Developers turn to Westchester-based law firms to cut costs

TRD New York /
Nov.November 14, 2012 01:00 PM

In an effort to cut costs in an increasingly pricey New York real estate market, some commercial developers are hiring suburban attorneys to do their legal work, Real Estate Weekly reported.

For example, the real estate practice at Westchester law firm Kurzman Eisenberg Corbin & Lever passes savings on rent to clients that include developers Tishman Speyer Partners, Bayrock Partners and Fisher Brothers. “Instead of paying $700 or $900 an hour, clients are paying $500 or less,” real estate partner Steven Goldman, who used to work in the city, told Real Estate Weekly.

“Up in the White Plains area, some of the major law firms have opened offices and shifted people up here so they can save on costs,” he added.

Meanwhile, landlord-tenant law firm Hieberger & Associates “subcontracts” its Westchester casework two or three local firms to save on time and money. [REW]—Leigh Kamping-Carder


Related Articles

arrow_forward_ios
Battle of the boroughs: Tallying the city’s top law firms by real estate sales

Battle of the boroughs: Tallying the city’s top law firms by real estate sales

From left: Luise Barrack, Jonathan Mechanic, Jay Neveloff, and Robert Ivanhoe (Illustration by Hannah Drossman)

Sizing up NYC’s real estate law firms with the highest attorney headcounts

Lana Zakocela and Justin Etzin in front of their former New Castle home (Credit: Getty, Zillow)

The Seychelles to auction off estate at a discount after diplomat’s divorce

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

Paul Simon’s Connecticut estate is on the market for $14M

Paul Simon’s Connecticut estate is on the market for $14M

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

This new bill is taking aim at property taxes for golf courses — including Trump’s

This new bill is taking aim at property taxes for golf courses — including Trump’s

Placeholder image

Rockland County’s troubled Time Nyack Hotel gets a new owner

arrow_forward_ios