| ||||||||||||||||||||||
| ||||||||||||||||||||||
| ||||||||||||||||||||||
| ||||||||||||||||||||||
| ||||||||||||||||||||||
1 | AN ACT concerning business.
| |||||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois,
| |||||||||||||||||||||
3 | represented in the General Assembly:
| |||||||||||||||||||||
4 | Section 5. The Consumer Fraud and Deceptive Business | |||||||||||||||||||||
5 | Practices Act is amended by adding Section 10e as follows: | |||||||||||||||||||||
6 | (815 ILCS 505/10e new) | |||||||||||||||||||||
7 | Sec. 10e. Attorney's fees. | |||||||||||||||||||||
8 | (a) The hourly rate of reasonable attorney's fees awarded | |||||||||||||||||||||
9 | under this Act shall be calculated as follows: | |||||||||||||||||||||
10 | (1) $475 an hour for very experienced litigators, i.e., | |||||||||||||||||||||
11 | lawyers in their 20th year or thereafter following | |||||||||||||||||||||
12 | graduation from law school; | |||||||||||||||||||||
13 | (2) $420 an hour for experienced litigators in their | |||||||||||||||||||||
14 | 11th through 19th years after law school graduation; | |||||||||||||||||||||
15 | (3) $335 an hour for experienced litigators in their | |||||||||||||||||||||
16 | 8th through 10th years after graduation from law school; | |||||||||||||||||||||
17 | (4) $275 an hour for senior associates, i.e., 4 to 7 | |||||||||||||||||||||
18 | years after graduation from law school; | |||||||||||||||||||||
19 | (5) $230 an hour for junior associates, i.e., 1 to 3 | |||||||||||||||||||||
20 | years after law school graduation; and | |||||||||||||||||||||
21 | (6) $135 an hour for paralegals and law clerks. | |||||||||||||||||||||
22 | (b) The hourly rates set forth in this Section shall be | |||||||||||||||||||||
23 | increased annually by adding the change in the cost of living |
| |||||||
| |||||||
1 | for the Chicago area to the applicable hourly rate for the | ||||||
2 | prior year, rounding to the nearest multiple of $5 (up if | ||||||
3 | within $3 of the next multiple of $5). The result shall be | ||||||
4 | subject to adjustment if appropriate to ensure that the | ||||||
5 | relationship between the higher rate and the lower rates | ||||||
6 | remains reasonably constant. Hourly rates shall be annually | ||||||
7 | increased as provided in this subsection (b) starting in | ||||||
8 | calendar year 2013. | ||||||
9 | For the purposes of this Section, "changes in the cost of | ||||||
10 | living for the Chicago area" means the change measured by the | ||||||
11 | Consumer Price Index For All Urban Consumers (CPI-U) for | ||||||
12 | Chicago-Joliet-Naperville, IL (Metropolitan division), as | ||||||
13 | announced by the Bureau of Labor Statistics in May of each | ||||||
14 | year. | ||||||
15 | (c) In determining the base level of the hourly rate | ||||||
16 | allowed under subsection (a), the level of an attorney's | ||||||
17 | experience shall be his or her experience on the date the work | ||||||
18 | for which compensation is sought is performed. | ||||||
19 | Section 10. The Uniform Deceptive Trade Practices Act is | ||||||
20 | amended by adding Section 3.5 as follows: | ||||||
21 | (815 ILCS 510/3.5 new) | ||||||
22 | Sec. 3.5. Attorney's fees. | ||||||
23 | (a) The hourly rate of reasonable attorney's fees awarded | ||||||
24 | under this Act shall be calculated as follows: |
| |||||||
| |||||||
1 | (1) $475 an hour for very experienced litigators, i.e., | ||||||
2 | lawyers in their 20th year or thereafter following | ||||||
3 | graduation from law school; | ||||||
4 | (2) $420 an hour for experienced litigators in their | ||||||
5 | 11th through 19th years after law school graduation; | ||||||
6 | (3) $335 an hour for experienced litigators in their | ||||||
7 | 8th through 10th years after graduation from law school; | ||||||
8 | (4) $275 an hour for senior associates, i.e., 4 to 7 | ||||||
9 | years after graduation from law school; | ||||||
10 | (5) $230 an hour for junior associates, i.e., 1 to 3 | ||||||
11 | years after law school graduation; and | ||||||
12 | (6) $135 an hour for paralegals and law clerks. | ||||||
13 | (b) The hourly rates set forth in this Section shall be | ||||||
14 | increased annually by adding the change in the cost of living | ||||||
15 | for the Chicago area to the applicable hourly rate for the | ||||||
16 | prior year, rounding to the nearest multiple of $5 (up if | ||||||
17 | within $3 of the next multiple of $5). The result shall be | ||||||
18 | subject to adjustment if appropriate to ensure that the | ||||||
19 | relationship between the higher rate and the lower rates | ||||||
20 | remains reasonably constant. Hourly rates shall be annually | ||||||
21 | increased as provided in this subsection (b) starting in | ||||||
22 | calendar year 2013. | ||||||
23 | For the purposes of this Section, "changes in the cost of | ||||||
24 | living for the Chicago area" means the change measured by the | ||||||
25 | Consumer Price Index For All Urban Consumers (CPI-U) for | ||||||
26 | Chicago-Joliet-Naperville, IL (Metropolitan division), as |
| |||||||
| |||||||
1 | announced by the Bureau of Labor Statistics in May of each | ||||||
2 | year. | ||||||
3 | (c) In determining the base level of the hourly rate | ||||||
4 | allowed under subsection (a), the level of an attorney's | ||||||
5 | experience shall be his or her experience on the date the work | ||||||
6 | for which compensation is sought is performed.
| ||||||
7 | Section 99. Effective date. This Act takes effect upon | ||||||
8 | becoming law.
|