Press Release
| January 11, 2010
Stuart M. Saft Named Chair of Dewey & LeBoeuf's Global Real Estate Practice
Saft to Expand Reach and Scope of Firm’s Real Estate Practice Nationally and Internationally
(New York, January 11, 2010) — Dewey & LeBoeuf, LLP is proud to announce that real estate attorney and Partner Stuart M. Saft has been appointed the firm’s Chair of the Global Real Estate Practice, effective immediately. Mr. Saft will be stepping into the role most recently held by Peter S. Britell, whose leadership will continue to benefit the firm in his role as Of Counsel.
“Being named Chair is a great honor, and it has been my privilege to work closely with and learn from Peter during my time at the firm,” said Mr. Saft. “The new marketplace requires real estate lawyers to take on a broader role and provide even more creative solutions to address the unusual issues facing the industry today. Given the constantly evolving real estate landscape, I’m dedicated to keeping the practice at the forefront of these changes.”
"We are very excited to have Stuart as our Chair of the Global Real Estate Practice. His vast expertise in the commercial real estate market will add to the integration and collaboration among our real estate lawyers globally," said Steven H. Davis, Chairman of Dewey & LeBoeuf.
As the Chair of the Global Real Estate Practice, Mr. Saft will draw on the firm’s national and international presence to address the needs of real estate clients in a market where ownership and challenges have no borders. In this vein, one of Mr. Saft’s first initiatives is the launch of two new practice specialties. The first will be a fully integrated Strategic Utilization of Real Estate (SURE) group advising corporate and non-profit clients on their real estate holdings. Mr. Saft will also oversee the establishment of a Disaster Assistance and Recovery Team (DART) focusing on problem-solving for real estate owners dealing with disastrous events, such as floods, fire, terrorism, mold, and other such events impacting their real estate holdings. This is the first time a major law firm will be including these types of specific practice as part of its services.
“As the global and national economy brace for the potential of a larger commercial real estate fallout in 2010, a continued sluggish recovery from the recession and the changing paradigm of a new global economic order as well as the other challenges affecting the real estate, our depth of expertise, experience and the launch of the two new specialties will enable us to better address a greater range of our client’s needs,” added Mr. Saft.
This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
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