Michael J. Ringrose

Managing Partner, Gallo & Iacovangelo, LLP

Years in current role: 21

What are your expectations for the next 6-12 months?

As a medium-sized general practice law firm, we are anticipating the residential real estate market to continue to face challenges presented by low inventory, higher interest rates (with the potential to continue to rise) and inflation. As a result, the number of transactions is projected to be less than what we experienced over the last three years. In response, our real estate attorneys will continue to stay in touch with their referral sources for business. Additionally, reconnecting with existing clients to make sure they have a resource for any legal needs will be a priority.

What advice would you give someone just starting out in real estate law?

One of the obvious suggestions to someone beginning a legal career in the field of real estate is to associate yourself with a mentor already in the field. The most important thing to do as you start your career is to learn your craft. There is always a learning curve between the classroom and the real world. When I started out as a new attorney, my mentor told me to become extremely familiar with the form contracts used in our community.

As with many careers, success is usually achieved over time and significantly enhanced based on personal relationships. I think this is especially true as a lawyer. Meeting people and getting involved with professional associations in your field will always help.

What do you enjoy most about practicing law in the Rochester area?

The Rochester area is fortunate to have a legal community that is well versed in the practice of representing clients for real estate transactions. In my own firm, the team around me has significant experience and knowledge about most aspects of my practice area.

A general practice law firm’s success is strengthened by its members’ ability to form lasting relationships with its clients. The Rochester area seems to be the right size where significant connections can be made as we combine work, family and community activities. Clients in our community are very loyal and these relationships can last a career.