The Law Firm of David Stone
1 lawyer · City of Toronto
One of 2,345 law firms listed in Toronto, and one of 697 handling Real Estate Law.
About The Law Firm of David Stone
The Law Firm of David Stone is a small Toronto practice built around two lawyers, David Stone and Balpreet S. Lailna, who work in association rather than as a partnership. The firm's own site says plainly that stonelailna.com is a landing page introducing both lawyers, not a merged firm. Stone's practice covers residential and commercial real estate and business law, drawing on more than 20 years of experience with transactions that range from first home purchases to multi-million dollar share and asset deals for corporations.
Lailna's practice is concentrated in civil litigation, real estate disputes, and mortgage law, including secured lending and mortgage enforcement work for private lenders. Lailna's clients range from first-time homeowners to established corporations. The firm's main office is in the Yorkville neighbourhood of Toronto, at the corner of Bay Street and Cumberland Street, with a satellite office in Mississauga.
Practice areas
Milestones & recognition
- David Stone has practiced law for over 20 years, focusing on residential and commercial real estate and business law.
- Balpreet S. Lailna's litigation work includes matters directly before the Supreme Court of Canada and the Court of Appeal for Ontario, along with appearances at the Ontario Superior Court of Justice, the Ontario Court of Justice, Small Claims Court, and the Landlord and Tenant Board.
- Reported cases involving the firm's lawyers include Signature Realty Inc. v. Fallico, 2019 ONSC 1117, and two decisions in Elle Mortgage Corporation v. Nesbitt, 2018 ONSC 3095 and 2017 ONSC 7598.
Good to know
By appointmentWho handles what
The neighbourhood
The firm's office sits at Bay Street and Cumberland Street in Yorkville, a small neighbourhood that Toronto annexed back in 1883 after growing from a village Joseph Bloor and William Botsford Jarvis had subdivided decades earlier. The area was once known for a very different scene: in the 1960s and 1970s its coffeehouses were a hub of the city's folk and counterculture music, with performers including Joni Mitchell and Neil Young playing its clubs before the neighbourhood turned upscale.
Today Cumberland Street, right where the firm is located, is lined with smaller buildings holding art galleries, ground-floor retail, and restaurants rather than the tower-scale shopping of nearby Bloor Street. The office is next to the TTC's Bay subway station, and the firm also keeps a satellite office in Mississauga so its lawyers can meet clients outside the downtown core.
Frequently asked questions
- Where is The Law Firm of David Stone located?
- The office is in Yorkville, at 1240 Bay Street, Suite 202, on the corner of Bay and Cumberland, right next to the TTC's Bay subway station. The firm also keeps a satellite office in Mississauga so lawyers can meet clients there by appointment.
- Does the firm handle residential real estate closings?
- Yes. The firm handles the purchase, sale, and refinancing of residential property, and offers fixed and competitive pricing for real estate transactions.
- Can the firm help a private lender enforce a mortgage in default?
- Yes. The firm acts for private lenders in secured financing, from the initial mortgage advance through mortgage enforcement, and appears before the Superior Court of Justice in power of sale, foreclosure, and judicial sale matters.
- Does the firm handle business incorporations and shareholder agreements?
- Yes. Business law services include incorporations, shareholder and partnership agreements, corporate governance, financing agreements, and the purchase or sale of a business by share or asset transaction.
- Can the firm prepare a separation agreement or handle an uncontested divorce?
- Yes. The firm's streamlined services include separation agreements, marriage contracts, uncontested divorces, powers of attorney, and notarizations.
- Has the firm's litigation work reached the higher courts?
- Yes. The firm's lawyers have been involved in matters directly before the Court of Appeal for Ontario and the Supreme Court of Canada, and regularly appear before the Ontario Superior Court of Justice, the Ontario Court of Justice, and Small Claims Court.
Where to find them
1240 Bay Street, Suite 202, Toronto, ON M5R 2A7 · 416-961-0609
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