Three trends shaping law firm office design
"Law firms continue to be one of the most active sectors when it comes to office leasing globally, but how are practices designing their spaces to reflect recent trends? "
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"Law firms continue to be one of the most active sectors when it comes to office leasing globally, but how are practices designing their spaces to reflect recent trends? "
"Amid a myriad of unique challenges across different global markets, mid-size and large international law firms are adjusting growth plans, office locational strategies and legal renumeration approaches. "
"Globally, the majority of the legal sector is maintaining the same or equivalent square footage when renewing their leases or relocating. Just under a quarter are increasing space, and approximately a third are consolidating to smaller footprints. "
"Legal occupiers looking to attract and retain top talent, drive performance, and prioritise ESG requirements are demanding premium space that provides vibrant employee experiences and positive environmental impact. "
"With legal occupiers investing heavily in high-quality offices, effective space utilisation is key to successful real estate strategies. In the last year there has been a trend to formalise hybrid working policies firm-wide."
"International expansion of US firms has had a profound impact on legal salaries across the globe. US practices represent the top of the market in lawyer renumeration in all the legal markets we analysed. "
"The debate around what people want in their workplace, including lawyers, has amplified following the pandemic. "
"the Ministry of Construction proposed to reduce apartment ownership to between 50 and 70 years, a change from the long-term ownership buyers previously received"
"It is clear law firms are committed to using office space. Knowledge transfer, mentoring, and efficient teamwork occur in person in the legal workplace."
"The Legal Tenant analyzed law firm transactions over 20,000 square feet (sf) across key U.S. markets and found, as is typical of most first quarters, the pace of office leasing slowed at the start of the new year. "