Attorneys

Why ALBPC?

Dedicated to Being the Best Firm in New York

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 from other firms to bring the talents of both the sharpest minds and the most seasoned professionals and paraprofessionals to every matter. The staff works in tandem to provide the highest quality of legal analysis, drafting, advocacy, and absolutely unrivaled client care. The firm’s famed “24 hour rule” requires that all client inquiries, whether by phone or email, be returned within 24 hours – a standard applied with equal rigor to all attorneys and staff.

 

ALBPC By The Numbers_ 2017 Update

Professional Development

Not Merely a Job, a Career

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.

  • The Wall Street Journal Article: Associate Perk of the Week: “Persuasive” Ties and Brooks Brothers Suits (Click Here)
  • The Huffington Post: Why We Do Not Hire Law School Graduates from the Ivy League Schools (Click Here)
  • The Wall Street Journal Article: Law Firm Imposes Ban on Hiring Ivy League Graduates (Click Here)
  • Bloomberg Business: Why an Ivy League Degree Won’t Get You in This Door. Bloomberg’s Mark Crumpton and Scarlet Fu report on the hiring criteria of law firm Adam Leitman Bailey, P.C. (Click Here)
  • Fox Business’ Stuart Varney says Adam Leitman Bailey hires ‘killers': “Don’t you love this guy!” (Watch)
What we look for?

Prerequisite for Joining Our Team: Greatness

At each interview we explain that this law firm is only for great people and that those that do not desire to reach for greatness should not apply for a position. Greatness, as we see it, is an inner motivation to treat every task and every job like it is the most important matter on earth. Greatness does not accept defeat but constantly attempts to use every setback as an opportunity for self-improvement, leading inevitably to greater and greater success in achieving our clients’ goals. Greatness does not believe in surrender; it uses adversity and sacrifice as challenges to be overcome by persistence and endurance. Greatness does not believe in excuses. Greatness rewards itself by the satisfaction derived from working tirelessly, pressing on until victory has been achieved regardless of the struggle.

Compensation & Benefits

Superior Compensation

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 401k, three-month paid maternity leave, 80 percent off gym membership to Equinox 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, every other week the firm indulges in “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.

How Adam Leitman Bailey, P.C. Pays More

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 brings in business he or she receives 10 percent of what he or she brings in on top of the below compensation program, to as much as 20% for top performers. Here is how it works: Every attorney at any level with the firm receives one third of his/her billable time that has been collected.

For example:

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.

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Related Media

Not Merely a Job, a Career

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.

  • The Wall Street Journal Article: Associate Perk of the Week: “Persuasive” Ties and Brooks Brothers Suits (Click Here)
  • The Huffington Post: Why We Do Not Hire Law School Graduates from the Ivy League Schools (Click Here)
  • The Wall Street Journal Article: Law Firm Imposes Ban on Hiring Ivy League Graduates (Click Here)
  • Bloomberg Business: Why an Ivy League Degree Won’t Get You in This Door. Bloomberg’s Mark Crumpton and Scarlet Fu report on the hiring criteria of law firm Adam Leitman Bailey, P.C. (Click Here)
  • Fox Business’ Stuart Varney says Adam Leitman Bailey hires ‘killers': “Don’t you love this guy!” (Watch)

Adam Leitman Bailey, P.C.

NEW YORK REAL ESTATE ATTORNEYS