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Is Uniformity in Finance Law Necessary?

LOS ANGELES—Allen Matkins' Steve Lieske says that while the idea is novel, he believes that real estate is still inherently local and wouldn't benefit from uniform laws across state borders.

By Kelsi Maree Borland | kelsimareeborland | Updated on February 16, 2017

Steve Lieske is a partner at Allen Matkins.

LOS ANGELES—Real estate lawyer Kathleen Smalley, a partner at Locke Lord LLP recently addressed the need for more uniformity in real estate finance law in a UCLA Economic letter. While there isn’t currently a widespread movement to achieve uniformity across state lines, Smalley made an argument that there is increasing need, especially during times of economic downturn. However, not all real estate lawyers agree that uniformity is necessary or achievable. Steve Lieske, a partner at Allen Matkins, believes that the inherently local nature of real estate relieves the need for cross-boarder uniformity of law.

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