#355 - Michael Fishman & Michael Baum - Shareholders of Global RE Practice @ Greenberg Traurig, LLP - Legal Best Practices & The Egoless Partnership | The Fort | Podwise
This episode explores the dynamics of the real estate market, particularly focusing on cross-border investments and the evolving role of lawyers in this landscape. Against the backdrop of fluctuating interest rates and political uncertainty, the discussion centers on the experiences of two lawyers who built a successful global real estate practice. More significantly, they highlight the importance of building strong relationships and aligning interests with clients and partners, emphasizing that real estate is fundamentally a people business. For instance, their anecdotes from working in Mexico illustrate how cultural understanding and relationship-building are crucial for successful cross-border transactions. The conversation then pivots to the impact of AI on the legal profession, with the lawyers acknowledging its potential for efficiency but emphasizing the irreplaceable value of human experience and judgment in legal practice. Finally, the episode concludes with an analysis of current market trends, noting the challenges in the office sector and the continued strength of other asset classes like data centers, while emphasizing the need for adaptability and a long-term perspective in navigating market volatility.
