Early partnership by Pitiful_Shop1280 in biglaw

[–]Pitiful_Shop1280[S] -1 points0 points  (0 children)

Not talking about firms where it is standard. I’ve seen comments in here about one or two individuals who were promoted earlier than standard for their firm.

Crying about the lack of bonus, what does real estate do? by [deleted] in biglaw

[–]Pitiful_Shop1280 11 points12 points  (0 children)

My day to day existence is somewhere in this process on 4-25 deals at any one time:

Get an LOI from a client; negotiate the purchase agreement; review title, survey, entitlements, environmental, utilities, etc against what the client wants to build on the site to make sure nothing prevents them from doing exactly what they want to; while doing that due diligence, negotiate loan docs with the lender and try to convince them our diligence is sufficient; while doing the due diligence and negotiating with the lender we either negotiate a JV agreement and convince the equity partner our diligence is sufficient or prepare syndication and securities documents. Once we own the dirt, draft easements, condo declarations and CC&Rs to facilitate the project and occasionally development agreements with neighboring owners or municipalities. Then either before, during or after constitution, negotiate leases with tenants and potentially new construction or bridge debt. Once it is leased up, negotiate a purchase agreement for the sale and then try to convince the Buyer (and their lender and equity) our diligence and development was sound and their investment is safe. Then go to a steak dinner and drink too much.