Nikola Duric, Esq. is a litigation attorney specializing in all aspects of civil and commercial litigation. He is also experienced in real estate transactions and negotiations, real estate, title and banking law. He is former litigation counsel for Fidelity National Financial Corp. and the Chicago Title Insurance Company.
Nikola Duric graduated from Loyola University of Chicago earning a B.B.A in Finance. He was awarded the President’s Medallion as a top business student and received the Edwin Kerwin Finance Scholarship. Duric 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.
Among his recent successes, a Cook County judge recently granted a Motion to Dismiss for a breach of contract lawsuit filed against his client seeking $16,000,000.00 in damages. This was the second time the Court dismissed the Plaintiff’s lawsuit after Nikola Duric argued successfully to dismiss on two occasions.
Nikola Duric successfully defended a commercial foreclosure case of the Delaware Building (Historic Landmark). The Delaware building is a commercial office building in the heart of downtown Chicago. He negotiated a Deed in Lieu of Foreclosure for the property resulting in savings of millions of dollars for his clients.
Nikola Duric is defending another commercial foreclosure case in a similar situation involving four office buildings in Hoffman Estates, IL and South Barrington, IL. The loans aggregate approximately $31,000,000.00.
Nikola Duric was also recently successful in defending against a lender’s attempt to extinguish a commercial office lease for longtime tenants in a downtown Chicago office building.
How did you get started?
After working in several spheres in the legal arena including a large law firm, mid-size law firm and a large financial institution, I decided to open my own firm.
What inspired you to start this business?
Having obtained various experience in litigation (even trying cases outside of Illinois) I decided opening up my own law firm was the best way to help those who were in need of legal representation.
How do you make money?
By offering legal services mainly in the areas of banking, commercial and transactional law.
How long did it take for you to become profitable?
It took about one year.
When you were starting out, was there ever a time you doubted it would work? If so, how did you handle that?
I have worked in this field for many years and so I didn’t see why opening my own firm wouldn’t work.
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?
Constantly investing in existing client relationships on a weekly basis.
What is the toughest decision you’ve had to make in the last few months?
Provide counsel to a client regarding 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.
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.
What does the future hold for your business?
Having acquired vast experience in a variety of legal issues in my thirty two years as an attorney, I look forward to bringing my expertise to solve issues.
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?
The safety of the people shall be the highest law.
Tennis, golf, and reading.