BakerHostetler Announces New Austin Office Opening
BakerHostetler is thrilled to unveil the launch of its new full-service office in Austin, Texas. This strategic move marks an important milestone in the firm's growth, making it their 18th office in the United States and the third in the state of Texas, alongside existing locations in Houston and Dallas.
Strengthening Affordable Housing Practice
The opening of the Austin office comes with the exciting addition of 10 highly skilled attorneys specializing in affordable housing and real estate law. This team brings a wealth of experience from an Am Law 100 firm and will greatly enhance BakerHostetler’s capabilities in these crucial sectors.
Cynthia Bast: Leading the Charge
Cynthia Bast has been appointed as the Partner-in-Charge of the Austin office. She is a recognized authority in affordable housing development and finance, with over 30 years of experience in the field. Bast has a proven track record of representing both for-profit and nonprofit developers, navigating complex regulatory environments and offering vital public policy insights.
Strategic Importance of the Austin Location
The decision to open an office in Austin aligns with BakerHostetler's ongoing commitment to expanding its operations in key markets. "Austin is one of the fastest-growing metropolitan areas in the nation, and it is home to an impressive array of employers and potential clients," commented Paul Schmidt, the chairman of BakerHostetler. His vision sees the new office as a significant asset in strengthening the firm’s presence in Texas.
New Team Members Boosting Capabilities
The incoming team members will coalesce with the existing talent at BakerHostetler to create a robust Community Development practice. Nathan Ware, another prominent figure in the firm, will work alongside Bast in leading this initiative, focusing on providing comprehensive legal services in affordable housing and related areas.
Comprehensive Legal Services Offered
The combined expertise of the new attorneys will establish a unique destination for clients seeking guidance on various financing options, including tax credits and governmental financing solutions. As affordable housing demands increase, this integrated team will be well-equipped to handle various complexities involved in real estate investments and transactions.
Meet the New Attorneys Joining the Firm
The new team includes experienced partners like Rick Morrow, who specializes in the acquisition and financing of affordable housing. Others, such as Victoria de Lisle and Chris Schrauff, bring expansive knowledge ranging from bond finance to commercial real estate transactions.
Client-Centered Approach
BakerHostetler emphasizes a client-centered philosophy in its approach to law. The new Austin office will carry this ethos forward, ensuring that clients receive tailor-made solutions that address their unique challenges in the affordable housing sector. The firm's commitment to excellence will remain evident as they assist clients in navigating ever-evolving regulatory landscapes.
About BakerHostetler
BakerHostetler continues to serve clients globally, tackling the most significant business and regulatory issues with exceptional service and sophistication. With more than 1,000 lawyers across six core practice areas — including Business, Digital Assets, Intellectual Property, Labor and Employment, Litigation, and Tax — the firm is well-prepared to support its clients in an ever-changing environment.
Frequently Asked Questions
What Is the Purpose of the New Austin Office?
The Austin office aims to expand BakerHostetler's presence in Texas and enhance its affordable housing and real estate practice through the addition of skilled attorneys.
Who Will Lead the New Office?
Cynthia Bast has been appointed as the Partner-in-Charge for the new Austin office.
When Will the Austin Office Officially Open?
BakerHostetler's Austin office is set to officially open on January 1, 2025.
What Services Will the New Team Provide?
The new team will focus on affordable housing law, including financing options, development support, and regulatory compliance.
How Many Attorneys Are Joining the Firm in Austin?
A total of 10 experienced attorneys specializing in affordable housing will join BakerHostetler with the new Austin office opening.
