Photo: Ryland West/ALM Big Law Opts for Smaller but New Space in NY, as Law Firm Leasing Activity Ticks Up
Covington & Burling, which signed for a new office at Hudson Yards, and Willkie Farr & Gallagher, which renewed its headquarters space, are among the big leases lately in Manhattan.
July 12, 2024 at 02:44 PM
4 minute read
What You Need to Know
- Law firm leasing deals were up in the second quarter of 2024, compared with the first.
- Firms like Willkie Farr & Gallagher and Covington & Burling signed big leases in the second quarter.
- The first half of 2024 saw more firms relocating rather than staying in place, compared with 2023.
More law firms are signing office leases in Manhattan this year, as firms commit to attendance policies and look for efficiencies in office space. Some of the latest lease transactions include Covington & Burling, which signed for a new office at Hudson Yards, and Willkie Farr & Gallagher, which renewed its headquarters space, according to brokers.
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