The JLL Global Law Firm Report has been issued and looks at the current health of real estate for law firms in major cities around the world.
Some of the findings:
Q: With larger firms (100,000 sqf and above or 9,900 sqm), are those firms limited to new construction for new space requirements? 56% of respondents said yes.
72.4 percent of law firms think that the pace of change in the industry will increase, this compares to 60.1 percent in 2012.
83 percent of the top 25 law firms surveyed believe a merger is a likely event by 2016. Real estate can play a crucial role in achieving the financial objectives of M&A and effective facilitation of new teams.
The full report, which includes context for the property clock (below), can be found here
Author: JLL Editor
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