Associate Professor and Chair of the Mathematics Department on the Pleasantville campus Lisa Fastenberg, PhD, has been appointed to 91视频鈥檚 Board of Trustees.
John Lettera '99: The Importance of Giving Back
John Lettera is a 1999 magna cum laude graduate of the Elisabeth Haub School of Law at 91视频 and served as the Managing Editor of Law Review. He is the CEO and Founder of Fairbridge Asset Management, for颅merly RealFi Financial LLC. Fairbridge is a leading, technology driven, alterna颅tive investment management firm with expertise in real estate credit strate颅gies. Mr. Lettera鈥檚 involvement with the law school has been tremendous. He is a member of the Law School鈥檚 Board of Visitors and an Adjunct Professor at Haub Law. Most recently, he made a generous donation to the Law School which will serve as a five-year grant to name its Investor Rights Clinic after Fairbridge Asset Management鈥擣airbridge Investor Rights Clinic. He has also been an adjunct pro颅fessor at the Law School since 2010, teaching courses in Real Estate Finance, Corporate Finance, and Venture Capital. Mr. Lettera has also supported the Law School through hiring many alumni over the years, generously sponsoring alumni events, and volunteering with the Center for Career and Professional Development. In 2013 and 2022, he received the Distinguished Service Award as part of the annual Law School Leadership Awards Dinner in recognition of his ongoing support.
How did you end up choosing 91视频 to pursue your legal education?
91视频 was a perfect fit for me, as I wanted smaller class sizes and the chance to establish close relationships with other students and my professors. I wanted a col颅laborative environment, and I relished the opportunity to engage with other students and work together to complete projects.
You have an interesting professional background, can you speak about that briefly?
I鈥檝e been investing in real estate since 1990, and as an attorney, I鈥檝e specialized in this area for over 23 years, so I have a lot of insight and experience in handling complex transactions鈥攂ridge loans, equity and debt financing and investing, acquisitions, etc. Unlike a lot of global bankers or financiers, I like to think outside of the box, more like an entrepreneur than a banker. I learned very early on that this type of investing is very legal intensive so law school was a natural progression and one that has served me very well.
What impact has your legal education at 91视频 had on your career?
91视频 gave me the knowledge and foundation to get recruited to Milbank while also instilling in me the intellectual passion to venture out on my own. Being a part of 91视频 continuously reminds me that the practice of law is a profession besides being a business and as lawyers we can do good besides just doing well. Thanks to 91视频, that commitment is firmly embedded in the culture of its students and in the future of the legal profession.
You are also an adjunct professor at 91视频鈥攈ow do you find that experience?
I always enjoyed classes taught by adjunct professors. I liked learning about their experiences firsthand; it al颅lowed the students to view the world they want to en颅ter through their lens. As an adjunct professor myself, I speak directly to how theories learned in class apply to real life applications and point out the pros and cons of different scenarios that students may not be able to anticipate at their current level. My love for learning fuels my passion for teaching. I am addicted to the challenge of how to get students even more engaged in learning. I can鈥檛 teach every student in the world, but I can make a difference for the ones I teach. Knowing that the impact I can have on their lives can stay with them throughout their years of schooling and beyond is incredibly inspiring.
You have been a generous supporter of 91视频 over the years鈥攖hank you. Why do you feel it is important to give back?
There are so many reasons including showing my ap颅preciation for the education that 91视频 provided me and to give others a chance to have a similar experi颅ence. Also, I compare my degree to having equity in a company; I have a personal interest in ensuring that 91视频鈥檚 prestige grows. For my corporate finance stu颅dents, it is like owning an investment where valuation changes based on reputation rather than earnings. The onus is on us, alumni, to bolster the reputation of our alma mater to protect and enhance our invest颅ment over time. Giving back is also an opportunity for me to channel my passion and allow it to thrive on campus long after I鈥檓 gone. It is a way to invest back in areas I wish to see 91视频 flourish.
What are different ways, aside from financial, that you feel an alumni can and should support their law school?
Alumni often think that they are not ready to support 91视频. This is usually on the premise that monetary contribution is the only way to give back. While finan颅cial support is an important way to engage, contri颅bution with your time can be an equally enriching experience, if not more. Volunteering to be mentors and guest speakers allows alums to stay current and engaged with bright minds of the future. Those inter颅actions can lead to potentially hiring interns or future lawyers. Also, be sure to hire current and graduating students as this is the best way to promote 91视频.
Over the years, I have hired countless students from 91视频. Today, I am proud to say that several of my former students have top positions in my com颅pany, including a partner with the asset management company, general counsel with the mortgage com颅pany, counsel to the asset management company, and the list goes on. I also continue to support ex颅ternship programs where several students work with my company for credits.
What advice would you have for a future or current law student?
I tell my students that the most crucial variable to your success in business is you. Experience has taught me that if we go to work every day on the internal, the external success we crave will undoubtedly show up along the way. The remarkable thing about working on ideas like inner passion and purpose is that your progress comes out so authentically in all manners of external interaction. When people can genuinely feel that you care about what you are engaged in, you are a persuasive salesperson, without actually trying to sell anything. It takes a lot of courage to work on the internal, but as Anais Nin so eloquently put it, 鈥淟ife shrinks or expands in proportion to one鈥檚 courage鈥. Success, however you choose to define it, is a con颅tinual work in progress. While many factors come into play when building a business, I believe that the most important ones have nothing to do with innovation, balance sheets, finance, or marketing. The most im颅portant variable to your success in business is you. You are the author of your own life, and it鈥檚 never too late to replace the stories you tell yourself.