Large deal volume and transaction amounts are keeping real estate attorneys busier than ever recently, with the robust influx of work speeding the time frame for getting deals done.

"Deal volume remains high and the pace of deals is very aggressive," said Tina R. Makoulian, head of Ballard Spahr's real estate development and transactions group.

The timeline for closing deals has decreased dramatically. While past real estate transactions had typically taken around 90 days to complete, due diligence now takes no more than 30 days and then another 30 days to close. Apartment buildings are in particular demand.

"I've seen due diligence in 15 days," Makoulian said. "There's a lot of competition to buy apartment complexes and sellers are pushing it."