For years, in-house counsel have been pressured in three common ways:
- Keep legal costs down. Despite the economy and most goods and services being discounted heavily, the costs of legal services continue to rise unabated. Large, traditional, full-service firms can afford to keep their real estate counsels' fees high, as other service areas such as litigation, bankruptcy, securities and health care law have all continued to demand large-firm counsel, and will pay these high legal costs. Even though real estate work is shrinking dramatically, the traditional large firms appear willing to reduce headcount rather than lower or simply stop increasing their fees beyond the reasonable benefit most real estate counsel provide.
- Perform more oversight and stop doing deals. You would love to find a lower cost alternative, but at the end of the day, you need the work done right, and do not have the time to look over a new counsel's shoulders to make sure they know what they are doing.
- Keep it simple. You have enjoyed the national contacts that a full-service firm can provide, and you fear having to get 10 small firms in order save money that one large firm used to do. You need someone who can organize others, and do so despite working in different offices, for different companies or in different parts of the country.
Levick Legal Group, LLC can relieve these pressures by offering competitive rates, while providing the experience and additional resources that you require:
- Cost: Unlike most firms, we believe our cost structure is the key to our ability to grow with the challenges of the new real estate landscape. With our low-cost platform and "legal group" structure, we can provide our services at hourly rates significantly lower than our competition. In addition, with the recent downsizing at many of the area's downtown firms, we have been able to bring in former counsel from traditional, full-service legal practice groups. As a result, our clients now get their services at a marked discount from their former rate structure.
- Experience: Our team includes a core group of seasoned counsel, who are able to provide strong support for national, regional and individual accounts. While Mr. Levick's extensive experience is available to all clients, with supporting attorneys averaging over 10 years of commercial real estate experience, the firm can handle large, complex transactions requiring multi-lawyer staffing, as well as provide a blending effect of rates on deals that require less support.
- Vendor Consolidation: Our approach to real estate law is premised on a team building concept. To that end, we routinely coordinate other law firms, consultants and vendors of our clients, consolidate their recommendations and stream-line their work product to facilitate efficient decision making. Like a traditional firm setting, our group is adept at assembling additional legal resources. Unlike traditional firms, however, we also have the ability to assemble non-legal resources, as well as consolidate billing with these vendors. In doing so, the client can review overall expenses of its entire team versus tracking all of these costs separately. Many find this service invaluable in controlling expenses.
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