Remember Kathleen DeLaney and Courtney Thomas? Almost a year ago, this comely couple was named an ATL couple of the week. In the words of Laurie Lin, “Team DeLaney-Thomas, you’ve shaken LEWW out of our winter doldrums with your sterling credentials and sizzling good looks. Congratulations!”
Now ATL would like to congratulate the DeLaney-Thomases on something else: a fabulous new home. Once again, they make their appearance in the New York Times:
For three years, Kathleen DeLaney Thomas and her husband, Courtney Thomas, lived in a Chelsea rental of 900 square feet. “That apartment felt big when we moved in and small when we moved out,” Mrs. Thomas said….
The place had scarce closet space and an unnecessarily large second bedroom, carved from the living room, that made for a claustrophobic feel. Wedding gifts were stacked in the hall or stored at Mr. Thomas’s mother’s house in New Jersey.
ATL readers from Texas, this is your cue: “In Texas, you could live in a 5,000 square foot mansion for the same amount!”
The sluggish elevator drove the couple mad. If they were paying so much in rent — around $3,300 a month — they would rather get a return on their outlay. Once they saved enough for a down payment on a condominium, Mrs. Thomas said, “we were totally ready to go.”
And go they did — to Brooklyn, where all the cool kids live nowadays.
Read more about their fabulous new pad, after the jump.
No Gropius dorms for her, thank you very much. Harvard Law School student Cate Edwards, oldest daughter of prominent politician John Edwards, just purchased a million-dollar property in Washington’s tony Georgetown neighborhood.
Famous dad: Former presidential hopeful John Edwards.
Price: $1.3 million.
Amenities: Two bedrooms, five baths.
An NPR internship with Nina Totenberg doesn’t pay like a summer associate gig. Perhaps Cate was able to draw upon the fortune amassed by her father during his career as a top trial lawyer.
The property has two bedrooms and five bathrooms. A high bathroom-to-bedroom ratio is a token of a luxuriousness. But does Cate really need all those bathrooms? Does Papa Edwards — who might crash occasionally at Cate’s place, having sold his own mansion around the corner in 2006 (for $5.2 million) — really have that much ickiness to wash off?
The children of Senators Ted Kennedy and John Warner also snapped up some swank properties. Read about them over at Washingtonian.
If you’ll be interviewing at law firms this fall, make sure you double check the address of the place you’re headed to. Law firms are constantly on the move and trading spaces. From the New York Observer (which follows commercial real estate as obsessively as we follow law firm layoffs):
Entertainment law powerhouse Pryor Cashman, whose clients include Penthouse founder Bob Guccione and numerous American Idol contestants, is in negotiations for 100,000 square feet at 605 Third Avenue, the 44-story glass box of a building owned by Fisher Brothers….
[T]he firm right now occupies about 100,000 square feet of contiguous space in three buildings, which means three leases–all of which expire at the end of next year–and three landlords.
That sounds rather inefficient — and annoying. But there are other firms that occupy multiple buildings in the same city. E.g., Skadden and Mayer Brown, in D.C.
Pryor Cashman isn’t the only law firm in search of new digs. The Observer reports that Paul Weiss and Fitzpatrick Cella are also in search of over 100,000 square feet apiece. Favored American Idol Lawyers Negotiating Lease at 605 Third [New York Observer]
A struggling personal injury lawyer was disbarred last month, for splitting fees with non-lawyers, aiding the unauthorized practice of law, and other offenses. Sounds pretty unexciting, right?
But Keith Rubinstein is no ordinary PI lawyer; don’t cry for him, Argentina. Last year, he beat out Evita — i.e., Madonna, the Material Girl herself — in a bidding war for a $35 million townhouse on the Upper East Side. For more about Rubinstein, see this interesting article, by Anthony Lin in the New York Law Journal.
Rubinstein is used to swanky digs. He previously lived in a West Village townhouse that Will Smith rented for $60,000 a month during the filming of “Hitch.”
