The report by JLL, 2015 Law Firm Perspective, says that the legal sector occupies roughly 17 per cent of class A office space across US urban cores and accounts for more than 25 per cent of occupancy in markets including Washington, D.C., Palo Alto, Cleveland, Columbus, Fort Lauderdale and Austin.
Elizabeth Cooper, international director and co-lead of JLL’s law firm practice group, said: 'Live-work-play environments appeal to Millennials, and the lower rents in fringe locations appeal to efficiency-focused firms.'
The end of law libraries
Tom Doughty, co-lead of the law firm group at JLL, said: 'Digitization has reduced support staff ratios, and virtually eliminated the need for law libraries and file rooms. The time is now to get creative with location and building options.' Source: Globest