Real Estate

Burges Salmon set to cut up to 31 jobs and freeze salaries

By Legal Week | August 24, 2009

Burges Salmon is set to launch its second redundancy consultation this year, with 31 jobs under threat. The firm announced today (24 August) that up to 27 support roles could go following a business services staffing review which began in March. In addition, the firm is also consulting on four fee earner roles in its property practice as a result of the ongoing market slowdown. Both redundancy consultations will formally commence next week.

1 minute read

Mishcons finalises redundancy consultation with 16 staff laid off

By Legal Week | August 11, 2009

Mishcon de Reya has completed its second redundancy consultation with 16 people losing their jobs. The consultation, which concluded in July, has seen eight support staff lose their jobs alongside eight fee earners in the firm's corporate and real estate groups. No salaried partners were affected by the redundancies.

1 minute read

Linklaters real estate partner quits Berlin office

By Legal Week | July 30, 2009

Linklaters is set to lose a partner in Germany as Berlin-based real estate partner Jens Bock quits to join a local firm. Bock is leaving the magic circle firm to join Clifford Chance (CC) spin-off Sammler Usinger, along with M&A counsel Thomas Rieger. The duo will both join Sammler as partners, with Bock making the move on 1 September and Rieger on 1 November.

1 minute read

Bevan Brittan boosts partner profits by 35% as revenue remains static

By Legal Week | July 16, 2009

Bevan Brittan has seen profits per equity partner (PEP) increase by 35%, the firm announced today (16 July). PEP for 2008-09 stood at £222,000 compared with £164,000 in 2007-08, with the increase coming against a marginal dip in turnover to £41.1m compared to £41.6m the previous year. Overall profits increased by 56% to £8.6m.

1 minute read

Career Clinic: Do big firms really care about staff development?

By Legal Week | July 16, 2009

"I'm six months qualified, but have more than the usual amount of experience in my chosen area of law. I gained paralegal experience in the public sector, trained at a small firm and then joined an international firm as an NQ. I thought things were going really well - I'd been praised by clients and the partners in my department and had made all my targets. I was even going to extra seminars, helping out with CSR and networking.

1 minute read

Linklaters tops global projects rankings but market plunges in first half of 2009

By Legal Week | July 16, 2009

Linklaters has edged ahead of magic circle rivals Allen & Overy (A&O) and Clifford Chance (CC) to top the global project finance rankings by market share for the first half of 2009. New research from Infrastructure Journal (IJ) shows that the firm leads the global rankings by value for the first six months of this year after scoring roles on 15 deals worth $7.623bn (£4.7bn). The tally gives the firm a market share of just over 5% - marginally ahead of CC.

1 minute read

Nabarro in second redundancy round as profits fall

By Legal Week | July 15, 2009

Nabarro has reported a 9.7% drop in revenue for the 2008-09 financial year while profits per equity partner (PEP) have fallen by 35%. Unaudited figures from the firm show that revenue for the last financial year stood at £126.5m, down from last year's equivalent figure of £140.1m. PEP fell to £375,000, down from last year's equivalent figure of £574,000.

1 minute read

GE appoints CC and Ashurst to Europe adviser roster

By Legal Week | July 2, 2009

General Electric (GE) has finalised its European non-M&A legal panel, with a clutch of UK firms winning roles, including Clifford Chance and Ashurst. DLA Piper, Weil Gotshal & Manges and Baker & McKenzie are also among the firms appointed to GE's 80-firm roster.

1 minute read

Lovells shakes up property team with sector focus

By Legal Week | July 2, 2009

Lovells has refocused its City real estate practice along sector and work-group lines in a bid to target more profitable instructions while the property markets continue to suffer. Lawyers within the group will now work across 13 different sub-groups, with partners taking responsibility for each area and leading initiatives to win new clients and work.

1 minute read

Addleshaws targets four key sectors for growth in five-year strategy plan

By Legal Week | July 2, 2009

Addleshaw Goddard is to align its business around four key sector groups as part of its new five-year strategy. The national firm has highlighted financial services, public sector, retail and consumer and real estate for growth, with the firm hoping the focus will help strengthen ties with existing clients as well as attracting new clients. The sectors will run alongside Addleshaws' existing four main practice divisions – real estate, contentious and commercial, and finance and projects and corporate.

