Back in 2006, Professor Smit put his mansion on the market for $29 million. In 2007, he raised the price to $30 million. In 2008 — before the collapse of Lehman and the financial meltdown — he turned down a $20 million offer.
After being on and off the market for the past seven years, the house finally sold. For how much?
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.)
Yesterday we put out a call for submissions for Lawyerly Lairs. We look forward to your responses. In the meantime, here’s some real estate porn that we were able to obtain on our own — since the property in question is for sale.
The Schinasi Mansion is the only freestanding single-family mansion in Manhattan. It dates back to 1909, boasts 12,000 square feet of living space, and sits on swanky Riverside Drive. It is currently on the market for an eye-popping $29,000,000.
Here’s a shot of its French Renaissance, white marble exterior:
So who owns this Mother of All Townhouses? A senior partner at a top Biglaw firm — who also married very well? An ex-lawyer who left for the world of finance, to become a managing director at an investment bank or a partner at a successful hedge fund?
Actually, no. The $29 million mansion is owned by — brace yourselves, people — a legal academic. It’s home to Professor Hans Smit (at right), who teaches civil procedure and international law at Colubmia. Guess those private law school salaries must be pretty good!
Actually, there’s a backstory — and no, Professor Smit didn’t win the $315 million Mega Millions jackpot. Check out the details, as well as more drool-worthy pictures, after the jump.
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 seven years. You can reach them by email: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!