Baker McKenzie has signed a new lease at 280 Bishopsgate.

Baker McKenzie is set to move further into the City of London to a new base in Spitalfields in 2023, the firm said in a statement on Thursday.

Slaughter and May advised it on its move, which will see it make its new home at 280 Bishopsgate.

The firm will occupy approximately 150,000 square feet in the new building, according to a statement, a similar size to its current home at 100 New Bridge Street.

London managing partner Alex Chadwick, said in a statement: "This is a hugely exciting move for us. Moving into the heart of the City of London represents our long-term commitment beyond COVID-19 to retaining an office base in what is an incredibly important financial centre to the firm. It is clear evidence that, despite the current situation, expanding our presence in London remains a key strategic growth priority for us in the future.

"This requires a suitable office environment – a new, modern and eco-friendly space in which we can collaborate, cultivate our firm culture, embrace new technologies, and meet and interact with each other and our clients. In light of the current pandemic, this feels more important now than ever before."

The new offices at 280 Bishopsgate are currently undergoing a complete refurbishment and will provide the firm and its clients, and the firm is currently working with developers and architects at Hassell to "design an optimal future work space".

Baker McKenzie has been advised by Savills on the real estate acquisition, with legal advice provided by Slaughter and May. Slaughters real estate partner John Nevin and tax partner William Watson led the team on the matter.

Baker McKenzie is the latest firm to find new headquarters to move into in London. Freshfields Bruckhaus Deringer is due to complete its move to new offices at 100 Bishopsgate by September. The firm signed a 20-year lease in 2017.

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