Philip Michael Fornaro

Philip Michael Fornaro

also known as Fornaro Law

4.8
Rating: 7.3

Licensed for 30 years

Commercial real estate Lawyer at La Grange, IL
Practice Areas: Commercial, Corporate & Incorporation, Real Estate ... +12 more

1022 S. La Grange Road, La Grange, IL

About Philip

Biography

Practice Areas

15

Practice Areas

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.

31 years

19%
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.

31 years

11%
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

31 years

10%
Mergers and Acquisitions 10%

Preparation of contracts, bulk sale, asset and stock transactions, earn out agreements, employment agreements.

31 years

10%
Real Estate 10%

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

31 years

10%
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.

31 years

9%
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.

31 years

5%
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.

25 years

5%
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.

31 years

5%
Residential Real Estate 5%

Our attorneys and staff regularly assist people seeking to buy or sell residential homes. Title insurance, Purchase agreements, Deeds, Easements

31 years

5%
Venture Capital 5%

Preparation of private placement memorandum, operating agreements, fund corporate structure, licensing agreements, confidentiality and non-compete agreements.

10 years

5%
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

12 years

2%
Estate Planning 2%

Revocable and irrevocable trusts, wills, probate, estate planning, beneficiary, heir and executor representation, small estate.

19 years

2%
Bankruptcy and Debt 1%

Chapter 11 bankruptcy and restructuring. IRS dispute issues and subordination of federal and state liens.

17 years

1%
Power of Attorney 1%

Preparation of durable powers of attorney for property and health care.

19 years

1%

Fees and Rates

Cost

Free Consultation

$0 first 30 minutes

Hourly Rates

$ 225-400 per hour

Retainer

Always


Payment Methods

  • Cash
  • Check
  • Credit Card

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Licenses

Licensed in Illinois for 30 years

State: Illinois

Acquired: 1995

Active and Authorized to Practice Law

No misconduct found

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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Philip Michael Fornaro's Reviews

Avvo Review Score

4.8 /5.0

37 Client Reviews

Showing 31 - 35 of 37 reviews

Posted by Jason | May 16, 2017 | Hired Attorney | Business

What a pleasure!

I needed a new business attorney to handle some time-sensitive issues involving correcting and filing paperwork. After meeting with Phil Fornaro and his team, my issue was resolved almost immediately. Of course, I hired Fornaro Law for my additional corporate and business needs, including setting up ...an entity. I've also used Fornaro Law for commercial and residential transactions. The entire team is respectful, responsive, and knowledgeable.

Posted by anonymous | February 16, 2017 | Hired Attorney | Contracts & Agreements

Loyal, Honest and Hard Working

No business relationship is ever perfect but you will never have a doubt that Fornaro Law is looking out for your best interest at heart. The are extraordinarily detailed, always looking at each situation from a variety of perspective to ensure that they cover all the bases, and if they don't have th...e answer they will find it for your and refer you to someone who does. I've done several deals and types of deals (Leases, Acquisitions, Mulicipal Interactions, Personal, etc.) with Phil and his staff, they have always delivered. That's not to say we always see eye-to-eye, but in a good, solid business relationship that is actually a must and very helpful. I highly recommend Fornaro Law.

Posted by Anne | December 16, 2016 | Hired Attorney | Real Estate

Disappointed

Used firm for a closing and was extremely disappointed. I had real issues as my seller was being very difficult. They did not return calls nor answer emails promptly. It got so bad I seriously considered switching attorneys just before my closing. Due to time constraints, I stayed with them only... to be overcharged at closing. My advice - get their fee in writing... or better yet, just go with another firm.

Philip Fornaro

Replied last December 16, 2016

That I do not like to hear. We do and have done an extremely large amount of residential deals over the last 20 years and one of our strengths is quick and efficient communication. My staff and attorneys consistently are complemented on this by clients. That being said, not every business relationship is a perfect one. Considering your experience, I would really like to speak to you so I can see where there was a lack of communication. Please call me to discuss. Our firm is constantly reviewing on how we can get better and strive to make every client satisfied. As it relates to the fee, I would also like to see the fee charged and the extent of work performed. I did search our database and I am not finding a recent file with Anne as the purchaser. Again, I am always available to speak to you. To all of my clients and future clients, as the managing partner of the firm, if there is ever a situation or a problem regarding our services, please feel free to call me directly so that I can do my best to address your concerns.

Posted by Chris | December 23, 2014 | Business

Small town guy with a big city result

I met Phil Fornaro through a trusted contact of mine when I had instituted a search for new legal counsel and had asked for a recommendation. I've used Fornaro Law for both business and personal matters and the results are always the same; professional, attentive, productive and results oriented.... I have been impressed with Phil’s eagerness to expand his knowledge and his commitment to understanding the needs of his client and their circumstances. When we met Phil told me that his goal is to be a quality legal resource with small town values but offering big city services without the big city price. As far as I’m concerned he’s exceeded all of my expectations and far surpassed his goal.

Posted by anonymous | November 17, 2014 | Real Estate

Always a Pleasure

As a title and escrow service provider we work with a wide range of attorneys and law firms throughout the state of Illinois, Phil Fornaro and his complete team at Fornaro Law in LaGrange stands above the crowd. They consistently demonstrate exceptional knowledge and professionalism in the area of r...eal estate law. Their closings are always a pleasure to be a part of. -Ken K

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Philip Michael Fornaro's Lawyer Endorsements

Endorse Philip
David P Lloyd headshot
David Lloyd

Litigation lawyer | 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."

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Experience

Rating:  7.3 (Very Good)

Honors

2014

One of the Best Attorneys in the Western Suburbs, Suburban Life Newspaper

Work Experience

2004 - Present

Managing Attorney, Fornaro Law

Associations

2019 - Present

Western Springs Business Association

Member

2015 - Present

Legacy Guild

Advisory Board

2015 - Present

Hinsdale Chamber of Commerce

Member

2013 - Present

La Grange Business Association

President

2013 - Present

West Suburban Chamber of Commerce

2014 - 2015

Rotary Club of La Grange

Fundraising Chair

Sample of Legal Cases

Village of Broadview v Chicago Joes

Successful result on Appeal. Remanded to state court.

See More Legal Cases

Education

1995

John Marshall Law School, Chicago

JD - Juris Doctor

1995

John Marshall Law School, Chicago

LL.M - Master of Laws

1991

Northwestern University

BA - Bachelor of Arts

Speaking Engagements

2019

Document Review, Analysis & Interpretation Using Artificial Intelligence

Document Review Using Artificial Intelligence

2018

The Future of Technology in Business Technology and the Effect on Business and the Law

2018

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

Blockchain, Bitcoin...The Future is here Blockchain and Bitcoin

2018

Bitcoin for Beginners Blockchain and Bitcoin

2015

Publications

2017

Illinois Department of Financial Regulation Bitcoin

Languages

English

Italian

Activity

Avvo Rating

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