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About the Role
The Real Estate Paralegal will support real estate attorneys in commercial banking, corporate M&A, and residential real estate transactions. This role involves file management, diligence review, document preparation, and administrative support, requiring strong attention to detail and client service in a fast-paced environment. Overtime availability is necessary.
Responsibilities
- Plays an active role in helping the Firm to provide legal services of the highest caliber to our clients
- Supports banking, corporate M&A and residential real estate matters by organizing and summarizing documents, conducting due diligence and maintaining real estate files
- Assists with all aspects of commercial mortgage transactions, including preparing and maintaining real property collateral trackers, preparing mortgages, mortgage releases and subordination agreements, reviewing surveys, title commitments/proformas and zoning reports, and coordinating with title companies and third parties for closing
- Supports real estate attorneys on real estate matters for corporate M&A transactions, including due diligence review (including leases, deeds, title commitments, surveys), preparing summary trackers and lease abstracts, drafting consent and notice letters and reviewing and revising disclosure schedules
- Assists with all aspects of residential real estate transactions from signing through closing for cooperative, condominium and single-family home purchases and sales, including managing and reviewing survey, title and other due diligence matters, and preparing residential contracts of sale and related transaction documents
- Prepares and maintains checklists, organizational trackers, forms and files
- Provides administrative support, including preparation of redlines, proofreading and maintaining accurate and organized records, saving documents to iManage and general record keeping by managing and organizing electronic and physical matter files, preparing signature pages for closings, compiling transaction documents, and assisting with sending large distributions to title companies/landlords/third parties
- Interacts professionally and regularly with partners, associates and clients
- Coordinates multiple matters and deadlines and communicates proactively regarding workload, staffing needs and transaction status
- Helps maintain consistent real estate group processes and procedures and, when appropriate, assists with training and mentoring junior paralegals
- Performs other duties and ad hoc projects, as assigned
Requirements
- At least 2-5 years of relevant experience, including meaningful hands-on experience with commercial and residential real estate transactions
- Experience supporting commercial banking, corporate M&A and residential real estate transactions strongly preferred
- Excellent organizational, written and verbal communication skills, with a strong commitment to client service and team work
- Ability to exercise initiative, problem-solve and proactively identify and escalate potential issues to attorneys
- Strong working knowledge of commercial and residential real estate transactions from contract through closing and post-closing
- Ability to work well under pressure and manage multiple matters, priorities and strict deadlines
- Strong attention to detail and ability to follow instructions, work independently and collaborate effectively with a team
- Strong research, document review, drafting and proofreading skills
- Notary public commission required or willingness to obtain promptly after hire
- The flexibility to work a considerable amount of overtime and be available as needed
- Ability to travel throughout New York City, as needed
Skills
- Commercial and residential real estate transactions
- Commercial banking
- Corporate M&A
- File management and organization
- Diligence review (leases, mortgages, surveys, title reports)
- Preparation of lease abstracts and other summaries
- Preparation of transaction documents
- Client service
- Multitasking
- Overtime availability
- Real property diligence review
- Commercial mortgage transactions
- Real property collateral trackers
- Mortgages, mortgage releases and subordination agreements
- Surveys, title commitments/proformas and zoning reports
- Coordination with title companies and third parties
- Real estate matters for corporate M&A transactions
- Summary trackers
- Lease abstracts
- Consent and notice letters
- Disclosure schedules
- Residential real estate transactions (cooperative, condominium and single-family home purchases and sales)
- Contracts of sale and related transaction documents
- Checklists, organizational trackers, forms and files
- Administrative support
- Redlines
- Proofreading
- Accurate and organized records
- iManage
- Electronic and physical matter files
- Signature pages for closings
- Compiling transaction documents
- Large distributions to title companies/landlords/third parties
- Microsoft Word
- Microsoft Excel
- Adobe Acrobat
- Legal AI tools
- Legal research
- Third-party real estate databases
Location
- New York City
Work Type
- Full-time
- Onsite
Experience Level
- 2-5 years
Education Level
- Bachelor's degree
Salary/Compensations
- $70,000 to $90,000 plus overtime
Benefits
- Paid time off
- Medical
- Dental
- Vision care
- 401(k)
- Substantial health club discounts
About the Company
- Cravath is a law firm.