1 minute read

The Legal Intelligencer

Court Examines Condo Conversion in Relation to Real Estate Ordinances

By Alan Nochumson and Alex Goldberg | September 5, 2022

In Charlestown Township v. CMI Hartman, 2022 Pa. Commw. Unpub. LEXIS 115 (Apr. 1, 2022), the Pennsylvania Commonwealth Court analyzed a municipalities' treatment of a condominium conversion with respect to state and local real estate ordinances.

9 minute read

New York Law Journal

Second Circuit Affirms Dismissal of RICO Suit With 'Parallel Case' Proceeding in Luxembourg

By Jane Wester | September 2, 2022

In a statement, Seth Cohen of Hogan Lovells, who argued the case, said the district and appellate rulings demonstrate that federal courts are monitoring attempts for forum shopping.

3 minute read

Daily Business Review

Fox Rothschild Repping Florida Developer in Lawsuit Against Property Owners Association

By ALM Staff | September 1, 2022

This lawsuit was surfaced on Law.com Radar. Read the complaint here.

1 minute read

Daily Business Review

FHA Refresher: Avoid Common Mistakes in Your Property Marketing

By Rachel Richardson | September 1, 2022

Closing the gap between leads and new leases comes down to the details. And Fair Housing Act (FHA) compliance is a major part of that. Offer a welcoming and nondiscriminatory environment for every renter to safeguard your property's marketing efforts today and continue attracting qualified renters in the future.

6 minute read

New York Law Journal

US Judge Says Retailer Breached Lease by Withholding Rent During COVID-19 Shutdown

By Jane Wester | August 31, 2022

While customers were not allowed to shop in person for some time, the court said "Free People never fully lost the 'use' of the leased premises," because the space was used to store merchandise and, eventually for curbside pickup.

3 minute read

Daily Business Review

Winston & Strawn, Baker McKenzie Sign Leases at 830 Brickell: 'We Are Committed to Miami'

By Melea VanOstrand | August 31, 2022

"The commitment of Winston & Strawn and Baker McKenzie to the building further solidifies 830 Brickell's position as the alchemist for the paradigm shift in the city's evolution and demand," the developers said.

3 minute read

Daily Business Review

As Fight Over South Florida Condo Termination Intensifies, Expect More Litigation as Developers Pursue New Buildings

By Melea VanOstrand | August 31, 2022

"A lot of condo associations seem to go unchecked. It's not to say that they do anything wrong, but the truth is, a lot of people aren't paying attention to what their condo board does. Especially in something like this particular building, where a lot of its members are part-time residents," said Jordan Isrow of Government Law Group. "You may not see something is happening to your building or not happening to your building until it's too late."

6 minute read

New York Law Journal

Issues in Apartment Buildings When There Is No Mending Wall

By Deborah Koplovitz and Andrew B. Freedland | August 31, 2022

It seems that a recent case has tacitly recognized that noise from other neighbors and their children in apartment buildings is not unexpected, and unless it is so unreasonable that it precludes a tenant from enjoying the intended function of the apartment, a warranty of habitability claim may not make the kind of good fence that some neighbors wish it would.

6 minute read

New York Law Journal

Realty Law Digest

By Scott Mollen | August 30, 2022

Scott Mollen discusses "133 E. 58th Street, LLC v. Honors New York Center for Bridge," where plaintiff's who operated a bridge club attempted to be excused from rent due to impossibility of performance but the court determined to club to be a 'non-essential retail establishment, and "Moody v. The Related Companies," where an FHA discrimination claim was dismissed against the developer of Hudson Yard's affordable rental units.

17 minute read

Daily Business Review

Miami Developer Buys Historic Brickell Avenue Estate

By Melea VanOstrand | August 29, 2022

Ytech has more than $3 billion in residential projects in the development pipeline in the Brickell area.

2 minute read