Ed Kelly | Delco Real Estate Lawyer

Business/Corporate and Commercial Real Estate Lawyer in the Delaware County/Philadelphia area #Delco #CRE

[SMB Attorney @SMB_Attorney]

A late-night TED Talk… let’s go:

Biglaw attorneys prioritize work and money over family and quality of life.

It’s not a “narrative.”

It’s a fundamental and unavoidable byproduct of the incentives created by the system in which they operate.

Now I’ll concede that no two situations are ever alike, sure.

And we need to begin by defining what we mean by “biglaw.”

All colloquial descriptions of “biglaw” work share the same two central tenets:

First, it’s very important work and the consequences for failure are very high.

Second, and largely as a result, it’s very demanding and VERY expensive.

When I (and most others) talk about “biglaw,” we don’t mean firms with large head counts comprised of crappy low-cost attorneys doing uneventful work.

We mean AmLaw 50 firms hired for “bet the company” transactions and litigation.

Think this through:

You’re the general counsel for a major company with a high-stakes transaction or litigation that needs help fast.

Everything is on the line. If it gets fucked up, best case you’re fired. Worst case, your company fails.

You’re being watched closely by your CEO, and the board is watching them.

Everyone’s ass is on the line…

You hire XYZ firm and agree to pay a gobsmacking $2,000+ per hour.

First week in, you can’t reach your outside counsel because they’re playing patty-cake with their kids?

Hell no! Not for this project and not for $2K+ an hour.

Guess who wants to make $2K an hour? Everyone! Including the guy at ABC firm competing with XYZ.

That guy will work through his mother’s funeral for $2K per hour.

Work backwards: who gets the work moving forward?

This ain’t rocket science, guys.

But it gets worse.

Now imagine you’re an associate at ABC firm working for that maniac.

He hires you out of law school at $225K with ZERO experience. By year three, you’re making $300K+ in total compensation.

Guess what he expects? You’ll work through your mother’s funeral, too.

Why? Because if you won’t, for that money someone else will.

And he needs you to grind to secure his $2K an hour.

And it’s WAY worse for you as an associate: no visibility, no control, and no ability to say no.

In AmLaw 50, this isn’t one or two projects… it’s every project, every day, 24/7/365.

So can you scrape up anecdotes suggesting it will be different for you? Sure…

But you are not different.

And eventually the laws of the universe will catch up to you.

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

If you’ve ever wondered “What does Ed do?”, now you know

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

I recently closed my Client’s purchase of a Light Industrial property in Delco. Paul Padien repped the Seller. Steve DiBattista of Zommick McMahon brokered the deal. Joe McLoughlin of Commonwealth Land Title handled the title. Ron Vitola of Propell Credit Union lined up funding

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

Recently, I appeared before the Whitemarsh Township ZHB & obtained a use variance for a building located in a "Modified Campus-Type Limited Industrial District" which allowed my client to rent space to Christ Life Church for their new home in Plymouth Meeting #CRE #Zoning

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

Closed out the holiday event season at the Fr Duffy Christmas Party at Malvern. Joe Davis ‘90 (Alumni Loyalty Award) & retiring teachers Kevin McCarry (45 yrs) & John Ostick (39 yrs) were honored. Caught up with my Class of ‘92 Brothers Hunter Jones and Matt Davis

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

Congrats, Jackson! @JaxKennedy23

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

Thank you to Jim and all of our Veterans!

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

It has been a great 4 Years! We closed so many business, commercial real estate and student housing deals this past year, and moved into our new offices. For year 5, we are looking forward to working with our incredible clients as we get ready to expand. Big things ahead!

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

For the 4th Year in a row, I have been named one of Delco's Top Lawyers in Business & Real Estate! Let me know if you want to start a company; buy/sell a business; buy/sell/lease commercial real estate; or need a contract prepared/reviewed #BusinessLaw #RealEstateLaw #CRE #Delco

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

An exciting next step for @kennedykellyllp is coming soon…

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

#NewProfilePic

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

I assisted Pieri Vineyard with the acquisition of a Limited Winery License from the PLCB. I also participated in the acquisition of the 25 acre parcel in Coopersburg, PA on which the vineyard sits. #LiquorLicense #LiquorLawyer #CRE #CommercialRealEstate #CRELawyer

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

Another Student Housing project for @kennedykellyllp. Well done, Jim! #StudentHousing #CRE #law

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

Great job, Jim! #StudentHousing

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

I recently prepared a Partnership Agreement for one of the area's top regional accounting firms. The Partners and I worked together over the course of several months to make sure we accurately addressed all of the Partners' concerns #BusinessLaw #BusinessLawyer

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

A once in a generation opportunity in Avalon. It will be interesting to see if the entire parcel gets redeveloped, or if the next owner continues operating the restaurants with a smaller development of the vacant lot
#commercialrealestate #liquorlicense #CRE #LiquorLaw

[Philadelphia Business Journal @PHLBizJournal]

Two well-known restaurants, their liquor licenses and the entire block on which they sit in Avalon are up for sale, and the nature of the property could make it an unprecedented transaction, according to Jersey Shore real estate experts. https://t.co/7nbJWOpZVz

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

Closed out the year with the final closing of the week, an asset purchase of a dance apparel/accessory company. Turned this one around in 2 weeks, & it could not have gone smoother. Looking forward to working with many of you in 2023. Happy New Year! #BusinessLaw #BusinessLawyer

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

This week's 2nd closing was the transfer of a family-owned business from 1 generation to the next structured as an asset deal. This one was months in the making, & included documenting real estate arrangements put in place decades ago on a handshake #BusinessLaw #BusinessLawyer

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

Today's closing was the sale of a medical practice w/ multiple locations. Stock Purchase Agreement which involved one Doctor selling his shares to his partner & Employment Agreement to keep Doctor w/ the practice while assisting with the transition #BusinessLaw #BusinessLawyer

[Ed Kelly | Delco Real Estate Lawyer @EdKellyLaw]

Jim and I were happy to sponsor PROTECS Inc.'s annual golf outing, with all proceeds benefiting the Tunnel to Towers Foundation. Many thanks to Christopher DiPaolo and his entire team for a great day at Cedarbrook Country Club!