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United States

Report | Global Law Firm Perspective 2012

Summary

This report assesses real estate market conditions for law firms in over 30 mature and emerging locations worldwide, the opportunities and challenges of which vary considerably.

Key highlights of the report include:

  • As clouds remain on the macroeconomic horizon, law firms will need to adopt a forensic approach to the management of their real estate portfolio to ensure that assets are optimised
  • A number of markets at the core of global law firm portfolios are seeing diminishing availability of high quality space options, while others present good opportunities for law firms to enhance their position
  • Firms are increasingly looking to Asia for growth opportunities, resulting in a cluster of M&A activity between US, UK and Australian firms 
  • The traditional focus on prime locations and trophy buildings will remain, but it will also be accompanied by a new emphasis on workplace productivity and space efficiency

 

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