It’s no surprise that Allen Matkins Leck Gamble Mallory & Natsis had a tough year in 2009. About 45 percent of the Los Angeles firm’s business comes from real estate transactions, mostly in the foreclosure hot spot of Southern California.
“There are a lot fewer buildings being built, so there isn’t the need for land use work to make sure a property is properly titled and zoned,” says Brian Leck, the firm’s managing partner. “There isn’t the need for construction contracts, financing agreements, or sale and lease contracts. That work has been heavily impacted by the recession.”
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