Jul 17, 2014

Chuhak & Tecson elevates Burke to shareholder, Ellsworth and Losquadro to principals


Edmond Burke                             William Ellsworth                          Amanda Losquadro

Chuhak & Tecson, P.C., is pleased to announce the elevation of three attorneys who consistently excel in their service to clients and their commitment to the firm. Principal Edmond Burke has achieved the level of shareholder; William Ellsworth and Amanda Losquadro have been elevated from associates to principals.

Burke and Losquadro are banking attorneys, while Ellsworth practices in estate planning and asset protection.

Josh Hyman, shareholder and leader of the firm’s banking group, said Chuhak & Tecson puts a premium on mentoring young attorneys in business development skills that are typically not covered in law school. Even with the firm’s support, however, the success these attorneys have attained is well-deserved and hard-earned, he said.

“I am delighted by the elevations of Ed, Amanda and Bill,” Hyman said. “All three have demonstrated excellence in their legal work and servicing of clients. They have a knack for generating business and have worked hard to ascend in the eyes of their own clients, as well as the rest of the firm.”

Ed Burke started at Chuhak & Tecson as an associate and was elevated to principal in 2007. His work in the banking group is focused primarily on troubled loan portfolios.

Well-versed in the intricacies of bankruptcy law and the Uniform Commercial Code, Burke counsels lenders of all sizes on workouts, reorganizations, liquidations and foreclosures and spends much of his time in the courtroom. One of the most important parts of his business is sitting down with clients to evaluate all of the options available to them.

“Not every bankruptcy or loan workout has the same kind of strategy, so it’s important to look at each situation with a fresh set of eyes,” he said.

“If litigation is necessary, I appreciate the craftsmanship that goes with drafting a good pleading and the opportunity to appear in court,” Burke said. “If it makes sense to pursue a settlement, I value the negotiating component. It’s all about getting the client the result they need in the most efficient manner.”

Burke considers himself fortunate to work with clients he cares about and colleagues he enjoys being around.

Selected for recognition by the Leading Lawyer Network in 2013, Burke has been named a Rising Star by Super Lawyers magazine annually from 2010 to 2014.

Bill Ellsworth appreciates the fact that his everyday work as an estate planner is tied to the history of the firm.

“Chuhak & Tecson was founded by estate planners,” he said, “and it’s nice to carry on that tradition to the next generation. There’s much to learn from the legacy of the attorneys who started the firm.”

Ellsworth works closely with clients to discuss their specific circumstances and determine how best to tailor an estate plan to meet their individual needs.

“A good estate planning attorney has to understand the client’s ultimate goal before beginning the work,” he said. “They have to be accessible, they have to solve problems and they really have to understand family dynamics.”

Clients rely on him for sound advice regarding all aspects of their business and personal finances, including cash flow management, investments, risk management and tax and retirement planning.

With a passion for helping families, individuals and business owners meet all their financial goals, Ellsworth recently added Certified Financial Planner™ to his credentials to better provide legal services that dovetail with his clients’ fiscal objectives.

Estate planning is still at the heart of his work, however, and it’s never a zero-sum game, he said.

“There are always different ways to get to the same place,” Ellsworth said. “No person is exactly the same; no family is exactly the same. The tax and estate laws are constantly changing, so it’s also a different task every day and a different problem to solve. But that’s what’s so great about this job.”

Amanda Losquadro is a banking attorney focused on workouts, commercial foreclosures and other outcomes of insolvency. Representing secured and unsecured lenders of all sizes, she also litigates claims involving breach of contract, replevin and other banking or creditor’s rights issues.

“I feel incredibly fortunate to have had the opportunities and mentoring that Chuhak & Tecson has afforded me,” she said. Previous to her career in law, Losquadro worked as an account supervisor for a pharmaceutical advertising agency, giving her a strong sensibility for quality client service.

She enjoys collaborating with clients to solve their legal problems with maximum effect as well as efficiency. Losquadro also works hard to manage clients’ expectations.

“I put myself in their position,” she said. “What would I want out of my attorney if I were in their shoes? I would need to know that the attorney is on my team, so for me, that means I want to make sure my client and I are on the same page with the details. I communicate as frequently as possible and make sure they understand the legal process involved with their case, what the timetable will probably look like and, initially, the possible strategies. 

“It’s important to do more listening than talking,” Losquadro said, “and then analyze the information from all sides to see if there are alternative resolutions. It’s also a good day when you can anticipate potential issues that might arise and come to the client with solutions to problems they don’t even know they have.”

All three attorneys are graduates of DePaul University College of Law.