Savills introduced “The Way Forward for Law Firm Offices” series in November to serve as a guide to redefine the purpose and value of law firm office space. In our first article, the Savills Legal Tenant Practice Group offered advice for how to lay the groundwork for data-driven real estate decision-making. Our team continues the series with advice for how to assess and prepare your current offices and adjust your workplace strategy for the new priorities of face-to-face work.
The first step in assessing your law firm’s return-to-office strategy is to understand your current real estate obligations and the flexibility of your office as configured (our previous article discussed gathering this information as a basic metric for decision-making):
These are questions best answered with your real estate advisor in conjunction with your finance and operations teams. Understanding your short-term flexibility, or lack thereof, will help guide your short-term decision-making and investment. Resist the urge to let your competitors guide your actions.
