017

Speaking Engagements

  • Document Review, Analysis & Interpretation Using Artificial Intelligence
  • Document Review Using Artificial Intelligence
  • 2019
  • Revolution Chicago 2.0
  • Block Chain Roundtable
  • 2018
  • CEO Roundtable Chicago
  • How Business Gets Done: Why the Blockchain, Artificial Intelligence, and Technology are Changing Everything
  • 2018
View all speaking engagements

Attorney endorsements

Received (1)
Given (0)
Endorse Philip
Litigation Attorney | Feb 05
Relationship: Worked together on matter
"Phil Fornaro is a skilled and experienced litigation attorney. I have referred several litigation matters to him, with confidence. I have worked together on several cases with Phil and his associates, and I recommend him enthusiastically."
This attorney hasn't created any attorney endorsements recently on Avvo.
La Grange Commercial real estate Lawyer Philip Michael Fornaro
Philip Michael Fornaro
Commercial real estate Attorney
La Grange, IL
Licensed for 28 years
Free Consultation