JordanFurlong + office   16

Law Firms Come to Terms with Shifting Space Needs | Law.com
As the report’s subtitle—“How the Legal Industry Landscape is Shaping Occupancy Trends”—makes clear, secular changes are behind the downsizing and redistribution of office space. “As pressure on fee arrangements and continued M&A activity among firms weigh on headcount, many law firms are finding themselves with more office space than may be necessary,” the report states. “At the same time, firms are grappling with the best ways to use their real estate as a tool for retaining employees and maximizing their effectiveness.”

The report notes that the current year may well surpass 2015 for mergers and acquisitions “as firms look to strengthen their ability to serve their clients by adding new practice areas and growing existing ones, all while reducing duplicative expenses.” In addition, law firms’ research budgets are down generally, and an increasing number of large and small firms are pursuing alternative staffing strategies.

Looking at the Am Law 200, produced annually by GlobeSt.com’s sister organization, The American Lawyer, Savills Studley sees greater performance among the top 100 firms in terms of cumulative revenue growth per attorney. Accordingly, the report notes, the smaller firms have faced the most pressure on fees; “it is also possible that headcount at smaller firms is still elevated relative to their larger brethren.” Savills Studley notes in its report that it has completed transactions for 76 of the Am Law 100.

Although the report notes “no shortage of concerns over the future of the operating environment for law firms,” it says that one of the most persistent and cost effective trends has been the downsizing of space to reduce real estate costs.
office 
october 2016 by JordanFurlong
Office design aimed at increased law firm collaboration | Law & Politics | Business in Vancouver
“The biggest emphasis is going to a more hybrid space,” said Milelli. “And by hybrid I mean we’ve kind of mixed our lawyers with our service groups throughout the floors. And probably the biggest change is that we don’t have any offices on the perimeter; the perimeter is open.”
office 
june 2016 by JordanFurlong
Millennials Have Their Say on Law Firms’ Future | Law.com
More than half of the firms surveyed count Baby Boomers as representing between 40% and 80% of their current attorneys. With the youngest Boomers now in their early 50s, it’s safe to predict that many of a given firm’s attorneys will retire within the term of a 10- to 15-year lease. Accordingly, “future real estate decisions are being influenced by the younger generation of attorneys as they will become the future leaders of the firm during these long-term lease commitments,” according to Cushman & Wakefield’s 2015 National Legal Sector Benchmark Survey.

This demographic shift also raises the question of succession planning, an area of operations in which just 15% of respondents said they have formal plans in place. Another 27% they have an informal plan that is not mandated. Nearly a third of survey respondents said they don’t have a succession plan at all, and 84% have no retirement age mandate.
firms  generations  demographics  office 
june 2016 by JordanFurlong
The Law Offices of the Future Are Here, and Your Name Might Not Be On the Door | National Law Journal
When Reed Smith moved 35 lawyers from a Falls Church office building into the new Tysons Tower on Monday, two partners gave up the very thing they had worked years for: Their names on office doors.
Those Northern Virginia-based lawyers and others in the San Francisco office are part of a pilot program Reed Smith has started to try “hoteling,” or the practice of lawyers sitting at changeable temporary desk spaces when they work out of their home office buildings.
“I think it’s a really cool concept,” said Julia Krebs-Markrich, a health care regulatory lawyer in Tysons Corner who served on Reed Smith’s executive committee from 2012 until last month.
She traded in her permanent desk for hoteling on Monday.
office  firms 
march 2016 by JordanFurlong
Big Law Flirts With Office-Less Future | The Recorder
ome people loved it. They found that seeing their colleagues face-to-face made them more energized. "There's more interaction. There's more 'how are you doing today?' It's less lonely," Keller said.
Others were less keen.
"Some people didn't feel comfortable talking on the phone with other people listening, or just wanted more privacy," Keller said. Some client matters are so sensitive that attorneys cannot even dream of making a client-related call from a shared space. And sometimes you just need to have absolutely no distractions as you work through a dense decision or draft a complex legal argument.
The love-hate breakdown was about 50/50, Keller said, and it was "partly generational, partly personality-driven." Keller, a tech companies lawyer of 35 years' experience, admitted he wasn't crazy about it himself. But, he figures, why fight progress?
office 
november 2015 by JordanFurlong
Activity-Based Working: Office Design for Better Efficiency - Businessweek
Chiat’s vision of the workplace may finally be having its moment. Wilkinson, who also designed Google’s (GOOG) headquarters in Mountain View, Calif., recently completed a 65,000-square-foot office in Midtown Manhattan that has a lot in common with the advertising legend’s folly. At Gerson Lehrman Group, all 250 employees are equipped with office-issued laptops and telephone headsets and can choose from a variety of workspaces instead of assigned offices or cubicles. At the end of the day, they store gear in personal lockers.
office 
october 2014 by JordanFurlong
Dewey B Strategic: The Law Office of the Future Design Lab Debuts at the Association of Legal Administrators
The Key Concepts of ReDesign Law Are:

