Adam Leitman Bailey, P.C. is dedicated to being the best real estate law firm in New York. Adam Leitman Bailey, P.C. owes much of its visible success to its less visible but equally important success in recruiting some of the finest professionals and paraprofessionals in the entire real estate industry. As aggressive as Adam Leitman Bailey, P.C. is in the courtroom and at the negotiating table, it is equally so in staffing for its clients’ long term needs and goals. The firm maintains training programs that in some cases reach as far down as high school and as high up as partnerships in competing firms. Interns at Adam Leitman Bailey, P.C. have gone on to become highly respected members of the real estate legal community. The firm aggressively recruits to bring the talents of both the sharpest minds and the most seasoned professionals to every matter. The staff works in tandem to provide the highest quality of legal analysis, drafting, advocacy, and absolutely unrivaled client care.
Factsheet: How do we stand out?
Adam Leitman Bailey, P.C. is founded on the fundamental principle of universal equality enshrined in the Declaration of Independence, the principle that greatness is blind to race, color, creed, ethnicity, marital status, sexual orientation, national origin, and all other forms of differentiation. As we continue our quest to build the best real estate law firm in New York’s history, we embrace and celebrate the diversity of both the staff and the pool of talent available to us. Greatness includes passion, love for the law, devotion to our clients’ mission and the inner compulsion to let no matter rest until our clients’ goals have been achieved.
Besides superior compensation, our attorneys participate in a revenue sharing program, thereby permitting an unlimited means of compensation based on performance. Adam Leitman Bailey, P.C. includes an expansive benefits package including a premier health insurance plan, self-insured eye and dental coverage, 401k, three months’ paid maternity leave, 80 percent discount on Equinox gym memberships, and a flexible, first-class working environment with built-in flexibility to accommodate our staff members’ needs and those of their families. In addition to monetary compensation, the firm indulges in bi-weekly “Spa Fridays” where employees receive a complimentary manicure or massage in the office. The firm celebrates all meaningful events such as birthdays, engagements, big victories, and when new attorneys pass the bar.
At Adam Leitman Bailey, P.C., although everyone receives a paycheck every pay period, we are the only law firm in New York City providing individualized revenue sharing. This program allows every attorney to have an opportunity to be among the highest paid attorneys in New York without depending on other lawyers in the firm.
Our revenue sharing program is not based on bringing in business. In fact, when an attorney at any level brings in business he or she receives ten percent of what he or she brings in on top of the below compensation program, to as much as twenty percent for top performers. Here is how it works: Every attorney at the firm receives one third of his/her billable time that has been collected. Attorneys that bring in business receive between forty-three to fifty-three percent of his/her billable time.
Scenario 1: A $625 billing rate for senior attorneys x 2,500 billed hours per year equals $1,562,500. With a collection rate of 92% (the rate for 2015), the firm would collect $1,437,500 ($1,562,500 x .92) for the year. The attorney would earn one third of this amount, total compensation of $479,166.
Scenario 2: Assuming the same $625 billing rate x 2,000 billed hours per year equals total gross compensation of $1,250,000. With a collection rate of 92% (the rate for 2015), the firm would collect $1,150,000 ($1,250,000 x .92) for the year. The attorney would earn one third of this amount, total compensation of $383,333.
Scenario 3: At a $450 billing rate for junior attorneys x 2,000 billed hours per year equals $900,000. With a collection rate of 92% (the rate for 2015), the firm would collect $828,000 (900,000 x .92) for the year. The attorney would earn one third of this amount, total compensation of $276,000.
This is why our revenue sharing program results in our paying more to our attorneys than most other law firms in New York.
Adam Leitman Bailey, P.C. has some of the most challenging and high profile cases in the nation, and staff expertise really does make a difference for the client and the community. Because Adam Leitman Bailey, P.C. practices only one type of law, all of our associates rapidly become experts, and our interns and externs never make coffee or copies. We have exciting cases that require a lot of hard work from the smartest and most aggressive, passionate, loyal, and committed attorneys, staff, and students who are ready to change the world one real estate case at a time.
We choose the most talented applicants, looking to see whether they have the potential to be great at our firm. Once we hire someone, the training, mentoring, and teaching never stops. We strive for greatness in everything we do and expect our staff – from partners to interns to professional staff – to do the same. We encourage you to express your opinions and share your ideas to improve our work.
We accept applications for all positions on an ongoing basis.
Legal Interns/Externs & Summer Associates
No law firm in New York has produced a better internship and externship program in the country and this is proven by the number of attorneys who started as part of this program, went on to earn full-time positions, and, years later, have become the leading attorneys in their areas of expertise. Many of these attorneys have received the highest honors and rankings, including Leading Real Estate Lawyer by Chambers USA, Super Lawyer “Top 100″ and Super Lawyers “Rising Stars” ratings, “AV” Preeminent ratings from Martindale-Hubbell, the highest ranking from Avvo.com, Best Lawyers ranking from US News and World Report, and the New York Times’ list of “Top 50 Women Attorneys.”
Our interns and externs become lawyers-in-training and are part of the legal team, learning on the case or deal. Being assigned to active cases and made part of the team has given students the ability to produce amazing results. As one of the best – if not the best – real estate law firms in New York City, Adam Leitman Bailey, P.C. strives to find only the best law school students. Legal interns and externs will participate in a wide range of tasks that may include conducting case investigation, legal research, and discovery, meetings with clients and experts, and preparing memoranda, briefs, and other legal documents for administrative, judicial, and transactional proceedings.
We are currently accepting applications. Please submit to Brianna Loverich, BLoverich@alblawfirm.com: your cover letter or video, resume, transcript, and writing samples, as well as anything else that may demonstrate your talents and qualifications.
Adam Leitman Bailey, P.C. is growing and looking toward the future, and providing enormous opportunities and rewards for outstanding lawyers and staff members of all ages and experience.