Biglaw, Fabulosity, Lawyerly Lairs, Litigators, Partner Issues, Real Estate

Lawyerly Lairs: A Powerful Paul Weiss Partner's Penthouse -- On Sale For $15 Million

Which legendary lawyer once called this mansion in the sky his home?

onJuly 3, 2014 at 3:34 PMJuly 7, 2014 at 11:04 PM

River House has two 15-story wings and a 26-story central tower. The Liman penthouse sits atop one of the 15-story wings. It spans the fourteenth and fifteen floors, plus the roof:

Most of the apartment is on the fourteenth floor. The layout’s a bit quirky, but at least it has character, and very little space gets wasted on hallways.

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From Pilot and Above The Law

Will the next owner of this apartment be a lawyer like Liman? Sadly, it seems unlikely. Not many lawyers, even partners at top firms like Paul, Weiss, can afford to drop $15 million on a home.

A partner at a rival firm who also lives at River House recently hosted a gathering for summer associates at his enormous, floor-through apartment. One summer associate marveled to another about the space, wondering if this is the kind of lifestyle that a Biglaw partnership can buy. The other summer, more knowledgeable about the partner’s finances, disabused his friend of that notion: “This isn’t partner money. This is family money.”

Welcome to the New York real estate market in 2014 — where partners are paupers, and you need more than a few million a year to afford the truly top-shelf offerings.

What could be more American than real-estate envy? Happy Fourth of July!