Law Firms Have Started Their Real Estate Diets | The American Lawyer - Law.com

What You Need to Know

• One analyst says most law firms are looking to reduce their footprints by 10 to 15% over the next five years.
• This decision-making is unfolding in an environment where office attendance remains underwhelming.
• Higher-end new spaces that allow more efficient use of less space remain desirable, but options are limited.

A growing number of large law firms are signing new leases that include substantial reductions in square footage, according to real estate experts, as the pace of office returns are lagging after two years away.

With the war for talent in the legal industry more intense than ever, firms are looking to right-size their footprints to account for continued hybrid work and deliver appealing space for when personnel are working in the office.

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source: https://www.law.com/americanlawyer/2022/03/31/law-firms-have-started-their-real-estate-diets/

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