Big Space Reductions on Horizon for Law Firms in 2022, Despite Head Count Growth | The Legal Intelligencer - Law.com

What You Need to Know

• Law firms are moving toward a more compact and collaborative office floor plan, capitalizing on favorable commercial real estate market conditions.
• For those with leases several years out from expiration, many are turning to subleasing options.
• Brokers offer a word of caution to businesses seeking to save money on real estate costs: don't downsize so much that you can't support growing head count.

Last week, leaders at Am Law 100 firm Duane Morris confirmed rumors that its Pittsburgh team was relocating from a 19,000-square-foot office in the U.S. Steel Tower to an 11,000-square-foot office in EQT Plaza.

The new location, according to leaders at the firm, will allow Duane Morris to continue its growth in Pittsburgh while incorporating “streamlined space-use parameters to reduce the overall footprint of the office.”

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source: https://www.law.com/thelegalintelligencer/2021/12/22/big-space-reductions-on-horizon-for-law-firms-in-2022-despite-head-count-growth/

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