Hogan Lovells to break lease on one of three London bases next year
Firm to move out of Meridian House amid modernisation of other two London offices
November 23, 2018 at 09:07 AM
3 minute read
Hogan Lovells will move out of one of its three London offices next year, amid an overhaul of its City premises to encourage more agile working and better use of technology.
The firm will break the lease on its Meridian House offices on Farringdon Street in spring 2019, with the decision coming after a review that began last year.
The move will leave the firm with two bases in London – its Atlantic House headquarters and additional premises at 21 Holborn Viaduct.
The firm has recently refurbished Atlantic House, creating a 'tech hub' space and opening a new client business suite in the past year. New technology has been installed in client meeting facilities, with new collaboration zones and improved staff facilities also brought in.
The firm said that while the move will result in cost savings, the primary objectives were to recognise differing working styles among its staff, improve access to technology and create a more "modern and inspiring place" to work.
A similar refurbishment project is now being carried out at 21 Holborn Viaduct, with the 230 staff currently based in Meridian House set to move into the space created by the overhaul of the other two bases.
Hogan Lovells UK and Africa managing partner Susan Bright said: "The refurbishment of our London space will be fully completed in 2019. We can already see how much better the use of space is for our people – many of the areas that were unused now provide us with touchdown desks, collaboration zones, extra meeting rooms and more social space for our people.
"We are particularly proud of our Penson Lounge, a new space on the ground floor of Atlantic House for our clients to use."
The Penson Lounge is named after John Penson, the former head of banking at legacy Lovells, who passed away in 2000.
Earlier this year, the firm cut 54 business services jobs in London as part of a restructuring process that has seen support roles moved to lower-cost centres in Johannesburg, Louisville and Birmingham. The majority of the cuts were in business services functions such as conflicts and compliance, finance, IT, knowledge and research, marketing/business development and office services, as well as a couple of legal support roles.
In September last year, the firm agreed a deal to triple its office space in Birmingham in anticipation of jobs being relocated from London. A refurbishment of the offices was completed earlier this year.
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