Please help me with real estate dev practice Forum

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
Anonymous User
Posts: 415732
Joined: Tue Aug 11, 2009 9:32 am

Please help me with real estate dev practice

Post by Anonymous User » Mon Aug 19, 2019 6:26 am

I have some corporate knowledge (*basic* finance, strategy, corporate matters) but I sucked at corporate tax in law school. I did fine with other corporate classes like m&a, debt and equity financing etc. in law school. I studied literature in college but worked in business for a few years prior to law school.

This practice group that gave me an offer is real estate dev whose work includes asset sales and acquisition including deal structuring. I am not sure if I can do this especially because I almost failed corporate tax and I found many attorneys with BS degree in real estate dev.

Best

New
Posts: 72
Joined: Mon Aug 19, 2019 9:56 am

Re: Please help me with real estate dev practice

Post by Best » Mon Aug 19, 2019 10:00 am

You shouldn't need to know a lot about tax for this. Just know what a 1031 exchange and carried interest is (as in, know what the concepts are so when a deal includes them, you won't be clueless).

If you're doing PSA's, you'll just be adding a provision about 1031 exchanges or whether there will be probated ad valorem taxes.

I think you can do this.

Anonymous User
Posts: 415732
Joined: Tue Aug 11, 2009 9:32 am

Re: Please help me with real estate dev practice

Post by Anonymous User » Mon Aug 19, 2019 11:09 am

Best wrote: .
Thanks so much. This is a small firm doing real eatate trans/lit, corporate matters, labor law and estate planning in a very small market, but their clients for real estate deals are from motels to 4-5 star resort hotels. Would it be plausible to lateral into V100 firm after a couple of years? I was told that IP trans or corporate trans are easier to lateral into larger firms, was wondering if real estate dev/trans would be too

Best

New
Posts: 72
Joined: Mon Aug 19, 2019 9:56 am

Re: Please help me with real estate dev practice

Post by Best » Mon Aug 19, 2019 11:38 am

Plausible, probably not - especially V100. Possible, yes.

I personally made a similar transition but know that I got lucky.

If that's truly what you want, find a niche in real estate - 1031 exchanges, condominiums, etc.

Want to continue reading?

Register now to search topics and post comments!

Absolutely FREE!


Post Reply Post Anonymous Reply  

Return to “Legal Employment”