I retired early from a corporation to start my own practice. The only opportunities that have come my way are equine law and real estate. I have five years of AmLaw100 tort lit experience and almost 20 years of transactional commercial contracts experience. Someone told me to avoid real estate, but is this something I should be able to learn? FYI no one seems to give a crap in The OC about mentoring other lawyers so I’m on my own.

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23+ years as a real estate lawyer here.

I’ve thoroughly enjoyed the practice in terms of the nuts and bolts of the practice area (contract negotiations, resolving due diligence issues, resolving last minute issues before closing).

When I’m private practice, the “job” parts of the practice were tough (meeting unreasonable client timing demands, defending my client relationships from lawyers at other firms, etc.). I’m in-house now and I thoroughly enjoy my overall job now.

But as others have noted, real estate is a broad practice area, so you really need to consider what sub-practice you’ll be in.

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Nice, congrats on that hard work paying off for you!

Real estate attorney here and I love my practice. Maybe I’m drinking the kool-aid, but I don’t think there’s anything uniquely bad with the practice area.

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Acquisitions, leasing, and construction. My current firm is massive (thousands of attorneys), but my last firm had around 200.

Make friends that practice in real estate law so you have resources you can call upon when you get something you haven’t come across before. One of the things I like the most about real estate is that because each property is different, there are always new challenges to overcome that you haven’t faced exactly like this before.

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What type of real estate? It’s extremely broad. Residential can be a moneymaker at volume and a good source of referrals, but would otherwise caution against.

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One thing not mentioned here yet is that real estate lawyers have more professional negligence claims against them than many other fields, particularly because we handle client money so often. This is the case in Canada and I would assume is the same in the states.
I’ve heard people say it’s dangerous to dabble in real estate because without sufficient experience you may make a mistake relating to trust money and open yourself up to liability.

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Interesting, thanks for the perspective. Yes I’m Canada almost every real estate closing, residential or commercial, flows funds through a lawyer.

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You can learn real estate. It's like commercial contracts with a heavy dose of 1L property law. Just be wary of what you are being asked to do and who the client is. Land sales are different than leasing is different from development work.

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