Law Firms Are Opting to Relocate Rather Than Renew Leases: The Morning Minute
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June 21, 2022 at 06:00 AM
6 minute read
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WHAT WE'RE WATCHING
MOVIN' OUT - While the concept of the law firm office may not be obsolete, your law firm office might just be. Firms increasingly seem to be reaching that conclusion, as they opt for new digs rather than renewing their existing leases, Law.com's Jessie Yount reports. In recent weeks, three midsize firms in the West have relocated or announced upcoming relocations that move them out of their homes of 20 years or more, into smaller footprints in newer buildings that firm leaders say are better designed for the hybrid legal practice of the future. For example, northern California midsize firm Farella Braun + Martel, is taking the plunge after more than 50 years in the same building in the heart of the San Francisco Financial District. The firm's new space, just three minutes away, will reduce its footprint from 125,000 square feet to 40,000 square feet come mid-2023. "This was a chance to look at, 'Are we in the right space for the future?'" Farella Braun managing partner Brian Donnelly said, noting that the timing of the firm's lease expiration was particularly fortunate in light of the pandemic and transition to hybrid work. Another firm, Denver-born firm Davis Graham & Stubbs, is also planning a move to new space in 2024. Davis Graham co-managing partner Kristin Lentz said that as the firm returns to work, with the ask that attorneys are in the office about 50% of the time, the new space will make it easier to host creative events and get-togethers. "We have a lot of dead space in our current office, and if you don't have 100% capacity, it feels lethargic. We're excited about this new building because it will be denser, highly concentrated and more personal," Lentz said.
COURTING CONTROVERSY - The increasing involvement of Justice Clarence Thomas' wife, Ginni Thomas, in the Jan. 6 House investigation is another blow to an already wounded U.S. Supreme Court and a potentially dangerous moment for the court's senior associate justice, Law.com's Marcia Coyle reports. The House committee investigating the 2021 assault on the Capitol reportedly is examining emails between Ginni Thomas and John Eastman, a former Justice Thomas clerk and a central figure in the attempt to change the results of the November 2020 presidential election. Earlier reports showed Ginni Thomas also engaged in email correspondence with former President Donald Trump's chief of staff, Mark Meadows, and Arizona state legislators, urging them to fight the election results. "This clearly damages the court," ethics and constitutional law scholar Louis Virelli of Stetson University College of Law said. "Her job is not to protect the integrity of the court, but her husband's job is. If there is the kind of communications that we're seeing now, that responsibility becomes more important for Justice Thomas."
WHO GOT THE WORK?℠ - Prologis has agreed to acquire Duke Realty for approximately $26 billion in an all-stock consideration. The transaction, announced June 13, is expected to close in the fourth quarter of 2022. San Francisco-based Prologis is advised by a Wachtell, Lipton, Rosen & Katz team led by corporate partners Adam O. Emmerich and Viktor Sapezhnikov. Duke Realty, which is based in Indianapolis, is represented by Alston & Bird and a Hogan Lovells team led by partners David Bonser and Stacey McEvoy. A Fried, Frank, Harris, Shriver & Jacobson team, led partners Roy Tannenbaum and Philip Richter, advised Goldman Sachs, acting as financial advisor to Prologis. >> Read the filing on Law.com Radar and check out the most recent edition of Law.com's Who Got the Work?℠ column to find out which law firms and lawyers are being brought in to handle key cases and close major deals for their clients.
ON THE RADAR - Tesla was hit with an employment class action Sunday in Texas Western District Court over alleged violations of the Worker Adjustment and Retraining Notification (WARN) Act. The suit, filed by Herrmann Law and Lichten & Liss-Riordan, follows the company's 10 percent elimination of its total workforce and the resulting mass layoff of more than 500 workers. Counsel have not yet appeared for the defendant. The case is 1:22-cv-00597, Lynch et al v. Tesla, Inc. Stay up on the latest deals and litigation with the new Law.com Radar.
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EDITOR'S PICKS
Plaintiffs' Bar Energized About Exactech's Recalls of Orthopedic Implants By Amanda Bronstad |
Amid Threats Against Judges, Some Ask if It's Time to Arm Themselves By Andrew Maloney |
Over 400 Managing Partners, GCs Make Public DEI Pledges as LCLD Campaign Concludes By Dan Roe |
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
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David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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