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Legal Perspective

United States

Report | Americas Law Firm Perspective - 2011

Summary

 

With overall economic conditions deteriorating throughout the summer and early fall of 2011, a window of opportunity for law firms, especially those with smaller to medium requirements, has begun to reopen across various market segments. This will likely provide enhanced negotiating leverage for many tenants relative to landlords over the next 6 to 12 months.

 


Despite this broader national trend, some law firms may gradually see their leverage erode in markets in which the underlying economic drivers are improving. Regions that depend heavily on technology- and energy-related industries, for example, have seen market conditions tighten. Although business and revenue prospects may improve for law firms in those locations, tenants may see relinquished buying power for space to capture the most attractive deal terms available.​

 

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