LOS ANGELES, Sept. 20, 2017 /PRNewswire/ -- The launch of Blackacre Law Group today and its all-fixed fee pricing model marks a turning point for legal services in connection with commercial real estate transactions.
"A change was long overdue. Clients increasingly seek predictability and accountability from their attorneys and other service providers. Blackacre Law Group's fixed legal-fee model achieves those dual goals with the perfect balance of efficiency and value, without sacrificing quality," says veteran real estate attorney Daniel S. Brozost, the founding partner of the Los Angeles-area based firm.
Blackacre's new pricing formulation is based on Brozost's extensive experience representing sophisticated clients in real estate transactions in the nation's most competitive markets, including national and regional restaurants and retailers with multiple locations. His retail and restaurant clients include Smart & Final, Guitar Center, The Veggie Grill, Lazy Dog Restaurants and Zoës Kitchen.
Brozost also represents institutional investment firms, syndicators, developers, financial institutions, brokerages, family offices and high net worth individuals engaged in real property acquisition, disposition and leasing matters. Such clients include Matthews Real Estate Investment Services, Tryperion Partners, Birtcher Anderson Realty and The Festival Companies.
"Our innovative pricing model benefits clients first and foremost. Instead of continuing the billable hour model – which mainly benefits attorneys – we've developed a model that provides certainty and value for our clients, while maintaining a premium level of legal services in transactional real estate legal representation," says Brozost.
Blackacre represents clients in a wide array of asset types: retail shopping centers and malls, office and industrial properties, multi-family residential properties and mixed-use projects. The firm's name uses the traditional first-year law school real property term "Blackacre" as a launching point to reimagine the delivery of transactional real estate legal services.
Prior to founding Blackacre Law Group, Brozost was co-chair of the real estate practice group at Raines Feldman LLP, where he was also a founding partner. Brozost graduated from the University of Virginia School of Law and Cornell University, and he began his legal career at the downtown Los Angeles offices of Latham & Watkins LLP and then Allen Matkins.
SOURCE Blackacre Law Group