Law Firms Hunt for Office Space as Leasing Heats Up (Correct)

Law firms are snatching up real estate following a pandemic-induced lull, according to new data.

Leasing activity by firms jumped more than 43% in the second quarter of 2022 after getting off to a slow start in the first three months of the year, commercial leasing advisor Savills found. That includes seven transactions over 100,000 square feet, a significant increase from a first quarter dominated by smaller leases.

Big Law’s office return after two-plus years of largely remote work is raising questions for firms about how much space they need and what it should look like. Office space is one ...