Speaking of lawyerly landlords, Charles T. Munger, a founder of Munger, Tolles & Olson, has been in the news lately for real estate reasons. Munger owns the building that houses the popular Dutton’s bookstore in Brentwood, Los Angeles. Dutton’s is closing its doors in April, in part due to rising rents.
But don’t blame the bookstore’s fate on Charlie Munger. From the Los Angeles Times:
The property [housing Dutton's] is owned by billionaire investor Charles T. Munger and his wife, Nancy. A founder of the Los Angeles law firm Munger, Tolles & Olson, he partnered in 1978 with Warren E. Buffett to run Berkshire Hathaway Inc., a holding company.
Munger was in Washington on Monday and could not be reached. He said in a statement that he would allow Dutton’s to use the space rent-free during the liquidation and that he would cover the $550,000 debt in exchange for the store’s closing. Dutton described the offer as “very gracious and generous.” As part of the deal, Munger said, Dutton would retain the Dutton’s trade name.
* A shout-out to the Elect on TV tonight. The lawyer protagonist of the new ABC drama, “Eli Stone” — portrayed by Jonny Lee Miller (pictured), an ex-husband of Angelina Jolie — is supposedly a former law clerk to Justice Ruth Bader Ginsburg. [New York Times]
* A novel approach to the legal job hunt: build your own website, then advertise it in the ABA Journal. If Loyola 2L doesn’t have a job lined up already — although rumor has it that he does, which may explain his “retirement” from blogging — here’s something for him to consider. [3L for Hire and ABA Journal, via WSJ Law Blog]
* More proof that New York Attorney General Andrew Cuomo is a wannabe Eliot Spitzer. [DealBreaker]
* Lawyerly lairs: Tunisia. [flickr]
Why do the gay lawyers land all the fabulous real estate? Just a few days after this installment of Lawyerly Lairs, profiling the palatial pads of two same-sex couples, we learn of a third such couple living large in New York.
A reader sums it up nicely: “This seems right up our alley for Lawyerly Lairs: Manhattan / East Hampton real estate, Yale Law alum (then Paul Weiss before going in-house), Ivy League pedigree on both sides of the same-sex partnership, and shout-outs by the New York Times.”
Indeed it is. Read about the charmed life of architect Michael Haverland and lawyer-turned novelist Philip Galanes, follow their successful adventures in NYC real estate (and furniture collecting), and ogle photos of their luxurious Upper East Side and East Hampton homes, in this NYT article. Starting Over, and Over, and Over [New York Times] Philip Galanes biography [galaneshaverland.com] Earlier: Lawyerly Lairs: Gay Gotham Edition
The law schools of Columbia and NYU have been battling over faculty superstars for several years. And now NYU is bringing out the heavy artillery: multimillion-dollar condo purchases. From the New York Times:
Columbia University, in a never-ending search for a larger campus, has long had an outpost for faculty housing at 455 Central Park West — 53 apartments in an 26-story tower attached to the French Renaissance chateau at West 106th Street.
So it was something of a surprise when a foundation associated with New York University bought a large condominium in the complex. The unit, which cost $5.2 million, is built into one of the huge turrets of the chateau…. The duplex apartment has a round living and dining room with 37-foot high ceilings and Central Park views, along with three more conventional bedrooms.
Sounds fabulous! Who gets to inhabit this fabulous pad?
One year ago, we wrote about how Columbia law professor Hans Smit was trying to unload his 12,000 square foot home — the only freestanding single-family mansion in Manhattan — for a cool $29 million.
One year later, the good professor’s home is still on the market. Its white-marble-clad facade greeted us when we visited the New York Times homepage this morning (screencap and link to listing below).
The only difference from last year? The asking price, now up to $30 million.
If at first you don’t succeed, try, try again. And up your asking price by a million!
(In all seriousness, Professor Smit’s decision to round up to $30 million probably isn’t as crazy as it might seem. Despite the weak real estate market in the rest of the country, the market in New York City — especially at the high end — continues to be strong.)
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.