serg3d/Adobe Stock 'Macro Impacts': How Much Am Law 200 Firms Have Reduced Their Space
Am Law 200 firms leased an average of 525,500 square feet of office space in 2023 at an average cost per square foot of $50.20. Here's how those figures have shifted in recent years.
May 07, 2024 at 10:07 AM
7 minute read
Law Firm Management
Am Law 200 firms are reducing the total square footage of office space they lease but are paying incrementally more for each square foot, as the firms deal with expiring leases in the post-pandemic "new normal" where remote work, hot new technology and a desire for community affect law office space needs.
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