Previous analyst posts have highlighted how real estate is now playing an important role for law firms in the post-pandemic era. In particular, firms are now placing an ever-increasing focus on how and what their real estate looks like.
The last 18 months have seen several Am Law 200 and UK Top 50 firms lease new office space. This includes the likes of Kirkland & Ellis, Clifford Chance, and Hogan Lovells. What a number of these transactions have in common is the focus on leasing new, best-in-class office space. This refers to newly constructed, under construction, or recently refurbished buildings that have first-class amenities and a high number of leading ESG credentials. Such amenities include exceptional end-of-trip facilities, plenty of cycle spaces, and terraces and outdoor spaces.
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