Category Archives: Law firms

Advice for Law Firms

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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… Read More

Law Firms: The Impact of Technology

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Video 4: The Impact of Technology
Kenneth Siegel explores the way technological advancements and tools have supported the downsizing trend, reducing the space and investment required for libraries and closings, and helping associates to be more independent with regards to drafting.

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… Read More

Law Firms: Geographic Opportunity

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Video 3: Geographic Opportunity
Kenneth Siegel explores how a demographic shift has unlocked geographic opportunities for New York law firms—allowing decision makers to consider areas such as the West Side and Downtown, as opposed to more traditional submarkets like the Grand Central area.

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… Read More

Law Firms: Evolving Space Standards

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JLL Video Series: Key trends for Law Firms in New York

Video 2: Evolving Space Standards
Kenneth Siegel explains how changing space standards are being employed by New York law firms as they look to use space more efficiently.

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… Read More

Occupancy, Efficiency, Space

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JLL Video Series: Key trends for Law Firms in New York

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.

JLL New York is excited to introduce a new… Read More

Midtown trophy rents at highest level in three years

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New York’s Trophy Buildings Continue to Outperform Larger Market

Skyline

While Manhattan’s growing economic diversification into high-tech and other creative industries is welcome news for the larger economy, JLL New York’s research team has found that financial and legal services continue to drive occupancy and pricing at the top of the market. The majority of New York’s most expensive properties remain clustered around the Plaza District, but… Read More

Please join us on Wed Dec 3 for the 2014 Law Firm Perspective Briefing

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Hear JLL law firm experts discuss the trends that are impacting the New York market and what it means for your real estate

LawFirm_Flexibility_webJLL’s recently released 2014 U.S. Law Firm Perspective explored the changing landscape for law firms in Manhattan. Now that you’ve had a chance to read it, join JLL’s Law Firm Group leaders in a virtual meeting as they explain the report’s key points in more detail,… Read More

Traditional sectors regain top leasing activity

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Chart of the week: November 10, 2014

PowerPoint Presentation

  • Leasing activity in the legal and financial service industries has picked up year-to-date with seven out of the top 10 leases, compared to only three in all of 2013.
  • The TAMI sector continues to grow its share of leasing activity, despite a downtick in the sector’s share of the top 10 leases
  • Read More

Manhattan law firms, while back in the market, are taking less space

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New York Chart of the Week: November 2, 2014

PowerPoint Presentation

  • Legal services have accounted for three of the top five leases in Manhattan since June.
  • Through improved space efficiencies and headcount reductions, however, law firms are taking fewer square feet than before
  • The above transactions suggest firms are reducing their foot print approximately 20 to 30 percent

Source: JLL Research

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New York’s geographically diverse workforce creates opportunities for law firms to relocate beyond traditional submarkets

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New U.S. Law Firm Perspective outlines trends shaping the landscape

LawFirm_Flexibility_webAre you exploring the full gamut of your space options in New York City?

With market dynamics shifting and employee commuting patterns changing over recent years, law firms are increasingly focusing office searches west and downtown where newer, lower- or comparatively-priced space is available.

In JLL’s 2014 Law Firm Perspective we… Read More