Big Firms Poised To Hire Real Estate Lawyers Amid Resurgence In Work
12.4.12
News & Publications
Daily Journal
Mario Camara was quoted in a Dec. 14, 2012 article about the rebound in the housing development market and how it has caused larger firms to attempt to lure real estate attorneys from smaller boutiques. A senior partner on the firm's executive committee, Camara told the paper that despite the recession Cox Castle was able to add some real estate attorneys from big firms to its ranks.
“The reason for that is [that] larger firms with very high billing rates ... [seek] to jettison really talented lawyers who for the foreseeable future won't have the ability to charge the $850 [per hour]-plus rates, so they're basically marginalized,” he explained. As a result, Cox Castle has been able to attract very talented attorneys that bigger firms might have competed for.
“We see it as an opportunity, so we've been able to do very well in the downturn by bringing in additional talent,” he said.
Camara added that not only are hospitality, office and retail projects on the rebound, but multifamily and affordable housing is “on fire.”
