Law Firms Looking To Downsize


Dramatically changing the business model for law firms and look for the right size of their real estate portfolio over the next few years more, according to a new report from Colliers International. With the exception of a very high level law firms, flattening demand for certain types of legal services has created the need to reduce costs and real estate offers inviting target.
"Real estate is one of their biggest fixed obligations and of course to keep an eye on it," Steve Levitas, the firm's downtown Chicago office of Colliers' services director and a major law firm, tells GlobeSt.com.
Corporate users have made more efficient office footprints national trend right sizing, but the law offices face a very different challenge, he adds. "They close the office" and simply can not move to an open office plan. On the contrary, many law firms, both partners and associates, and other changes to the universal office is considering a switch between sizes, built-in flexibility to maximize the use of demountable wall partitions started. Law offices often "use the space as a recruiting tool, but as a junior lawyers may be concerned about how great their office." May
What is the legal development of disruptive technologies has changed the world. For example, the powerful software companies in complex litigation, created by Levitas says that you can use to analyze vast amounts of data, was "not in groups and teams who go through it, too." Customers still pay the high cost of legal services, but the process is reduced and the space required for the study will continue to depress the need for the firms.