| With
nearly 30 years at Higgs Fletcher & Mack LLP (HFM) and a 15-year
stint in one of the top professional groups in the legal industry,
you might wonder how Tim Konold had time to raise a family of seven.
His reputation as a real
estate finance attorney led to his induction to the American College
of Mortgage Attorneys over 15 years ago. This trade organization,
which consists of just 400 specialists in real estate mortgage law
across the United States, is dedicated to furthering the relationship
between lenders and their counsel, encouraging professional responsibility,
and influencing legislation related to the industry.
As a member of the College, Tim has filled a variety
of roles, including state chair and member of the Board of Regents.
In 2000, he was elected president for the year 2002.
Tim's experience representing lenders and borrowers,
landlords and tenants in real estate loan transactions and commercial
leases is a valuable resource to his HFM colleagues as well as the
College. Both rely on his perspective and industry insights.
"Real estate finance is fascinating,"
said Tim. "While someone driving by a real estate project may
see only a pile of dirt being pushed around, under the upper crust
are layers of equity and debt financing structured to spread the
risk and tailor the opportunities for the specific needs of the
investors."
This year, Tim's major project as president of
the College is making certain the College addresses issues on a
state level. At the same time, he expects the College to continue
involvement in matters of national concern, such as the current
debate over e-signatures. While many foreign countries and some
states have already enacted legislation recognizing e-signatures,
Congress must decide whether there should be uniform laws on the
subject. This is important to real estate finance since most commercial
real estate lending crosses state lines and must wrestle with conflicts
of law issues. If the borrower in State A (which does not recognize
e-signatures) electronically executes a legal document and e-mails
it to the lender in State B (which recognizes e-signatures), is
it a valid and enforceable obligation?
Back at HFM, Tim is head of the real property
transactions group. His leadership skills, along with the vision
of the Firm's managing partner, have helped build a practice group
that boasts many talented attorneys and a broad base of skills.
"There are two ways to manage a law firm," he said. "The
traditional structure is to have one partner who manages the client
relationship and many associates doing the work. This system has
worked well for law firms for decades. Clients, on the other hand,
are concerned about inefficiencies and the perception they are paying
for training scores of associates who are learning at the client's
expense. In response, we have created a different model where the
partner remains responsible for the project from cradle to grave
and does most of the legal work - relying on assistance only where
the task clearly justifies use of newer attorneys or where a specialized
discipline is called for."
The practice group, which focuses on commercial
real estate legal needs, has garnered respect among San Diego's
real estate community. The group's attorneys have represented public
entities, developers, tenants, mobile home parks, lenders, and investors
in a variety of transactions including acquisition, leasing, financing,
compliance, entitlements, public finance, and disposition.
What is his most rewarding experience as a lawyer?
"Getting a difficult deal closed on time and on budget and
for the client to feel it has received value from its attorneys.
Despite public impressions to the contrary, I think that is the
goal of most attorneys - at least those I am fortunate enough to
work with here in San Diego and through the College."
Tim stresses that he could not deliver consistent
value without a legal assistant whose attention to client needs
is paramount. "Hopefully, every attorney, sometime in his or
her career, will experience the feeling of complete confidence in
an assistant who is a true partner."
With all of this professional experience, Tim
continues his leadership and management example on the home front.
He was selected the 1995 Father of the Year in San Diego.
"Frankly," he said, "I think I
made it on a combination of my wife's good work and sheer volume.
Being a dedicated multi-tasker certainly helps," adds Tim.
And while none of his children have yet followed
in his career footsteps, two of his brood are keeping their options
open and could possibly see a future in law.
For more information about Tim Konold or the real
property transactions and litigation practice group, visit www.higgslaw.com/engine/apg/pgroups.asp.
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