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I do RE transactions in-house. Generally very collaborative because both parties want to get the deal done.
I do real estate transactions as well. Not very adversarial. I typically am dealing more with the title companies and lenders than I am dealing with the clients or the other party. And often the other party is represented.
Rising Star
CRE here. It’s generally pretty non-adversarial, although there can be heated/adversarial moments when a deal is slipping sideways or you’re negotiating the PSA reps.
Rising Star
You also asked about difficultly level. I think the hardest part is the breadth of things you need to take into account. It really all comes down to the financial and tax considerations, but as an attorney you need to be thinking about the contractual enforceability and logistics too. I find it interesting and non-repetitive, although I’m in a boutique so I’m doing some of everything (but/sell, financing, leasing, development, restructuring, assemblages, etc.) instead of just reps on the same thing over and over.
Not adversarial at all usually
Some of you saying CRE transactional is rarely adversarial have not regularly done deals opposite some folks at Kirkland, Fried Frank, Greenberg, Skadden, et al 😂😂
Rising Star
We said “rarely” not “never”. 😂.
Although my consistency absolute worst opposing counsel are NY solos. Once had an all-hands call where the principals spent 25 minutes actively negotiating a point, came to an agreement, reiterated so it was clear and both said “yes, that’s exactly what we agree to.” NY joker chimes in with “well, I don’t agree.”