720 Park Avenue New York.jpegHere’s an addendum to our earlier coverage of the lavish, multimillion dollar residence(s) of John Beerbower, a litigation partner at Cravath, Swaine & Moore. John and Cynthia Beerbower lived in a $20 million apartment in 720 Park Avenue (at right), then “downsized” to a $5.1 million pad.
From David Hoffman, a former Cravath associate, over at Concurring Opinions:

David Lat offers this post about a Cravath partner’s recent real estate sale. David makes some hay about a supposed tax break that made the sale even more profitable.

John Beerbower, the partner in question, was the lead attorney at Cravath on a recently resolved pro bono suit on behalf of the City of New York that resulted in a tax refund of $280,000,000 for New York’s police, firefighters, and sanitation workers injured in the line of duty. The refund resulting from the suit was the second largest in NYC history.

Excellent. It’s nice to know that Mr. Beerbower — whom Dave Hoffman describes as “a terrific lawyer and a wonderful person” — favors tax relief not just for Park Avenue tycoons, but for the “little people,” too.
Professor Hoffman confirms our speculation that the Beerbowers hosted lavish Cravath summer associate affairs in their former apartment at 720 Park Avenue. He also provides additional information about its interior, available in the full post .
We thank Professor Hoffman for so menschily supplementing our prior write-up.
David Lat Misses a Trick [Concurring Opinions]
Earlier: Lawyerly Lairs: Tax Breaks for Cravath Partners?


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