Nicholas Duric has extensive trial experience in all aspects of business, banking, real estate and commercial litigation. Nicholas Duric has represented large and small business clients in complicated business disputes some involving tens of millions of dollars, including the defense of large scale commercial foreclosure litigation and issues relating to closely held businesses. He has successfully prosecuted or defended real estate foreclosure cases as well as different business litigation. He has participated in multi-jurisdictional litigation. Nick graduated from Loyola University of Chicago earning a B.B.A in Finance. Nicholas Duric was awarded the President’s Medallion as a top business student and received the Edwin Kerwin Finance Scholarship. He obtained his law degree from the Loyola University of Chicago where he received the Dean’s Merit Award and was a member of the Niagara Moot Court Team.
He is past Chairman of the United States Department of Education Fund for the Improvement and Reform of Schools and Teaching and past Vice President of the Maine Township District 207 School Board. Nicholas Duric has provided countless hours of pro bono service to individuals without the means to obtain legal services, including providing assistance to Have Dreams an organization dedicated to helping those with autism. Nick is a founding member of the St. Basil Serbian Orthodox Church of Mettawa, Illinois.
How did you get started?
After working in various parts in the legal field, large law firm, mid-size law firm and large financial institution, I decided to go out on my own. My father was a small business owner and prior to becoming an attorney, I worked with him. This influenced my decision to hang up my own shingle.
What inspired you to start this business?
Having obtained various experience in litigation (even trying cases in other states than Illinois) I thought starting my own law firm was the best way to assist those who were in need of legal representation.
How do you make money?
By providing legal services in the spheres of banking, commercial and transactional law.
How long did it take for you to become profitable?
Approximately one year.
When you were starting out, was there ever a time you doubted it would work? If so, how did you handle that?
Not at all. Always confident the business would be successful.
How did you get your first customer?
Referral by my father.
What is one marketing strategy (other than referrals) that you’re using that works really well to generate new business?
Strengthen existing client relationships on a daily basis by communicating with those clients.
What is the toughest decision you’ve had to make in the last few months?
Provide counsel to a client on how to proceed with the defense of commercial real estate foreclosure litigation. When someone owns real estate for a long period of time, and foreclosure is imminent, it can be challenging to provide counsel to clients.
What do you think it is that makes you successful?
I think the understanding of complex legal issues that has come about due to both personal and legal experience. The understanding of the personal side of an issue.
What has been your most satisfying moment in business?
Trying a large jury product liability case to assist a small business owner and his family recover for catastrophic damages.
What does the future hold for your business?
The future is bright. Having obtained experience in various legal issues in my thirty two years as an attorney, I am excited to bring that experience to issues existing today and tomorrow.
What are you most excited about?
The ever-evolving law and its application to the ever-evolving society we all live in.
What is your favorite slogan?
Well done is better than well said.
Chicago Cubs baseball.