Ballard Spahr real estate attorney Bart I. Mellits said that one of the most important issues in his practice is the struggling economy and its effect on the real estate industry. Mr. Mellits told Real Estate Law360 that the lower volume of transactions and the dearth of development deals have greatly affected the practice.

“Fortunately, Ballard Spahr has been able to adapt to this new world by focusing on distressed real estate work and new financing transactions, while maintaining much of our traditional development practice,” he said. “The business of the law has become more and more challenging. In an increasingly cost-conscious environment, we need to continue to find ways to provide excellent advice and service to our clients in the most efficient way possible.”