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Commercial Transaction Attorneys

I have recently come into an opportunity to start getting re dakotalaw01/03/19
I am in RE and litgate a lot of the deals and commercial lea nycatt01/03/19
I work in RE for a large municipality. I've done a few fair lilgub01/03/19
dakotalaw (Jan 3, 2019 - 7:57 am)

I have recently come into an opportunity to start getting referral work and mentorship from two very experienced commercial real property transaction attorneys. I have handled a couple residential transactions but my knowledge of commercial is limited. I do like the amount of money these guys make and the fact that they never go to court. I'm considering plopping down about 500 for some CLEs and then contacting these guys and accepting the extra work. Of note, both of these guys are nearing retirement age.

Any experience in this area in JDU? Advice?

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nycatt (Jan 3, 2019 - 10:03 am)

I am in RE and litgate a lot of the deals and commercial leases gone wrong and even do a few myself. Its great work if you have it. I litigate a lot of the transactions, and they can be written like crap (when I do the occasional transaction, I feel like am I pretty good because I have litigated every major clause) and it never seems like their mistake blow back on them. Crazy complicated deals are something else entirely (like a 100 story building with carious partnerhships and operating agreements) but you can definitely do commercial transaction of the garden variety with some CLEs and some smart older gentleman helping you. grab it.

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lilgub (Jan 3, 2019 - 1:18 pm)

I work in RE for a large municipality. I've done a few fairly complicated transactions and a lot of pretty simple ones. I never go to court, and I do miss it a little. The stress of court deadlines is replaced by client and transaction related deadlines, so YMMV. I do consult on lit tho and it helps to have previous been a litigator. I agree with nycatt that having litigated these transactions would definitely help, but my drafting skill has increased exponentially.

Rather than doing some CLEs, consider a nutshell book or similar to get a flavor for the verbiage, basic, issues, etc. I think it's better to learn by doing, but this will help you hit the ground running. If you need the credits, then have it at.

The work is more about relationships and having good clients. Good clients know how to give you the major issues and pressure points. I have one client in particular, who handles a lot of basic transactions and rarely knows, let alone understands, the issues and I find myself talking to the other counsel and/or broker to get the deal moving. They seem to know this guy is a moron too.

If you can handle a couple extra transactions with some help, even if a losing prospect overall, then I'd say it's worth it. What I lose in fun in the courtroom I've gained in dealmaking and I enjoy often being in a tense negotiation with a variety of parties trying to make a project work.

The end result is often something everyone wants whereas the courtroom doesn't always produce that even when you get the best result possible.

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