finance company chicago illinois trading options contracts founded davis chief executive officer hiring graduate student research director wales served position company davis subject litigation resulting decision successfully sued company davis winning judgement defendants davis tried shield assets transferring funds law firm assisted buying home florida representation davis paid maintained owed money circuit courts agreed reversed found filed case favoring law firm position decision time concept advance payment recognized state court codified ruling regulation affecting legal practice illinois history options trading finance company incorporated chicago illinois trading options contracts founded graduate university_of_chicago received bachelor degree school company originally offices chicago philadelphia pennsylvania chief executive officer company established successful reputation chicago davis hired economics graduate student analyze company model strategy wales left graduate program join company research director serving capacity adept determining future movements foreign interest rates davis wales aggressive financial trading davis joined wales form internet company wales decided form non profit organization manage website davis shell wales formed initial member located street chicago inc company subject decision lawsuit argued owed defendants obtained court ruled favor law firm stating owed firm took precedence inc ruled attorneys acceptable arrangements clients original case defendants won judgement defendants court entered judgement davis tried shield assets attorney client relationship law firm assist buying home florida arrangement davis transferred funds trust account controlled time stated contract law firm allocated funds funds pay day day company expenses attorneys learned asked court order return circuit court ruled favor appeal decision upheld reversed circuit court decision ruling property filed case favoring law firm position case dealt concept advance payment fee given attorney later services client advance payment attorney assets soon paid regardless subsequent events common types defined court included classic known true security classic described court attorney client relationship set length time particular purpose security referred deposit kept trust account attorney distinct assets case recognition advance payment illinois case defining illinois observed starting point discussion getting paid work private practice law fees inc supreme court identified types lawyer fees state referred legal descriptions fee classifications july codified definitions set forth case rule applicable practice law state known rule came practice january noted rule reflects recent supreme court decision inc describes detail called advance payment recognized
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