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| 1 | AN ACT concerning business.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 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 | |||||||||||||||||||||
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| 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: | ||||||
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| 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 | ||||||
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| 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.
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| 7 | Section 99. Effective date. This Act takes effect upon | ||||||
| 8 | becoming law.
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