Scott J. Stein was featured in the premier issue of "Attorney At Law" Magazine as the "Sole Practitioner of the Month", in an article written by Jon Levy. Click the image to read the PDF version, or read the entire article below.
SCOTT J. STEIN
STEIN LAW, PLC
By Jon Levy
The sale of Mountain Shadows Resort & Golf Club -- the Phoenix area golf staple -- will likely be one of, if not the, largest commercial real estate deals of the year. But, unlike with most deals of this size, the lawyer behind it isn't a grizzled veteran wrapped in a big law firm package; it's 31-year old Scott Stein of Stein Law, PLC.
Stein, a Scottsdale resident and managing attorney at Stein Law, PLC, honed his skills at the international law firm Squire, Sanders & Dempsey LLP and then left with his practice group to found the local office of Sonnenschein Nath & Rosenthal LLP. But, after a number of years at large law firms, he had an inkling he could offer the same big firm approach to assisting clients with real estate and business transactions wrapped in a practical, simple and more cost efficient package: himself.
Launching a new business venture in a shaky economy is a big risk. So, why make the move?
"I was fortunate from day one of practicing law to receive training and mentoring from some of the best real estate and hotel attorneys in the country," says Stein.
It was that training which prepared him to make the leap onto his own ledge, but it's his business model that gives him a competitive advantage.
"I feel I have the flexibility to offer my clients a service I couldn't otherwise offer elsewhere," Stein says. "I know how to think outside of the box and find creative solutions to help get deals done, and now with my own firm, I'm able to offer those qualities at more attractive price points, using lower billing rates and fixed fee models without the red tape."
Stein couldn't be more pleased with the results. Just under a year after launching Stein Law, AZRE Magazine named him one of 2009's "Top People to Know in Commercial Real Estate".
How does he explain his huge success during a time when so many are affected by the economy?
"It's an absolute thrill," says Stein of the AZRE honor. "But, I think, if anything, it's a testament to the support and encouragement I have received from my friends, colleagues and clients. Thatís what helps me keep doing what I'm doing."
Originally from New York, Stein graduated from Brandeis University before earning his law degree from The University of Arizona College of Law in 2003. With his wife, Brooke -- with whom he now has two sons and a pair of identical twins on the way -- Stein moved to the Valley immediately following law school for a clerkship at the Arizona Court of Appeals for the Honorable James B. Sult before taking a position with Squire, Sanders & Dempsey.
"At those bigger firms I was exposed to a broad range of projects and clients that were very rare for someone my age," remarks Stein. "I am so lucky to be product those experiences and know I couldn't do what I am doing now otherwise. That's why even though I'm relatively young, I have a diverse deal knowledge and knack for what I am doing."
"My goal now is to work with my clients to help them take advantage of the opportunities that exist in today's market and then grow with them as they grow," adds Stein, "and then I'll see where this takes me."
Being the boss undeniably has its advantages. Stein enjoys the freedom to work during "off and odd hours" so that he can spend time with his wife and young family and also focus on other things that are important to him, like having multiple leadership roles in various organizations around the greater Phoenix area.
Stein currently volunteers his time pro bono as legal counsel to assist in the creation of an eruv for the Scottsdale Jewish Community, which is a device under Jewish Law that creates a demarcated boundary permitting observant Jews to carry items on the Sabbath and other Jewish holidays.
He also serves on the board of the Real Estate & Finance Affinity Committee for the Jewish Federation of the Greater Phoenix and is the president of the Brandeis University Alumni Club of Arizona.
"I've always been a person who likes to be involved," says Stein. "I'm honored to have the opportunity to work for causes and organizations I care about and help where I can."
Like all of us, Stein doesn't know what the future will hold for him, but, regardless, heíll be ready for whatever comes his way.
"I feel very lucky and know that every day is a blessing," says Stein. "That helps me remain excited for the challenges that tomorrow brings."
From Attonery At Law Magazine
Dear Scott Stein,
Congratulations on your selection as the first lawyer to be profiled as our "Solo-Practitioner of the Month" feature story in Attorney at Law Magazine. With thousands of potential professionals to choose from, we are very pleased to formally announce your selection for this exclusive honor.
Your experience, professionalism, client services, and diverse client base of your law practice were all attributes considered in our editorial staff's final selection. As the feature story in the magazine reflects, you are a true professional.
Attorney at Law Magazine is a professional business to business trade magazine for all the attorneys in the state of Arizona with a goal of profiling only the most distinguished attorneys as examples for other attorneys to learn from. As a monthly publication, we can award only a few attorneys this honor in this category every year so our standards and criteria for selection are very high and as your story will reflect... you have certainly surpassed.
Attorney at Law Magazine