Bucking a 2011 trend that has seen most law firms with expiring leases renew rather than relocate, both Baker & McKenzie and Pillsbury Winthrop Shaw Pittman are taking over more than 100,000 square feet of space at new addresses in key cities.
For its part, Baker has committed to a 15-year lease at 452 Fifth Avenue, an IDB Group-owned building overlooking Bryant Park in midtown Manhattan, according to an IDB statement. The firm’s New York office will occupy 105,803 square feet across six-and-a-half floors, making it the building’s second-largest tenant after HSBC.
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