Wake Up Call: Firm Leasing Up 51% in 3rd Quarter, Report Says

In today’s column, Allen & Overy’s flexible lawyering platform opened an office in New York; Stoel Rives is the latest firm to offer lawyers up to 50 billable-hours credit for diversity and inclusion work; Seattle’s booming economy is attracting Big Law firms into the market.

• Leading off, U.S. law firms that use over 20,000 square of office space leased a total of 2.1 million square feet in 2021’s third quarter across major markets, including New York, Los Angeles, Chicago, San Francisco and Washington. That’s up 51% from the previous quarter to reach the sector’s highest quarterly total since the pandemic ...