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   3Philip R. FrankfortRockford(815) 962-7071pfrankfort@hkrockford.compfrankfort@hkrockford.comHolmstromKennedyPCwww.hkrockford.comwww.hkrockford.comfrankfortphilipr.jpgAssociation & Non-Profit LawClosely & Privately Held Business LawHealth Law
Philip R.
800 N Church St
PO Box 589
Rockford IL 61105
Ph.(815) 962-7071 Fx.(815) 962-7181
Recommended by peers in:
Association & Non-Profit Law
Closely & Privately Held Business Law
Health Law
Advisory Board Member
County:  Winnebago
Practice Description:  
Philip R. Frankfort is the managing partner of Holmstrom & Kennedy, P.C. He has more than 30 years of experience representing closely held business entities and healthcare organizations, primarily involving business transactions, entity formation and operation, tax-exemption matters, and regulatory compliance. He has also maintained an active estate planning practice, primarily for the owners or executives of his entity clients and their families. His healthcare practice includes hospital and physician compliance with tax-exemption requirements and other federal statutes such as Anti-Kickback and Stark; hospital-physician transactions; practice sales and acquisitions; and joint venture formation and operation. In addition to tax-exempt healthcare entities, he has represented a variety of social service and religious organizations, as well as private foundations.

Bar Admissions:  
State of Illinois, 1974
U.S. District Court, Northern District of Illinois, 1977
State of Virginia, 1978
United States Court of Appeals for the Seventh Circuit, 1981
State of Arizona, 1994

Hourly Rate:  $300.00 - $325.00 per hour.

Retainer:  Varies.

Date of Birth:  1948

Law School:  University of Arizona College of Law, J.D., 1974
Law School Honors/Involvement:  With high distinction, Order of the Coif

Undergraduate School:  University of Arizona, B.S., 1970
Undergraduate School Honors/Involvement:  With distinction

Representative Clients:  
Hospitals, medical groups, tax-exempt organizations, closely held business entities.

Employment History:  
  • Holmstrom & Kennedy, P.C., partner, 1974-present

Bar/Professional Association Involvement:  
  • Winnebago County Bar Association
  • Winnebago County Bar Foundation
    • Former president
  • Illinois State Bar Association
  • American Bar Association
  • American Health Lawyers Association

Awards; Honors; Distinctions:
      • Martindale-Hubbell AV® Peer Review Rating
      • Illinois Super Lawyer®
      • Leading Lawyers Member selected by peers in Association & Non-Profit Law, Closely & Privately Held Business Law, and Health Law

Community Involvement:  
  • Institutional Review Board and Bioethics Committee of Swedish American Hospital
  • Norris and Margaret Aldeen Foundation
  • Second Congregational Church Foundation
  • MAPS of Illinois, NFP

Firm Description:  
Holmstrom & Kennedy, P.C., is an 17 lawyer general practice firm with roots extending back more than 100 years. Its large and diverse clientele includes small and medium size businesses, governmental entities, medical organizations, and individuals. Areas of practice include business and commercial transactions and litigation, financial services, mergers and acquisitions, health care, labor and employee relations, intellectual property, commercial and residential real estate, estate planning and probate, corporate bankruptcy and reorganization, creditor's rights, insurance defense (with an emphasis on professional malpractice defense), administrative law, trial and appellate practice in all courts, and alternative dispute resolution.

Map to Office:   Click here to view map

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