Adler & Stachenfeld

What Adler & Stachenfeld does

Adler & Stachenfeld LLP is a New York-headquartered boutique law firm operating as a limited liability partnership and positioning itself as "The Pure Play in Real Estate Law." Founded in 2001 by Bruce M. Stachenfeld and Terri L. Adler, the firm serves real estate developers, owners, investors, lenders, REITs, fund managers, and institutional owners with legal services covering the full lifecycle of commercial real estate transactions. The firm represents clients throughout all levels of the debt and equity capital stacks — acting for both lenders and borrowers simultaneously — and concentrates on complex deals spanning acquisitions, dispositions, joint ventures, construction and permanent financing, leasing, ground leases, opportunity zone investments, fund formation, PACE financing, and distressed real estate work.

The firm's core products are organized around core practice areas (Real Estate, Tax, Leasing) and a set of specialty practices (NYC Real Estate Tax & Zoning Incentives, PACE Finance, Ground Leases, Opportunity Zones, Fund Formation, Impact/ESG, EB-5, Employment, Hotels and Hospitality, Land Use & Zoning, Construction and Development, Distressed Real Estate, Joint Ventures). Underlying technology is described as standard legal practice management tooling; the firm's principal intangible asset is The Real Estate Philosopher, a thought leadership platform reaching approximately 50,000 parties in the real estate community. The practice is supported by attorneys repeatedly recognized by Chambers and Partners, Super Lawyers, Best Lawyers in America, and the American College of Real Estate Lawyers.

The business model is professional services revenue billed via hourly rates, flat fees, and transaction-based fees tied to deal complexity, attorney seniority, and scope. Customer acquisition relies on reputation, thought leadership, industry publications, conference speaking, and referrals within the New York real estate community rather than traditional sales channels. The firm is privately held with no institutional investor ownership and operates from a single Midtown Manhattan headquarters at 555 Madison Avenue, serving clients nationally through matter-driven engagement.

Name

Adler & Stachenfeld

Legal name

Adler & Stachenfeld LLP

Website

https://adstach.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Adler & Stachenfeld is a New York-based boutique law firm specializing exclusively in real estate law. The firm serves real estate developers, investors, lenders, REITs, fund managers, and institutional owners with legal services spanning acquisitions, finance, leasing, tax, ground leases, PACE financing, and opportunity zones.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Legal Services - Transactional: Hourly billing, flat fees, and transaction-based fees for real estate legal services including acquisitions, dispositions, financing, joint ventures, leasing, and development

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Adler & Stachenfeld LLP is a New York-based boutique law firm providing comprehensive commercial real estate legal services to enterprise clients throughout all levels of the debt and equity capital stacks. The firm represents developers, investors, lenders, REITs, and fund managers across transactions including acquisitions, dispositions, joint ventures, finance, leasing, ground leases, opportunity zone investments, fund formation, PACE financing, tax advisory, and distressed real estate matters.

Product overview

Adler & Stachenfeld is a boutique law firm operating as 'The Pure Play in Real Estate Law,' offering a unified platform of legal services centered on commercial real estate. The firm provides integrated legal counsel across multiple interconnected practice areas: core real estate transactions (acquisitions, dispositions, finance, leasing, joint ventures), specialty tax advisory (including Opportunity Zones, fund formation, and PACE financing), NYC-specific tax and zoning incentives, impact/ESG investing, ground lease structuring, and complementary practices in employment, EB-5, and distressed assets. The practice areas work together to serve clients throughout all levels of the debt and equity capital stack.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate

Quantifiable outcome

• Extensive transaction track record including billion-dollar developments in NYC, Miami, Philadelphia, and other major markets
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Olshan Frome Wolosky LLP: NYC-based boutique law firm with a prominent real estate practice that serves developers, investors, and REITs on acquisitions, financings, JVs, and leasing — directly comparable to Adler & Stachenfeld's core NYC real estate transactional and capital-stack advisory work.
• Herrick Feinstein LLP: NYC-based law firm with a deeply established real estate practice covering commercial leasing, finance, ground leases, and development across the New York metro market — overlapping with Adler & Stachenfeld's leasing, ground lease, and capital-stack practice groups.
• Belkin Burden Goldman LLP: NYC real estate-focused boutique law firm representing institutional owners, developers, and lenders in acquisitions, financings, JVs, and ground lease transactions — a direct peer given similar New York real estate focus and transaction-driven practice model.
• Sive Paget & Riesel PC: NYC-based boutique law firm focused on real estate, environmental, and land use law for developers and owners, with overlap in land use, development, and capital-stack advisory work comparable to Adler & Stachenfeld's Real Estate and NYC tax/zoning incentive practices.

Broad incumbents

• Schulte Roth & Zabel LLP: NYC full-service law firm with a recognized real estate practice advising REITs, private equity real estate funds, and institutional investors on financings, fund formation, and transactions — overlapping with Adler & Stachenfeld's REIT, fund formation, and investor-side advisory work but as part of a much broader practice portfolio.
• Kramer Levin Naftalis & Frankel LLP: NYC-based full-service law firm with active real estate, finance, and tax practices serving major New York developers, REITs, and hospitality clients; Risa Letowsky was previously Special Counsel at Kramer Levin before joining Adler & Stachenfeld, evidencing direct practice-area overlap.
• Fried Frank LLP: NYC-based law firm with a substantial real estate practice covering transactions, finance, and tax structuring for institutional investors and developers — overlapping with Adler & Stachenfeld's transactional, financing, and tax-side real estate work but at a materially larger scale.
• Stroock & Stroock & Lavan LLP: Historically a dominant NYC real estate and finance law firm advising institutional owners, REITs, lenders, and developers on complex real estate transactions — directly comparable clients and transaction types as Adler & Stachenfeld, though at broader full-service scale.
• Blank Rome LLP: National law firm with a sizable real estate practice covering acquisitions, finance, leasing, and development across major U.S. markets — competing for similar institutional real estate clients as Adler & Stachenfeld via broader geographic and practice coverage.
• DLA Piper LLP: Global law firm with a large real estate practice advising institutional investors, REITs, and developers on cross-border and domestic transactions — competing with Adler & Stachenfeld for enterprise real estate mandates where scale and geographic footprint matter.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/adler-and-stachenfeld-llp

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adler & Stachenfeld