How BCLP Is Championing Real Estate
The important connection between real estate and law.
Real estate is currently one of the most intriguing industries to get into in this current climate - whether that be as an investor or a lawyer. In the aftermath of the global COVID-19 pandemic, real estate remains an investment which can offer exponential returns.
The real estate industry is currently facing a monumental time of change as the phenomenon of working from home proliferated through the majority of industries due to the need of social distancing - so that the possibilities of contracting the COVID-19 virus could be mitigated. However, the pandemic has been declared to be at greatly lower risk to the global population by the World Health Organisation - compared to just two to three years ago. Nevertheless, the mass increase in employees continuing to work from home has remained high. In 2023 78% of people in the UK who worked from home in some capacity stated that they had a better work life balance, as evidenced by the Office for National Statistics. Currently, at least 40% of the UK population work from home at least some of the time. Therefore, when it comes to investments in sectors such as commercial real estate, some may deem it as risky.
However, with new shifts and challenges there are new opportunities. The $326.5 trillion industry is still worth investing in, as growth has been insanely driven by residential real estate demand. The compound annual growth rate (CAGR) is expected to expand by 5.2% from 2022 to 2030. The billionaire developer Charles Cohen, who has a real estate empire of millions of square feet of office space across the USA, is positive about the future of real estate. This week, Cohen declared that, in real estate, to survive and thrive for the many new opportunities “you’ve got to be very defensive.” When it comes to top law firm BCLP (Bryan Cave Leighton Paisner LLP), they have proved to be stars at defending real estate matters. At the end of May 2023, BCLP were named the ‘Real Estate Team Of The Year’ by the Middle East Legal Awards. BCLP Real Estate partner, Sarah Mahood, at the ceremony noted the amazing work and commitment that was put in by the firm. The BCLP global team hosts nearly 750 real estate sector lawyers who are ‘responsive, pragmatic and committed’ as they leverage their experience to benefit their clients.
Therefore, The Corporate Law Journal sees BCLP as a firm that provides to lawyers and future lawyers, the opportunity to challenge yourself and the status quo. Supported by the backbone of a global and supportive network from arrival, BCLP helps in allowing you to grow in your legal career and the ability to explore new ideas. BCLP Training Principal & Partner (M&A and Corporate Finance), Carol Osborne, ensures that each trainee’s individual ambitions are matched with the demands of the business. Osborne stated that “during the qualification process, I meet with the qualifying intake at least once as a group and liaise with our practice groups to ensure we find as many positions as we can for new qualifiers. I am always happy to offer advice and encouragement - feel free to get in touch!”. For more on opportunities and careers which are available at BCLP, see here and begin your story at BCLP.
Therefore, in a time where sectors such as real estate are on the groundbreaking edge for change and redevelopment, BCLP exhibits the traits of a bold international law firm, ready to spearhead into the future.
By The Corporate Law Journal