Photo of Carl W. HersteinPhoto of Carl W. Herstein

Carl W. Herstein

Partner

Education

Yale Law School, J.D.
  • Yale Law Journal, Editor; Honorable Mention Benjamin N. Cardozo Prize; Semifinalist Harlan Fiske Stone Prize
University of Michigan, B.A.
  • Political Science and History
  • with high distinction, with highest honors in Political Science; William Jennings Bryan Prize; Phi Beta Kappa

Prior Employment

  • Congressman Clarence Long, Congressional Intern

Bar Admissions

Professional Affiliations

LegalBizDev

  • LPM Advisory Board, 2015-present

The Fellows of the Michigan State Bar Foundation, 2002-present

Michigan Supreme Court Historical Society, 2000-present 

  • Board of Directors, 2004-present
    • Vice President, 2015-present 
    • Secretary, 2006-2015

Institute for Continuing Legal Education (ICLE)

  • Technology Advisory Committee, 2003-present

State Bar of Michigan

  • Real Property Law Section

University of Detroit-Mercy

  • Financial Institutions Advisory Committee, 1985-1995
Overview
Experience
Community
News & Resources
Honors

Overview

Mr. Herstein is a real estate attorney who has experience in the areas of finance, tax appeals, interest/usury and equine law.  He is well-known for his writing on Michigan real property law and his authoritative work on Michigan usury law, which have been cited by the courts and utilized by practitioners.  He has also worked extensively on the structure and documentation needed to settle complex real estate tax appeals.  As the firm’s Chief Value Partner, he works extensively on legal project management, alternative fee structures and matters relating to the cost-efficient practice of law.

  • Assists clients with large-scale, public/private development projects
  • Counsels clients on interest and usury law issues
  • Handles the structuring and documentation of complex, multi-million dollar tax appeal settlements
  • Counsels clients on thoroughbred horse racing matters
  • Serves as an expert witness on law firm billing issues
  • Serves as the firm’s Chief Value Partner

Experience

  • Served as counsel to the owners of two thoroughbred race courses in the State of Michigan
  • Represented a limited partnership in connection with its redevelopment, multiple firings and ongoing relationships with both public and private parties with respect to the Old Wayne County Building
  • Represented two Michigan thoroughbred racetracks from track development through ongoing operating and regulatory issues
  • Represented several Fortune 500 companies in the structuring and documentation of the settlement of more than a dozen multi-million dollar tax appeals
  • Provided expert testimony in the reasonableness of legal fees in proceedings for fee reimbursement
  • Represented developers in connection with several of the most important public/private partnerships in the City of Detroit, including the Riverfront Tower Apartments, Trappers Alley, the Detroit-Fairlane Holiday Inn Hotel and the St. John Hospital and Medical Center financing

Community

Michigan Historic Preservation Network

  • Member, 2014

The Sphinx Organization

  • Board of Directors, 2009-present 
    • Secretary, 2010-present

University Musical Society (UMS)

  • Board of Directors, 2003-2010
    • Chair, 2007-2009
  • Senate, 2010-present

John and Marnee Devine Foundation

  • Board of Trustees, 1992-1998

Catholic Social Services of Washtenaw County

  • Board of Trustees
    • Trustee, 1985-1994
    • Chair, 1992-1994
    • Treasurer, 1991-1992

Saint Francis of Assisi Parish, Ann Arbor

  • Parish Council Member, 1992
  • Education Commission, 1986-1992

Pioneer High School Band Parents Association

  • Member, 1992-2001
  • Corresponding Secretary, 1994-1996

Pro Bono

  • Provided pro bono assistance to Habitat for Humanity-Detroit for 20 years; led the firm’s efforts that resulted in its recognition as Community Partner of the Year in 2004

News & Resources

News

Press Releases

Publications

Seminars & Events

Honors

  • The Best Lawyers in America, 2005-2017
  • DBusiness, Top Lawyers, 2010, 2011, 2013-2017
  • Michigan Super Lawyers, 2007-2016
  • Who's Who in America
  • Who's Who Among Rising Young Americans
  • Who's Who in American Law
  • Men of Achievement
  • Personalities of America
  • 2000 Notable American Men

Academic Appointments

  • Yale Law School, Assistant in Instruction (Professor Paul L. Davies), Torts, 1975-1976
  • Ezra Stiles College of Yale University, Graduate Assistant, 1975-1976