The current environment shows a challenging time ahead for the majority of law firms. Falling revenue growth levels among the AmLaw 100 (just 2.8 percent in 2012) make cost-cutting measures a must, but decreasing office space availability, particularly among Trophy and Class A options, is increasing rents across the board.
The video below provides details on law firm trends, forces driving key markets, and what to expect in terms of real estate costs in the coming years.
LinkedIn post: Trends like collaborative workplaces, digitization of the workplace and growth strategies impacting the real estate market have radically changed how law firms use and think about office space. Check out JLL’s new video for more law firm trends: http://bit.ly/1k5xRTw