Profile submitted by Adam Leitman Bailey
Experienced in most aspects of New York real property law, Bailey has participated in many of the most important real estate cases in the new millennium including cases involving: 1) securing the largest condominium settlement in New York history, 2) making new appellate law for newly constructed condominium buildings, 3) using a federal statute to prevail in a landmark victories for contract vendees 4) setting new rules for commercial real estate joint venture agreements, 5) expanding the limits of landlord/tenant non-primary residence law, 6) a case of first impression interpreting the limited liability company law, and 7) a noteworthy Appellate Division decision involving an interpretation of the recording statute. Bailey has successfully defended a number of the largest title companies in the nation, as well as prevailed in mortgage and property-related cases for many of the nation's largest real estate companies and lenders in addition to winning numerous trials and settlements involving commercial and residential building owners and tenants, real estate brokerages and cooperative and condominium boards. Bailey's lease drafting skills received national attention when BlumbergExcelsior, the nation's leading form distributor, responsible for over 70 percent of the residential leases signed in the United States, tapped Bailey to draft a new set of New York City, State and national residential and office leases for purchase nationwide. BlumbergExcelsior's principal remarked that Bailey's lease drafting abilities were "remarkable." While almost all New York property owners utilize his leases for residential purposes, his commercial leasing ideas are commonly a part of the entire national commercial leasing scene and have been included in "The Insider's Best Commercial Lease Clauses" published by the Vendome Group.
Mr. Bailey has also been elected a Fellow of the American College of Real Estate Lawyers (ACREL), where he serves on the Insurance and Title Insurance committees, and the American College of Mortgage Attorneys (ACMA) Member, Board of Editors, Commercial Leasing Law & Strategy; adjunct Professor, Real Estate and Landlord/Tenant Law, New York University's Real Estate Institute; Title Insurance Columnist, New York Law Journal; Featured Speaker, Mortgage Banker Association and New York Land Title Association, "Eight Ways to Prevent Fraud Upon the Lender" and "Preventing Fraud at the Real Estate Closing." His success as cooperative and condominium general counsel earned Mr. Bailey recognition in "Who's Who in Real Estate" by Habitat Magazine. In 2011, Mr. Bailey took on the role of author to guide first-time home buyers through the purchase process. Mr. Bailey’s book, Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home for the Lowest Possible Price was published by John Wiley and Sons and became a number 1 New York Times Bestseller.
By uniting many of the best real estate attorneys of our generation, Adam Leitman Bailey, P.C. has become one of New York’s most prominent real estate law firms. The firm excels by solely practicing real estate law and only taking on projects and cases where it is among the best in the field. Adam Leitman Bailey, P.C. has achieved groundbreaking results in the courtroom, in the board room, at the closing table, in the lobbies of legislative bodies, and in every other venue where talented legal advocacy is key to its clients’ interests. Adam Leitman Bailey, P.C. counts itself among only one of two law firms with under 30 attorneys to achieve an AV Martindale-Hubbell rating, repeated Super Lawyers ranking, selection into the Bar Registry of Preeminent Lawyers, and a Chambers & Partners award for being one of the “Leading Lawyers for Real Estate.” Actively at the helm of the law firm he built from scratch, Real Estate Weekly recognized that “Adam Leitman Bailey has made a name for himself with his success winning cases in the courtroom.” The same newspaper called Mr. Bailey “famous” for his “condominium, foreclosure and landlord-tenant representation.” The New York Times referred to his legal strategy and legislation proposed in one case as “novel,” in addition to remarking on another case in which “Adam Leitman Bailey fought on…grinding through excruciating detail and obscure Perry Mason moments.” After Mr. Bailey’s firm used a forgotten statute to prevail in a landmark case, the Wall Street Journal quoted a prominent New York developer’s attorney who called the holding a “game changer” affecting real estate nationwide. In another case hailed as “the city’s largest condo refund ever” (Curbed NY) involving “a settlement likely to send shivers through the ranks of the city’s condo developers” (the New York Post), the settlement he received was the largest condominium settlement in history for one building, and in another transaction, he obtained the largest government grant ($21 million) for a cooperative in New York history. The Commercial Observer ranked another victory among their “15 Most Fascinating New York Real Estate Cases of the 21st Century.” Dateline NBC referred to Mr. Bailey as “aggressive, tenacious and smart” in asking him to share his negotiating secrets on its nationally syndicated television program. Mr. Bailey’s advocacy has prevailed in numerous important trials and cases before various courts and trial venues, including Housing, Civil, and New York State Supreme and Federal Courts, as well as various New York Appellate tribunals. A New York State Judge wrote that Mr. Bailey “was the best trial lawyer I saw in my nine years as a Judge in New York City.”