Key takeaways

• Fierce competition for talent is influencing locational decisions across the legal market, with some firms expanding outside of markets with a large legal footprint due to cost of talent.

• Globally, most legal practices maintained the same size of office space in H1, with notable regional exceptions. In Europe, London, Paris and Brussels stand out as hotspots for expansion. Meanwhile in China, international firms are increasingly reducing their physical footprints, while top domestic counterparts relocate to larger offices.

• Flight to prime continues to raise the price premiums of best-in-class assets around the world but particularly in the US, as top-tier space becomes harder to secure in many leading office markets.

• 56% of the top 50 in the Global 200 mandate three or more days per week in the office, with legal professionals typically exceeding minimum office attendance requirements.
  
  

Read the articles within the report below: