Video 5: Advice for Law Firms
In the final video of our law firm series, Kenneth Siegel advises law firms to keep an open mind and put historical notions to the side when making occupancy decisions. He also encourages such companies to focus on the future needs and commuting patterns of their populations when planning over the long term.
U.S. law firms typically face more supply constrains than companies in nearly any other industry. Why? Law firms typically want offices in premium, Class A space in central locations—the tightest segment of U.S. office markets.
With fewer space options, your firm may find itself battling with competitors not only for clients—but for desired office location as well.
In this five-part video series Kenneth Siegel, International Director and Co-Lead of the New York Law Firm Practice Group, will explore some of the most relevant trends (as reported in JLL’s U.S. Law Firm Perspective) for New York-firms to keep top of mind as they progress toward making occupancy decisions, with a focus on changing space standards and emerging geographic opportunities.
Missed the rest of the videos in the series? No problem!
Want more? Check out JLL’s U.S. Law Firm Perspective for further insights into law firm trends in key markets across the country.