Nicholas Duric has extensive trial experience in all aspects of business, banking, real estate and commercial litigation. Nicholas 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. Nicholas 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.
Nicholas Duric 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. He 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. Nicholas is a founding member of the St. Basil Serbian Orthodox Church of Mettawa, Illinois.
Where did the idea for Duric Law come from?
After working as litigation counsel to Clausen, Miller and Fagel, Haber I became General Corporate Counsel to United Savings of America. Based on the various experience I garnered from working in a large and mid-size law firm setting and then practicing in the creditors rights and banking area, I decided to go into private practice.
What does your typical day look like and how do you make it productive?
My typical day starts early, many times with participating in a court hearing on behalf of a client at 8;45 am – 9:00 am. Other days have court hearings and trials at various times. Additionally, I spend the requisite time at the office drafting briefs and pleadings, and also counseling clients in meetings and over the phone.
How do you bring ideas to life?
By not being hesitant. One of the most rewarding parts of my job is providing 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. It is when knowledge and experience are most valuable and the best results can be achieved.
What’s one trend that really excites you?
The utilization of the internet by various Courts to file legal documents and pleadings. It is not only a time saver, it also provides economic savings to my clients.
What is one habit of yours that makes you more productive as an entrepreneur?
Staying disciplined in my schedule and work ethic to provide the best possible representation to my clients.
What was the worst job you ever had and what did you learn from it?
I do not think I ever had a “worst” job as I always valued every job I had. I had a summer job working in a foundry before I started law school. It was a lot of tough physical work working in temperatures typically over 100 degrees. The experience provided me with an in depth look at the value of hard work and appreciation of all who do so.
If you were to start again, what would you do differently?
Not too much differently.
As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?
Do good work and communicate with your clients. Communication is really important.
What is one strategy that has helped you grow your business? Please explain how.
Networking to create new business relationships and strengthening existing business relationships. Communicating with existing clients make the business relationship stronger. I think demonstrating your dedication and caring for your client’s case goes a long way. I recently defended the owners of several office buildings in Cook County, Illinois. Guardian Life Insurance Company was foreclosing against them on a $31,000,000.00 loan. I was able to successfully negotiate a resolution of this $31,000,000.00 litigation resulting in the savings of $11,000,000.00 to my clients.
What is the best $100 you recently spent? What and why? (personal or professional)
Renewed my membership to Triple A Motor Club. Pays for itself the first time you have a flat tire or need roadside assistance. In driving to various court houses in various counties, this is an invaluable membership.
What software and web services do you use? What do you love about them?
I guess I would have to say Google. It is hard to imagine there was once a time when you needed to go to the library to look something up – now we have a library in our pocket.
What is the one book that you recommend our community should read and why?
The Rise of Theodore Roosevelt by Edmund Morris. I like to study American history and this Pulitzer Prize-winning book is one of the best biographies I have ever read. Roosevelt was a statesman, author, explorer, soldier, and naturalist, who served as Police Commissioner, Governor of New York, Vice President and President of the United States and Nobel Prize winner. That’s quite a resume, unequaled in American history.
What people have influenced your thinking and might be of interest to others?
My father and mother who came from war-torn World War II Europe and instilled in me the central values I utilize on a daily basis in my business. Theodore Roosevelt and his “Man in the Arena” speech have influenced me and I think would be of interest to others.
Connect with Nicholas Duric:
Twitter – https://twitter.com/nicholasduric
Crunchbase – https://www.crunchbase.com/person/nicholas-duric