1. Less is more. Smaller offices, more interiors offices
2. Build more variety and choice into people's work environment.Gensler's workplace study indicated that there is a 12% increase in productivity when people have workspace choices.
3. Future Proof your environment. Create space which can expand, contract and be reconfigured as needed.
4. Ubiquitous technology enhances collaboration and mobility
5. Connect the Dots. Face to face interactions still build social capital
6.One size doesn't fit all. Find the workplace strategy that works for your firms.
office  innovation  firms  talent  it 
may 2014 by JordanFurlong
The death of the office as we know it
“This could see small business employees working alongside individuals or teams from larger corporate businesses,” he says.
office 
september 2013 by JordanFurlong
Lawyer Offices Shrink and Group Space Expands; Paul Hastings Considers Permanent Home Offices - ABA Journal
Lawyer offices have decreased in size by 20 percent to 25 percent, according to Matthew Barlow, executive vice president at the brokerage firm Studley Inc. Some firms, he said, are placing junior lawyers in interior space once used by administrative staffers. Typical office sizes are 225 square feet for partners, the story says, and 150 square feet for associates. In New York, however, many firms put two associates in an office.
office  mobile 
july 2012 by JordanFurlong
Legal Blog Watch
Officespace_stupididea Over at Seth's Blog, Seth Godin does his standard, masterful job of re-thinking big-picture issues with a post today entitled, "Goodbye to the Office." Godin looks briefly at the history of the "office" as a necessary destination at which work is performed, and concludes that the concept is probably on its last legs.
office 
june 2010 by JordanFurlong
Law.com - Proskauer's Office Deal a Sign of the Times for Tenant Bargaining Power
"We're taking advantage of what I think is really the opportune time in terms of the New York real estate market," said Allen Fagin, chairman of Proskauer Rose.
office 
may 2010 by JordanFurlong
lawjobs.com Career Center - Rethinking the Law Firm Workplace
Another idea is to reduce the size of personal workspaces, including partner offices. Most attorneys soon realize they can shed square footage from their office spaces and still work effectively. In fact, today's 25,000-square-foot floor plate typically is being designed for up to 30 to 35 lawyers. By contrast, that same space once was designed for 25 to 30 lawyers.
office 
may 2010 by JordanFurlong
Share and share alike
law firms have persevered with the cellular office structure (that is, all professional staff having their own individual offices) despite that fact that many other professions, such as bankers, accountants and consultants, have embraced open-plan. But the tide is beginning to turn, and a number of firms are now beginning to dabble with open-plan seating arrangements, albeit in various forms. These firms are seizing on a number of perceived benefits, ranging from more open and effective communication between lawyers, to better aesthetics and environmental performance.
Bookmarks  office  innovation 
october 2008 by JordanFurlong
morepartnerincome.com :: Virtual Space Replacing Law Office Space
For the attorney, virtual space may be overtaking office space in terms of importance.
Bookmarks  robolawyer  innovation  office 
august 2007 by JordanFurlong

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