The times are changing in the legal industry — in large part due to increasing competition in a fluctuating global economy, putting pressure on law firms to cut costs. As occupancy expenses hit all-time highs, law firms are faced with the need to reduce and rethink their utilization of space.
Historically, law firms have maintained a relatively traditional approach to their use of office space, carrying more space than they needed. However, as firms move to digital storage and e-discovery, secretary-to-lawyer ratios are increasing and the need for space to store files and law libraries is decreasing. These changes are encouraging firms to seek smaller floorplates, or look into ways to repurpose existing space in order to avoid empty and lifeless core areas, as well as reduce costs.
CBRE’s 2015 Legal Sector Report found that while not yet prevalent, more transformational changes are likely in the coming years, including:
·Universally sized offices in range of 150 to 180 square feet
·Increased number of interior offices or open workspaces
·Greater acceptance of alternative forms of working, such as telecommuting (leading to less required space)
These changes are not unique to law firms. They are happening across all industries, from media and technology companies, to more traditional businesses like real estate companies and banks. CBRE is at the forefront of evolving trends in workplace strategy with unmatched insight into the changing needs of office occupiers. We’ve taken a “lead by example” approach when it comes to new ways of working through our own Workplace360 initiative that allows us to provide a better workplace for our employees and better workplace insights to our clients.
This “lead by example” approach includes recently reimagined office space in Carlsbad and Downtown San Diego, designed to optimize the productivity of our employees. These Workplace360 offices feature a balance of private and collaborative workspaces designed to support the way employees work through enhanced flexibility, mobility, technology and productivity.
If you are interested in taking a tour of our Workplace360 offices, please contact Paul Komadina at (858) 646 4771.
-Submitted by CBRE.